NYSE$RSI
Rush Street Interactive Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported record revenue and adjusted EBITDA, and raised full year guidance.
Rush Street Interactive announced strong Q3 2024 results with a 37% increase in revenue to $232.1 million and a net income of $3.2 million, compared to a net loss in the same quarter last year. Adjusted EBITDA increased significantly to $23.4 million. The company raised its full-year Adjusted EBITDA guidance by 24% and announced a $50 million share repurchase authorization.
- Revenue increased by 37% year-over-year to $232.1 million.
- Net income was $3.2 million, a significant improvement from the prior year's net loss of $13.4 million.
- Adjusted EBITDA increased to $23.4 million, compared to $4.1 million in the third quarter of 2023.
- Full year 2024 Adjusted EBITDA guidance was raised by 24% at the midpoint, with a revised range of $82 to $86 million.
Headline financials
Revenue & EPS history
Rush Street · Revenue · Quarterly
$232M
Forward guidance
RSI expects full year 2024 revenue to be between $900 and $920 million and Adjusted EBITDA to be between $82 and $86 million.
Tailwinds
- Revenue is expected to be between $900 and $920 million for the full year 2024.
- The midpoint of the revenue guidance represents a 32% year-over-year growth compared to 2023.
- Adjusted EBITDA is expected to be between $82 and $86 million for the full year 2024.
- The midpoint of the Adjusted EBITDA guidance compares to $8.2 million in 2023.
- Guidance is based on operations in live jurisdictions as of today.
Headwinds
- Guidance includes only operations in live jurisdictions as of today's date.
- Guidance assumes RSI continues to operate in markets in which it is live today.
- Unforeseen circumstances could impact the ability to achieve these results.
- Changes in regulations could impact the ability to achieve these results.
- The company is exposed to general economic and market conditions.
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 2024
+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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