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Sep 30, 2021
Rush Street Q3 2021 Earnings Report
Announced third quarter 2021 results and raised full year 2021 guidance.
Key Takeaways
Rush Street Interactive reported a revenue of $122.9 million for the third quarter of 2021, representing a 57% increase compared to the third quarter of 2020. The company raised its full year 2021 revenue guidance to between $480 and $500 million.
Revenue was $122.9 million, up 57% year-over-year.
Net loss was $18.9 million, compared to a net loss of $26.5 million in the third quarter of 2020.
Real-Money Monthly Active Users (MAUs) in the United States were up 26% year-over-year with average revenue per MAU (ARPMAU) of $380.
Full Year 2021 Revenue Guidance Raised to between $480 and $500 Million.
Rush Street
Rush Street
Forward Guidance
RSI expects revenues for the full year ending December 31, 2021 to be between $480 and $500 million, up from its previous guidance of between $465 and $495 million.
Positive Outlook
- Operations only in live jurisdictions as of today’s date are included
- All professional and college sports calendars that have been announced come to fruition, including the completion of their 2021 seasons
- RSI continues to operate in markets in which it is live today
- New market access and launches have continued to be a significant driver of overall success
- Launched PlaySugarHouse online sportsbook in Connecticut
Challenges Ahead
- Changes in applicable laws or regulations
- RSI’s ability to manage growth
- RSI’s ability to execute our business plan and meet its projections
- Unanticipated product or service delays
- General economic and market conditions impacting the demand for RSI’s products and services