NYSE$RSI
Rush Street Interactive Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced third quarter results with revenue up 15% year-over-year and increased adjusted EBITDA profitability for the second consecutive quarter.
Rush Street Interactive reported a 15% increase in revenue to $169.9 million for the third quarter of 2023, compared to $148.0 million in the third quarter of 2022. The company's net loss decreased to $13.4 million from $22.7 million year-over-year, and adjusted EBITDA was a positive $4.1 million, compared to a loss of $12.5 million in the same period last year. RSI is raising its full year 2023 revenue guidance to between $665 and $685 million.
- Revenue increased by 15% year-over-year, reaching $169.9 million.
- Net loss improved to $13.4 million, compared to a $22.7 million loss in the prior year.
- Adjusted EBITDA turned positive at $4.1 million, a significant improvement from the prior year's loss of $12.5 million.
- The company expects to be Adjusted EBITDA positive for the full year 2023.
Headline financials
Revenue & EPS history
Rush Street · Revenue · Quarterly
$170M
Forward guidance
RSI expects revenue for the full year ending December 31, 2023 to be between $665 and $685 million.
Tailwinds
- Strong revenue growth
- Efficient marketing spend
- Increasing quarterly profitability on an adjusted EBITDA basis
- Expectation to have positive Adjusted EBITDA for the full year
- Focus on innovation and efficiency
Headwinds
- Operations are included only in live jurisdictions as of today’s date
- RSI continues to operate in markets in which it is live today, except for Connecticut.
- Changes in applicable laws or regulations
- RSI’s ability to manage and sustain growth
- RSI’s ability to execute its business plan, meet its projections and obtain relevant market access and/or gaming licenses
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+1.2%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+7.0%
Avg return
30 days after
50%
12 / 24 earnings
Positive
+18.6%
Q4 2023
Best reaction
-19.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | +4.3% | -9.5% | |
| Q4 2025 | +7.7% | +8.3% | +22.2% | |
| Q3 2025 | -6.7% | -7.6% | +1.5% | |
| Q1 2025 | -5.6% | -5.2% | +4.6% | |
| Q4 2024 | -15.3% | -15.1% | -18.6% | |
| Q3 2024 | +2.0% | +2.4% | +35.9% | |
| Q2 2024 | +7.9% | -5.0% | -6.1% | |
| Q1 2024 | +18.2% | +30.2% | +40.1% | |
| Q4 2023 | +18.6% | +9.7% | +33.1% | |
| Q3 2023 | +5.3% | +12.0% | +23.5% | |
| Q2 2023 | +15.6% | +9.6% | +19.7% | |
| Q1 2023 | -0.3% | +2.5% | +1.9% | |
| Q4 2022 | -8.4% | -8.8% | -25.8% | |
| Q3 2022 | -7.6% | -6.7% | -15.4% | |
| Q2 2022 | -3.9% | -10.0% | -19.6% | |
| Q1 2022 | -1.3% | -19.6% | -15.4% | |
| Q4 2021 | -19.3% | -22.7% | -27.8% | |
| Q3 2021 | +1.5% | +3.1% | -14.7% | |
| Q2 2021 | +3.8% | -5.0% | +20.6% | |
| Q1 2021 | -1.6% | +3.4% | +12.9% | |
| Q4 2020 | +18.0% | +26.9% | -2.9% | |
| Q3 2020 | +2.3% | +25.7% | +80.7% | |
| Q2 2020 | +0.9% | +0.7% | +26.9% | |
| Q1 2020 | -1.9% | -1.9% | -0.1% |
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