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Mar 31, 2022
Rush Street Q1 2022 Earnings Report
Announced first quarter 2022 results and raised full year 2022 guidance.
Key Takeaways
Rush Street Interactive reported a revenue of $134.9 million for the first quarter of 2022, representing a 21% increase compared to the first quarter of 2021. The company's net loss was $52.3 million, and they are raising full year revenue guidance to between $600 and $650 million.
Revenue was $134.9 million during the first quarter of 2022, an increase of 21% year-over-year.
Net loss was $52.3 million during the first quarter of 2022.
Real-Money Monthly Active Users (“MAUs”) in the United States for the first quarter of 2022 grew 32% year-over-year to over 150,000 with average revenue per MAU (“ARPMAU”) of $265 during the first quarter of 2022.
As of March 31, 2022, unrestricted cash and cash equivalents on the balance sheet were $232.2 million with no debt outstanding.
Rush Street
Rush Street
Forward Guidance
RSI expects revenues for the full year ending December 31, 2022 to increase to between $600 million to $650 million, up from its previous guidance of between $580 and $630 million.