Rush Street Interactive

Rush Street Interactive, Inc. engages in developing, supplying, and operating regulated online gaming sites. It operates real-money online casino and sports wagering in New Jersey and Pennsylvania and also operates online sports wagering in Indiana, Colorado and Illinois. The company was founded by Neil Gary Bluhm, Gregory A. Carlin, and Richard Schwartz in 2012 and is headquartered in Chicago, IL.

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Rush Street Interactive reports record revenues and positive outlook for 2023

Rush Street Interactive (RSI) delivered strong revenue growth and profitability in 2022, with a positive outlook for 2023, focusing on innovation, user experience, and cost management.
While facing challenges such as EBITDA losses and increased G&A costs, RSI's strengths lie in its market share retention, efficient marketing spend, and technological advancements.
The company is well-positioned to capitalize on opportunities in existing and new markets, with a strategic approach to marketing costs and a commitment to driving growth and profitability.

Rush Street Interactive reports strong Q1 growth and eyes expansion

RSI's Q1 2023 showed strong revenue growth, improved margins, and reduced marketing expenses, aiming for positive EBITDA in the second half.
Maintaining a focus on sustainable profitability, RSI is evaluating expansion opportunities in South America and other potential markets.
Challenges include market competition and the impact of exiting Connecticut, with opportunities in Ontario, Michigan, and Latin America.
Strategic initiatives address brand recognition challenges and aim to drive player engagement through innovative online casino experiences.

Rush Street Interactive (RSI) beats Q2 expectations, eyes iGaming expansion

RSI delivered strong Q2 results, surpassing revenue expectations and highlighting profitability. The company's strategic focus on high-value players, technology innovation, and operational discipline drove growth. Raised guidance for the year and aims for adjusted EBITDA profitability in the second half of 2023.

Rush Street Interactive (RSI) excels in Q3, eyes Latin America expansion

Rush Street Interactive (RSI) delivered strong Q3 results with revenue growth, improved EBITDA, and market share gains. While facing industry shifts away from aggressive bonusing, RSI's customer-centric focus and product quality position it well for future growth in new markets and player acquisition.

Rush Street Interactive (RSI) excels in Q4, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial results, exceeding revenue guidance and showcasing growth in key markets like LATAM.
The company's strategic focus on expansion in emerging markets and operational efficiencies bode well for future growth and profitability.
While facing challenges in new markets like Delaware and Brazil, RSI's strengths in financial management and market differentiation position them for success.
RSI's proactive approach to evaluating opportunities and optimizing performance underscores their commitment to sustainable growth and stakeholder value.

Rush Street Interactive excels in Q1, faces valuation concerns

Rush Street Interactive's Q1 2024 earnings call highlighted impressive revenue growth, strong market performance, and strategic leadership decisions.
While facing valuation concerns and strategic queries, RSI remains focused on market expansion, user experience enhancement, and sustained profitability.
With a positive outlook for the year ahead, RSI aims to capitalize on growth opportunities, navigate challenges, and drive continued success in the iGaming industry.

Rush Street Interactive (RSI) excels in Q2, eyes LATAM expansion

Rush Street Interactive (RSI) delivered strong financial performance in Q2 2024, driven by revenue growth and profitability improvements. The company's strategic focus on diversification, market expansion, and customer acquisition yielded positive results, despite facing legislative and regulatory challenges. RSI's proactive approach to exploring new markets and optimizing marketing strategies positions it well for future growth and success.

Rush Street Interactive (RSI) reports record Q3 earnings and growth

RSI's Q3 2024 performance reflects robust growth, revenue diversification, and strong user engagement, underpinned by effective marketing strategies and product innovation.
While facing regulatory risks and market challenges, the company's strategic strengths in customer acquisition, loyalty programs, and financial management position it for continued success.
With raised guidance, expansion opportunities, and a focus on shareholder value, RSI demonstrates resilience and potential for sustained growth in the competitive gaming industry.

