NYSE$RSI

Rush Street Interactive Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Rush Street Interactive, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, reporting significant increases in revenue and adjusted EBITDA.

Rush Street Interactive reported a strong fourth quarter in 2024, with revenue increasing by 31% year-over-year to $254.2 million and adjusted EBITDA surging by 166% to $30.6 million. The company also achieved net income of $6.5 million, a significant improvement from a net loss in the prior year.

  • Fourth Quarter Revenue increased by 31% year-over-year to $254.2 million.
  • Net income for the fourth quarter was $6.5 million, compared to a net loss of $5.5 million in the prior year.
  • Adjusted EBITDA for the fourth quarter grew by 166% year-over-year to $30.6 million.
  • Monthly Active Users (MAU) in the United States and Canada increased by 28% year-over-year to approximately 205,000, while Latin America MAUs grew by 71% year-over-year to approximately 348,000.

Headline financials

Total Revenue

$254M

Previous: $194M+31.1%
EPS (adj)

$0.07

Previous: $0.01+600.0%
Adjusted EBITDA

$30.6M

Previous: $11.5M+165.8%
US & Canada Monthly Active Users

202.9K

No prior period
Latin America Monthly Active Users

335.4K

No prior period
Net Income

$6.49M

Previous: -$5.5M+218.0%
Operating Income

$12.1M

Previous: -$3.53M+443.5%

Revenue & EPS history

Rush Street · Revenue · Quarterly

$254M

Q4 2024+31.1%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Rush Street Interactive is initiating full year 2025 revenue guidance between $1,010 million and $1,080 million, and Adjusted EBITDA guidance between $115 million and $135 million, reflecting continued growth and profitability.

Tailwinds

  • Expected revenue of $1,010 million to $1,080 million for full year 2025, representing 13% year-over-year growth at the midpoint.
  • Expected Adjusted EBITDA of $115 million to $135 million for full year 2025, representing 35% year-over-year growth at the midpoint.
  • Confidence in maintaining momentum from strong 2024 performance.
  • Investments in technology, strategic partnerships, and customer experience are expected to drive sustained growth.
  • Focus on efficient player acquisition and maintaining industry-leading player values.

Headwinds

  • Guidance ranges are based on certain assumptions, including operations only in live jurisdictions as of today's date.
  • Assumes RSI continues to operate in markets with similar tax structures.
  • Forward-looking statements are subject to significant risks and uncertainties.
  • Actual results may differ materially from expectations due to factors outside RSI's control.
  • No assurance that all components of the Adjusted EBITDA calculation can be predicted.

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 2024

Historical avgQ4 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

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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