First Quarter 2024 Highlights
- Revenue – $217.4 million, up by 34%
- Net loss – $2.2 million, down from Q1 2023 net loss of $24.5 million
- Adjusted EBITDA – $17.1 million, Q1 2023 Adjusted EBITDA loss of $8.7 million
- Adjusted advertising and promotions expense – $37.8 million, down by 23%
- Monthly Active Users (“MAU”) in the United States and Canada – 176,000, up by 20% year-on-year
- MAUs in Latin America (which includes Mexico) – 224,000, up by 72%
- Average Revenue per Monthly Active User (“ARPMAU”) in the United States and Canada – $355, up by 9%
- ARPMAU in Latin America – $43, up by 4%
- Unrestricted cash and cash equivalents – $191 million.
Richard Schwartz, Chief Executive Officer of RSI, said:
Rush Street Reports 34% Increase in Revenues for Q1 2024 Rush Street Reports 34% Increase in Revenues for Q1 2024RSI forecasts that its revenue for the year ending December 31, 2024, will range from $810 million to $860 million. This updates the midpoint of their initial guidance by an increase of $35 million to $835 million. This midpoint figure represents an anticipated 21% increase in year-over-year growth, up from $691 million in 2023.
Jenny Tang
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.