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Attributes 830% revenue growth to developing and operationalizing a proprietary online platform that delivers innovative and frictionless experiences to its casino and sportsbook customers Attributes 830% revenue growth to developing and operationalizing a proprietary online platform that delivers innovative and frictionless experiences to its casino and sportsbook customers

Rush Street Interactive Ranked Number 170 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

Rush Street Interactive, Inc. (NYSE:RSI ) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Kyle Sauers - CFO & Secretary Richard Schwartz - Co-Founder, CEO & Director Conference Call Participants Jordan Bender - JMP Securities David Katz - Jefferies Chad Beynon - Macquarie Research Joe Stauff - Susquehanna Financial Group Dan Politzer - Wells Fargo Securities Jed Kelly - Oppenheimer Operator Good day, ladies and gentlemen. Thank you for standing by.

Rush Street Interactive, Inc. (RSI) Q3 2023 Earnings Call Transcript

- Third Quarter Revenue of $170 Million, up 15% Year-over-Year - - Increased Adjusted EBITDA Profitability for the Second Consecutive Quarter - - Strong Performance Leads to Expectations to be Adjusted EBITDA Positive for Full Year 2023 - - Raising Full Year 2023 Revenue Guidance Midpoint with a Revised Range of Between $665 and $685 Million -

Rush Street Interactive Announces Third Quarter 2023 Results

CHICAGO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its third quarter 2023 results after the market close on Wednesday, November 1, 2023, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results.

Rush Street Interactive Announces Third Quarter 2023 Earnings Release Date

RSI's Prop Central Presents Player Props Bets for the Major Sports in One Easy and Consolidated Location CHICAGO , Sept. 7, 2023 /PRNewswire/ -- As the NFL readies to kick into high gear, the BetRivers and PlaySugarHouse sportsbooks are offering props bettors a real treat starting this fall.

BETRIVERS LAUNCHES PROP CENTRAL TO KICK OFF THE FOOTBALL SEASON

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CHICAGO, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced that it has been selected by the Delaware State Lottery as its vendor for the state's online gaming business. RSI will provide state-of-the-art online gaming in Delaware for an initial term of 5 years, renewable for additional 1-year terms for an additional 5 years pending regulatory approvals.

Rush Street Interactive Selected by Delaware Lottery as Its Vendor for Online Gaming Operations

Rush Street Interactive, Inc. (RSI) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.13 per share a year ago.

Rush Street Interactive, Inc. (RSI) Reports Q2 Loss, Tops Revenue Estimates

Rush Street Interactive, Inc. (NYSE:RSI ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Kyle Sauers - Chief Financial Officer Richard Schwartz - Chief Executive Officer Conference Call Participants Zach Silverberg - Wells Fargo Jordan Bender - JMP Securities Aaron Lee - Macquarie Jed Kelley - Oppenheimer Edward Engel - ROTH MKM Ara Masias - Jefferies Operator Good day, ladies and gentlemen. Thank you for standing by.

Rush Street Interactive, Inc. (RSI) Q2 2023 Earnings Call Transcript

- Second Quarter Revenue of $165.1 Million, up 15% Year-over-Year - - Achieved Adjusted EBITDA Profitability for the Quarter - - Raising Full Year 2023 Revenue Guidance Midpoint with a Revised Range of between $650 and $690 Million -

Rush Street Interactive Announces Second Quarter 2023 Results

CHICAGO, July 12, 2023 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its second quarter 2023 results after the market close on Wednesday, August 2, 2023, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results.

Rush Street Interactive Announces Second Quarter 2023 Earnings Release Date

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Rush Street has a proprietary online gaming platform that allows for quick implementation of new features and improved player experience, potentially leading to higher ARPU. RSI's 1Q23 results showed a significant improvement in adj. EBITDA margin, suggesting the company is on track to become profitable in the near future. RSI stock's current valuation is attractive compared to peers, and as profitability becomes evident, the share price is expected to rise.

Rush Street Interactive: Valuation To Inflect Once Stock Prints Positive Adj. EBITDA

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TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or “the Company”), today announced that it has launched its new content and technology with Rush Street Interactive, Inc. (NYSE: RSI) (“Rush Street” or “RSI”) in Pennsylvania. This launch, which builds on the Company's Spin Games content that is already live in the state, introduces the Company's new, proprietary Bragg Studios content to a large and growing U.S. jurisdiction. This demonstrates continued progress wit.

