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Rush Street Interactive (RSI)
NYSE:RSI
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -24.21%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, highlighting significant revenue and EBITDA growth, strong performance across North America and Latin America, and improvements in margin and cash position. Despite these successes, there are challenges related to tax changes in Colombia, potential tax increases in New Jersey, and slow iGaming legalization. The company remains optimistic about future growth and strategic initiatives.Company Guidance
In the recent earnings call for Rush Street Interactive, the company reported substantial growth across various metrics for the fiscal year 2024. The revenue increased by 34% year-over-year, and the company achieved an 11-fold increase in adjusted EBITDA. The fourth quarter alone saw a 31% rise in revenue to $254.2 million, with a gross profit margin of 36.5%. The company's user metrics also showed impressive growth, with North American monthly active users (MAUs) reaching a record 205,000, marking a 28% increase year-over-year, and Latin American MAUs surged by 71% to 348,000. The average revenue per monthly active user (ARPMAU) in North America rose to $346. For 2025, RSI projects revenue between $1.01 billion and $1.08 billion, marking a 13% growth at the midpoint, and expects adjusted EBITDA between $115 million and $135 million, indicating a 35% increase year-over-year. The guidance considers potential impacts from a new deposit tax in Colombia but anticipates ongoing growth through strategic investments and operational efficiencies.Record-Setting Revenue and EBITDA
Concluded the year with a record-setting quarter in both revenue and adjusted EBITDA, exceeding the high end of the most recent guidance. Full year 2024 revenue grew by 34% year-over-year.
Significant EBITDA Growth
Adjusted EBITDA for the full year increased more than 11 times compared to the prior year, reaching $92.5 million.
Strong Performance in North America and Latin America
North America online grew 29% and Latin America grew 54% year-over-year. MAUs in North America reached a record of 205,000, up 28% year-over-year. In Latin America, MAUs increased by 71% to 348,000.
Improved Gross Profit Margin
Gross profit margin increased to 36.5% in the fourth quarter, with a full-year improvement of over 200 basis points compared to the prior year.
Positive Outlook for 2025
Initiating full-year 2025 revenue guidance of $1.01 billion to $1.08 billion, representing a 13% year-over-year increase at the midpoint. Adjusted EBITDA expected to grow 35% year-over-year.
Strong Cash Position
Ended the year with $229 million in unrestricted cash and no debt, an increase of approximately $61 million for the year.
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RSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RSI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $13.30 | $11.27 | -15.26% |
| Oct 30, 2024 | $10.76 | $10.82 | +0.56% |
| Jul 31, 2024 | $10.01 | $10.77 | +7.59% |
| May 01, 2024 | $6.42 | $7.55 | +17.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rush Street Interactive (RSI) report earnings?
Rush Street Interactive (RSI) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Rush Street Interactive (RSI) earnings time?
Rush Street Interactive (RSI) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RSI EPS forecast?
RSI EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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