Rush Street Interactive, Inc. (NYSE:RSI) Q4 2023 Earnings Conference Call March 6, 2024 5:00 PM ET Company Participants Kyle Sauers - CFO Richard Schwartz - CEO Conference Call Participants Bernie McTernan - Needham & Company Josh Marin - Oppenheimer Jordan Bender - Citizens JMP Securities Chad Beynon - Macquarie Capital Ara Masias - Jefferies Ryan Sigdahl - Craig-Hallum Mike Hickey - The Benchmark Company Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to Rush Street Interactive ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023, OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______________ TO Commission File Number 001-39232 RUSH STREET INTERACTIVE, INC. (Exact name of registrant as specified in its charter) Delaware 84-3626708 (State or other jur ...

Revenue Performance - Q4 2023 revenue was $193.9 million, a 17% increase compared to $165.5 million in Q4 2022[5] - Full year 2023 revenue reached $691.2 million, up 17% from $592.2 million in 2022[5] - Revenue for Q4 2023 increased to $193.851 million, up 17.1% from $165.534 million in Q4 2022[24] - Full-year revenue for 2023 reached $691.161 million, a 16.7% increase from $592.212 million in 2022[24] - Latin America revenue increased over 50% for the full year 2023[5] Net Loss and Profitability - Q4 2023 net loss was $5.5 million, significantly improved from a net loss of $31.1 million in Q4 2022[5] - Full year 2023 net loss was $60.1 million, compared to a net loss of $134.3 million in 2022[5] - Net loss for Q4 2023 improved to $5.455 million, compared to a net loss of $31.059 million in Q4 2022[24] - Comprehensive loss attributable to Rush Street Interactive, Inc. for Q4 2023 was $1.140 million, improved from $9.604 million in Q4 2022[27] Adjusted EBITDA - Q4 2023 Adjusted EBITDA was $11.5 million, a $28.8 million improvement from an Adjusted EBITDA loss of $17.3 million in Q4 2022[5] - Adjusted EBITDA for Q4 2023 was $11.513 million, a significant improvement from a loss of $17.316 million in Q4 2022[29] User Metrics - Monthly Active Users (MAUs) in the U.S. and Canada were approximately 160,000, up 7% year-over-year, while MAUs in Latin America reached 204,000, up 33% year-over-year[5] - Average Revenue per Monthly Active User (ARPMAU) in the U.S. and Canada was $345, up 5% year-over-year, and $42 in Latin America, up 28% year-over-year[5] Financial Guidance - Full year 2024 revenue guidance is projected between $770 million and $830 million, representing 16% year-over-year growth at the midpoint[11] - Full year 2024 Adjusted EBITDA guidance is expected to be between $35 million and $45 million, reflecting over 390% year-over-year growth at the midpoint[11] Expenses and Compensation - Advertising and promotions expenses decreased to $35.125 million in Q4 2023, down 44.8% from $63.666 million in Q4 2022[24] - Share-based compensation expense for Q4 2023 was $7.425 million, up 9.4% from $6.790 million in Q4 2022[29] Adjusted Net Income and Earnings Per Share - Adjusted net income for Q4 2023 was $1.970 million, compared to an adjusted net loss of $24.269 million in Q4 2022[33] - Adjusted earnings per share for Q4 2023 was $0.01, compared to an adjusted loss per share of $0.11 in Q4 2022[33] Share Metrics - Weighted average common shares outstanding increased to 71.601 million in Q4 2023, up 11.4% from 64.273 million in Q4 2022[24]

Rush Street Interactive, Inc. (RSI) is scheduled to release fourth-quarter 2023 results on Mar 6, after market close.In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 50% and 3.8%, respectively. Also, both metrics improved on a year-over-year basis.The Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for loss per share has remained unchanged at 6 cents in the past 30 days. In the prior-year quarter, RSI reported a los ...

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CHICAGO, Jan. 11, 2024 (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 that Richard Schwartz, Chief Executive Officer, and Kyle Sauers, Chief Financial Officer, will participate in a fireside chat at Needham's Growth Conference on Tuesday, January 16, 2024 at 1:30 p.m. Eastern Time. Access to the video webcast of the presentation in listen-only mode will be available th ...

CHICAGO and DOVER, Del., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Following a successful soft launch on December 27, the Delaware Lottery today announced the launch of its first online sportsbooks along with the relaunch of its three online casinos (Delaware Park, Bally's Dover Casino, and Harrington Raceway & Casino), ushering in a new era of online gaming in the First State. The new online casinos and online sportsbooks are powered by Rush Street Interactive, Inc. (NYSE:RSI) ("RSI"), a leading US-based gaming co ...

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. Welcome to the Rush Street ...

125+ Years of Collective C-Suite Industry Experience Chief Financial Officer Chief Information Officer Years of Gaming Experience 21 3 20 18 38 8 20 1 • Chief Information Officer / Chief Technology Officer since 2013 • Oversees RSI Product, Engineering and IT / Communications teams and RSI's European teams • Former Head Architect at Playtech Estonia and Co-founder of Oryx Gaming (now Bragg Gaming Group) • Senior Administrative, Commercial Sales & Business Development Executive • 20+ years in Global iGaming, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______to_______ Commission file number: 001-39232 Rush Street Interactive, Inc. (Exact name of registrant as specified in its charter) (State or ot ...