Welcome to our dedicated page for Rush Street Interactive news (Ticker: RSI), a resource for investors and traders seeking the latest updates and insights on Rush Street Interactive stock.
Rush Street Interactive, Inc. (NYSE: RSI) is a prominent player in the online gaming and sports entertainment industry, specializing in online casinos and sports betting. Founded in 2012 and headquartered in Chicago, Illinois, Rush Street Interactive has established itself as a trusted provider in both the United States and Latin American markets.
RSI offers a diverse range of gaming options, including real-money online casinos, online sports betting, and retail sports betting. Additionally, the company caters to the growing demand for social gaming, providing free-to-play games that utilize virtual credits. RSI’s revenue model is driven by both business-to-consumer (B2C) and business-to-business (B2B) operations, making their comprehensive suite of products accessible through their websites and mobile apps.
In recent developments, Rush Street Interactive has made significant strides in expanding its market presence. Notable achievements include a partnership with Evolution to enter the Delaware market, enhancing the company's game offerings with online slots from brands such as NetEnt, Red Tiger, and Big Time Gaming. This collaboration highlights RSI's commitment to meeting the expanding demands of the U.S. market.
The company has also ventured into the sports arena with a title sponsorship for the NASCAR Xfinity Series Dash 4 Cash race at Dover Motor Speedway. This marks a historical moment as it allows fans in Delaware to place mobile sports wagers during the event. The partnership underscores RSI's dedication to delivering top-tier entertainment experiences and supporting local communities.
Financially, RSI has shown resilience and adaptability. The company's latest financial reports indicate continued growth, with adjustments for non-GAAP financial measures providing a clearer picture of their operational performance. RSI’s ability to innovate and adapt has earned them multiple industry accolades, including the 2023 EGR North America Awards Customer Services Operator of the Year and the 2021 SBC Latinoamérica Awards Sportsbook Operator of the Year.
Rush Street Interactive continues to drive forward, leveraging strategic partnerships and technological advancements to maintain its position as a leader in the online gaming and sports betting industry. For more information and updates, visit www.rushstreetinteractive.com.
Rush Street Interactive (NYSE: RSI) announced that it will release its second quarter 2024 earnings results on July 31, 2024, after market close. Following the release, a conference call will be held at 6:00 pm ET (5:00 pm CT) to discuss the results. The earnings release and related materials will be accessible on the RSI investor relations website. The conference call can be joined via webcast or by dialing specified phone numbers, using access code 340374. An audio replay of the call will be available on the investor relations website until at least August 31, 2024.
Rush Street Interactive (NYSE: RSI), a prominent US-based online gaming company, has been awarded the Customer Services Operator of the Year for the fifth consecutive time at the EGR North America Awards 2024. The EGR Awards are esteemed accolades within the online gaming sector, celebrating operators with exceptional performance. CEO Richard Schwartz attributes this success to RSI's commitment to building trust and ensuring a seamless player experience through innovative and responsive customer service. The award underlines RSI's competitive edge in player retention due to its excellent service.
Rush Street Interactive, Inc. (NYSE: RSI) will participate at the Needham Technology, Media, & Consumer Conference where CEO Richard Schwartz and CFO Kyle Sauers will have a fireside chat on May 16, 2024. The event will be webcasted on the company's website.
Infront Bettor and Rush Street Interactive Inc (NYSE: RSI) have entered into a strategic partnership, granting access to Infront's official ITF data for tennis events and streams from 2025. The agreement includes access to data from over 58,000 matches from various tennis competitions, as well as video streams from soccer, basketball, and ice hockey events. This collaboration aims to enhance the betting experience for customers of RSI's BetRivers and RushBet brands in North and Latin America. The partnership signifies a significant expansion of Infront Bettor's presence in the US betting market and aims to provide top-tier global sports events to fans.
Rush Street Interactive, Inc. (NYSE: RSI) reported a first quarter revenue of $217 million, a 34% increase year-over-year. Despite a net loss of $2 million, the company achieved strong operating momentum with an Adjusted EBITDA of $17 million. RSI raised its full-year 2024 Adjusted EBITDA guidance by 38% to a range of $50 to $60 million. The company highlighted growth in iCasino and Online Sports businesses, increased MAUs, and improved ARPMAU. RSI expects revenue for 2024 to be between $810 and $860 million, with Adjusted EBITDA projected to be between $50 and $60 million.
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