NEWS ER
Online casino and sports betting company Rush Street Interactive (NYSE:RSI) beat Wall Street’s revenue expectations in Q3 CY2024
Positive
Revenue grew 37% YoY to $232.1 million
Turned $13.4M loss into $3.2M net income YoY
Adjusted EBITDA increased over 5x to $23.4M
MAUs grew 28% in US/Canada and 122% in Latin America
Cash position improved to $216M from $194M QoQ
Announced $50M share repurchase program
Raised full-year guidance for both revenue and EBITDA
Revenue grew 37% YoY to $232.1 million
Turned $13.4M loss into $3.2M net income YoY
Adjusted EBITDA increased over 5x to $23.4M
MAUs grew 28% in US/Canada and 122% in Latin America
Cash position improved to $216M from $194M QoQ
Announced $50M share repurchase program
Raised full-year guidance for both revenue and EBITDA
Negative
Latin America ARPMAU decreased from $43 to $39 YoY
Advertising expenses increased 13% to $38.6M
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
2541Followers
107Following
28KVisitors
Follow