Bragg Gaming Extends New Content Rollout to Pennsylvania via Launch at Rush Street Interactive's BetRivers

Rush Street Interactive's TV game show creates "Studio 52" as a home base for poker creators and VIP players LAS VEGAS , May 8, 2023 /PRNewswire/ -- Poker Night in America ("PNIA"), the flagship cash game television show produced by Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), is raising the stakes for TV poker and the Las Vegas poker scene. After nine seasons of filming in some of America's most prestigious card rooms, PNIA has set up shop in a 10,000-square foot private mansion in Las Vegas where the new 'Studio 52' will broadcast innovative gaming content beginning May 15th—with a little help from some friends.

POKER NIGHT IN AMERICA LAUNCHES FIRST-OF-ITS-KIND "POKER RESIDENCY" IN LAS VEGAS MANSION

Rush Street Interactive, Inc. (NYSE:RSI ) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Kyle Sauers - CFO Richard Schwartz - CEO Conference Call Participants Chad Beynon - Macquarie Jed Kelly - Openheimer Dan Politzer - Wells Fargo David Katz - Jeffries Jordan Bender - JMP Securities Edward Engel - ROTH MKM Mike Hickey - Benchmark Company Operator Good day, ladies and gentlemen. Thank you for standing by.

Rush Street Interactive, Inc. (RSI) Q1 2023 Earnings Call Transcript

Rush Street Interactive, Inc. (RSI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.24 per share a year ago.

Rush Street Interactive, Inc. (RSI) Reports Q1 Loss, Tops Revenue Estimates

- First Quarter Revenue of $162.4 Million, up 20% Year-over-Year - CHICAGO, May 03, 2023 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights Revenue was $162.4 million during the first quarter of 2023, an increase of 20%, compared to $134.9 million during the first quarter of 2022.

Rush Street Interactive Announces First Quarter 2023 Results

CHICAGO, May 01, 2023 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), which operates the BetRivers brand, has been named Customer Services Operator of the Year at the EGR North America Awards 2023. Since the inception of this prestigious customer services category, RSI has claimed the top spot every year four years running.

Rush Street Interactive Crowned Customer Services Operator of the Year at 2023 EGR North America Awards

CHICAGO, April 18, 2023 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its first quarter 2023 results after the market close on Wednesday, May 3, 2023, followed by a conference call at 5:00 pm Eastern Time (4:00 pm Central Time) to discuss the results.

Rush Street Interactive Announces First Quarter 2023 Earnings Release Date

CHICAGO--(BUSINESS WIRE)--ODDSworks, Inc., a North American leader in Remote Gaming Server technology and interactive content, announced today that it has partnered with Rush Street Interactive (NYSE: RSI) (“RSI”), a U.S.-based gaming company, to deploy its BETguard™ Remote Gaming Server (RGS) platform and proprietary and third-party content for the first time in New Jersey on BetRivers app.

Rush Street Interactive is First to Launch ODDSworks content in New Jersey on BetRivers App

The online gaming industry has seen significant growth recently due to increasing legalization and privatization, as well as rising consumer use of digital entertainment platforms. RSI reported strong revenue growth in 4Q22 and management's upbeat stance on iGaming legislation highlights the potential for even greater revenue growth in the future.

Rush Street Interactive: Potential For Even Greater Revenue Growth

- Exclusively at BetRivers, players in Michigan have a chance to win their share of $1 million in guaranteed bonus money – CHICAGO, IL , April 3, 2023 /PRNewswire/ - Rush Street Interactive, Inc. (NYSE:RSI) ("RSI"), one of the most trusted and fastest-growing online casino and sports betting gaming companies in the United States and Canada, is taking slot tournaments to a whole new level with the launch of the BetRivers Michigan Million™ Online Slot Tournament. BetRivers Michigan Million players will have the opportunity to play a popular slot game, earning tournament points and experiencing the excitement of the tournament's real-time leaderboard.

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