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Jun 30, 2023
Rush Street Q2 2023 Earnings Report
Rush Street Interactive's Q2 2023 revenue increased by 15% year-over-year, achieving adjusted EBITDA profitability and raising full-year revenue guidance.
Key Takeaways
Rush Street Interactive (RSI) reported a 15% increase in revenue to $165.1 million for Q2 2023, compared to $143.7 million in Q2 2022. The company achieved adjusted EBITDA profitability of $1.2 million, a significant improvement from the $18.6 million loss in the same quarter last year. RSI also raised its full-year revenue guidance to a range of $650 to $690 million.
Revenue increased by 15% year-over-year, reaching $165.1 million in Q2 2023.
Net loss decreased to $16.7 million, compared to a net loss of $28.3 million in Q2 2022.
Adjusted EBITDA was a positive $1.2 million, a significant improvement from the $18.6 million loss in Q2 2022.
Full year 2023 revenue guidance was raised to between $650 and $690 million.
Forward Guidance
RSI expects revenue for the full year ending December 31, 2023 to be between $650 and $690 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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