NYSE$RSI

Rush Street Interactive Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2021 results, with Q4 revenue up 31% year-over-year.

Rush Street Interactive reported a revenue of $130.6 million for the fourth quarter of 2021, a 31% increase compared to the same period in 2020. The company's net loss was $38.1 million, and adjusted EBITDA was a loss of $31.2 million. They are initiating full year 2022 revenue guidance of between $580 and $630 Million.

  • Revenue was $130.6 million during the fourth quarter of 2021, an increase of 31% year-over-year.
  • Net loss was $38.1 million during the fourth quarter of 2021, compared to a net loss of $41.6 million during the fourth quarter of 2020.
  • Adjusted advertising and promotions expense was $64.0 million during the fourth quarter of 2021, compared to $23.1 million during the fourth quarter of 2020.
  • Real-Money Monthly Active Users in the United States for the fourth quarter of 2021 were up 28% year-over-year with average revenue per MAU of $327 during the fourth quarter of 2021.

Headline financials

Total Revenue

$131M

Previous: $100M+30.5%
EPS (adj)

-$0.15

Previous: -$0.01-1400.0%
Capital Expenditures

$1.86M

Previous: $963K+93.1%
Free Cash Flow

-$33.4M

Previous: $16.2M-306.3%
Net Income

-$38.1M

Previous: $1.86M-2147.7%
Operating Income

-$37.1M

Previous: -$130M+71.6%
Gross Profit

$44.1M

Previous: $27.9M+57.7%
Cash & Equivalents

$281M

Previous: $256M+9.9%
Total Assets

$409M

Previous: $309M+32.5%
Stock-Based Comp

$4.21M

Previous: $41.5M-89.9%

Revenue & EPS history

Rush Street · Revenue · Quarterly

$131M

Q4 2021+30.5%vs Q4 2020
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

RSI expects revenues for the full year ending December 31, 2022 to be between $580 and $630 million.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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