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Dec 31, 2024
Rush Street Q4 2024 Earnings Report
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.
Key Takeaways
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.
Rush Street
Rush Street
Rush Street Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.com 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.
Positive Outlook
- 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.
Challenges Ahead
- 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.