Rush Street Interactive Inc Stock Price, News & Analysis

Rush Street Interactive (NYSE: RSI) has been awarded Casino Operator of the Year at the 2024 SBC Latinoamérica Awards, recognizing its exceptional growth and commercial success in Latin America. CEO Richard Schwartz emphasized the company's strategic focus on regional expansion and superior gaming experience delivery. RSI has expanded its Latin American footprint by launching operations in new markets and introducing innovative gaming products tailored to local preferences. The company's success is attributed to its commitment to customer service, responsible gaming, and seamless gaming experience.

Rush Street Interactive (NYSE: RSI) has launched its proprietary online poker platform in Pennsylvania, developed in partnership with professional poker player Phil Galfond. The BetRivers Poker platform features cash games, tournaments, and innovative elements like Dynamic Avatars and Cub3d Sit and Go Tournaments. The platform integrates with Rivers Casino poker rooms in Pittsburgh and Philadelphia, offering a connected online and retail experience. The platform boasts among the lowest rake in Pennsylvania and is integrated into the iRush Rewards program. The launch includes collaboration with Poker Night in America series, with plans for expansion into additional jurisdictions.

Rush Street Interactive (NYSE: RSI) reported strong Q3 2024 results with revenue reaching $232.1 million, up 37% year-over-year. The company achieved net income of $3.2 million, compared to a net loss of $13.4 million in Q3 2023. Adjusted EBITDA increased significantly to $23.4 million, up from $4.1 million last year. Monthly Active Users grew 28% in US/Canada and 122% in Latin America. The company raised its full-year 2024 guidance, expecting revenue between $900-920 million and Adjusted EBITDA between $82-86 million. Additionally, RSI announced a $50 million share repurchase authorization.

Rush Street Interactive (NYSE: RSI) has launched PropPacks, an innovative digital game feature for the NBA season at BetRivers Sportsbook. Customers who place $10+ on qualifying Same Game Parlays receive up to three PropPacks per game at no extra cost. The game offers three tiers of player cards (bronze, silver, and gold) with potential payouts up to $10,000 in Bonus Credits. Props are available for 20+, 30+, 40+, and 50+ point totals, with higher prizes for each threshold. Additionally, BetRivers is offering NBA Parlay Insurance, pre-season NBA Futures Bet & Get offers, and BetRivers Squares for NCAA College Basketball games.

Rush Street Interactive (NYSE: RSI) has announced the release date for its third quarter 2024 earnings report. The company will disclose its financial results on Wednesday, October 30, 2024, after the market closes. Following the release, RSI will host a conference call at 6:00 pm Eastern Time (5:00 pm Central Time) to discuss the quarterly performance.

Investors and interested parties can access the earnings press release and related materials on RSI's investor relations website. To participate in the audio webcast and live Q&A session, individuals can visit the same website or dial in using the provided phone numbers. The conference call access code is 941616. An audio replay of the webcast will be available on the investor relations website until at least November 30, 2024.

Rush Street Interactive (NYSE: RSI) has unveiled an enhanced iRush Rewards Loyalty Program for BetRivers and PlaySugarHouse players. The revamped program offers:

• Easier earning and redeeming of rewards
• Longer maintenance of status and benefits
• Expanded selection of perks including cruises, luxury gifts, and vacation packages

Key enhancements include:New premium tiered system (Gold, Platinum, Black), three types of points (Loyalty, Bonus Store, Tier), extended tier benefits (up to one year), simplified point earning system, and a new streamlined user interface. The program aims to improve player retention and add value to the player experience, reflecting RSI's player-first philosophy.

Rush Street Interactive (NYSE: RSI), a leading online casino and sports betting company, announced its participation in Oppenheimer's Technology, Internet & Communications Conference. CEO Richard Schwartz will present on August 13, 2024, at 9:05 a.m. Eastern Time.

The presentation will be accessible via a video webcast in listen-only mode through the 'Investors' section of RSI's website. A replay will be available for 90 days following the event. This conference provides RSI an opportunity to showcase its position in the online gaming industry and potentially discuss its growth strategies and market outlook.

Rush Street Interactive (NYSE: RSI), a leading online casino and sports betting company, has reaffirmed its commitment to customer-centric policies by announcing it has no plans to implement a customer surcharge. This decision aligns with RSI's dedication to providing exceptional value to players.

RSI's customer-first approach is highlighted by its recent accolade as the EGR North America Customer Services Operator of the Year for the fifth consecutive year. The company's focus on customer satisfaction is further exemplified by its best-in-class rewards and loyalty programs, designed to drive long-term player retention and build trust.

CEO Richard Schwartz emphasized RSI's commitment to maintaining industry leadership by prioritizing player needs and preferences, setting a benchmark for excellence in online gaming.

Rush Street Interactive (NYSE: RSI) reported strong Q2 2024 results, with revenue reaching $220.4 million, up 34% year-over-year. The company narrowed its net loss to $0.3 million from $16.7 million in Q2 2023. Adjusted EBITDA surged to $21.4 million, compared to $1.2 million in the same period last year. Monthly Active Users (MAU) in the US and Canada increased by 24% to 164,000, while Latin American MAUs grew 79% to 288,000.

RSI raised its full-year 2024 guidance, projecting revenue between $860 and $900 million (27% YoY growth at midpoint) and Adjusted EBITDA between $64 and $72 million. The company's strategic initiatives have led to balanced growth across iCasino and online sports betting in existing and new markets, with strong performance in Pennsylvania, New Jersey, Michigan, and Delaware.