NYSE$RSI

Rush Street Interactive Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported strong Q4 and record full year results, driven by growth in Latin American and new North American markets.

Rush Street Interactive (RSI) announced a 27% year-over-year increase in revenue for the fourth quarter of 2022, reaching $165.5 million. The company's net loss for the quarter was $31.1 million, an improvement compared to the $38.1 million loss in the same period of 2021. RSI is initiating full year 2023 revenue guidance of between $630 and $700 million and expects to achieve positive Adjusted EBITDA for the second half of 2023.

  • Q4 revenue reached $165.5 million, a 27% increase year-over-year.
  • Net loss for Q4 was $31.1 million, an improvement from $38.1 million in Q4 2021.
  • Real-Money Monthly Active Users (MAUs) in the US and Canada increased by 22% year-over-year, with an average revenue per MAU (ARPMAU) of $327.
  • Initiating full year 2023 revenue guidance of between $630 and $700 million.

Headline financials

Total Revenue

$166M

Previous: $131M+26.8%
EPS (adj)

-$0.11

Previous: -$0.15+26.7%
Capital Expenditures

$1.39M

Previous: $1.86M-25.5%
Free Cash Flow

-$9.08M

Previous: -$33.4M+72.8%
Net Income

-$31.1M

Previous: -$38.1M+18.4%
Operating Income

-$28.4M

Previous: -$37.1M+23.5%
Gross Profit

$58.9M

Previous: $44.1M+33.7%
Cash & Equivalents

$180M

Previous: $281M-35.9%
Total Assets

$350M

Previous: $409M-14.3%
Stock-Based Comp

$6.79M

Previous: $4.21M+61.4%

Revenue & EPS history

Rush Street · Revenue · Quarterly

$166M

Q4 2022+26.8%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

RSI expects revenues for the full year ending December 31, 2023 to be between $630 and $700 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 2022

Historical avgQ4 2022

+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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