NYSE$RSI
Rush Street Interactive Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Rush Street reported Q4 2023 earnings with revenue up 17% year-over-year and a net loss of $5.5 million.
Rush Street Interactive announced strong fourth-quarter results with a 17% increase in revenue to $193.9 million and a significant improvement in adjusted EBITDA to $11.5 million, compared to a loss in the previous year. The company's full-year revenue also increased by 17% to $691.2 million. They provided FY2024 revenue guidance between $770 and $830 million and Adjusted EBITDA guidance between $35 and $45 million.
- Revenue increased by 17% year-over-year to $193.9 million.
- Net loss improved to $5.5 million, compared to a $31.1 million loss in the previous year.
- Adjusted EBITDA was $11.5 million, a significant improvement from the previous year's loss of $17.3 million.
- Adjusted advertising and promotions expense decreased by 45% to $34.6 million.
Headline financials
Revenue & EPS history
Rush Street · Revenue · Quarterly
$194M
Forward guidance
Rush Street Interactive anticipates revenue between $770 and $830 million and Adjusted EBITDA between $35 and $45 million for the full year 2024.
Tailwinds
- Strong Q4 2023 performance.
- Continued momentum into the new year.
- Customer-centric principles.
- Obsession with developing innovative and differentiated user experiences.
- Substantial cash balance and no debt.
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.
- Potential changes in applicable laws or regulations.
- RSI’s ability to manage and sustain growth.
- General economic and market conditions impacting the demand for RSI’s products and services.
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 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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