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Dec 31, 2022
Rush Street Q4 2022 Earnings Report
Reported strong Q4 and record full year results, driven by growth in Latin American and new North American markets.
Key Takeaways
Rush Street Interactive (RSI) announced a 27% year-over-year increase in revenue for the fourth quarter of 2022, reaching $165.5 million. The company's net loss for the quarter was $31.1 million, an improvement compared to the $38.1 million loss in the same period of 2021. RSI is initiating full year 2023 revenue guidance of between $630 and $700 million and expects to achieve positive Adjusted EBITDA for the second half of 2023.
Q4 revenue reached $165.5 million, a 27% increase year-over-year.
Net loss for Q4 was $31.1 million, an improvement from $38.1 million in Q4 2021.
Real-Money Monthly Active Users (MAUs) in the US and Canada increased by 22% year-over-year, with an average revenue per MAU (ARPMAU) of $327.
Initiating full year 2023 revenue guidance of between $630 and $700 million.
Rush Street
Rush Street
Forward Guidance
RSI expects revenues for the full year ending December 31, 2023 to be between $630 and $700 million.