Rush Street Interactive Inc Stock Price, News & Analysis

Rush Street Interactive, Inc. (NYSE: RSI) reported a robust third quarter revenue of $148 million, marking a 20% increase year-over-year and achieving fourteen consecutive quarters of sequential revenue growth. However, the company faced a net loss of $22.7 million, up from a net loss of $18.9 million in Q3 2021. The Adjusted EBITDA loss was $12.5 million. The company anticipates full-year revenue between $580 million and $600 million by year-end, despite currency challenges.

MAUs grew 31% year-over-year reaching 130,000, with average revenue per MAU at $345.

Rush Street Interactive (NYSE: RSI) will release its third quarter 2022 results on November 2, 2022, after market close. A conference call will be held at 5:00 PM ET to discuss the results. Interested parties can access the earnings press release and materials on ir.rushstreetinteractive.com. The company operates in the U.S., Canada, and Latin America through brands like BetRivers and PlaySugarHouse, providing real-money mobile and online gaming in thirteen U.S. states.

Rush Street Interactive, Inc. (NYSE: RSI) has signed Philadelphia sports radio host Mike Missanelli as a podcaster and brand ambassador for BetRivers. This exclusive deal will feature Missanelli's podcasts starting September 8, coinciding with the NFL season. He will also represent BetRivers on various platforms and at events in Philadelphia. CEO Richard Schwartz emphasized Missanelli's influence in Philadelphia sports, anticipating that his insights will enhance customer engagement and betting experiences.

Rush Street Interactive (RSI) has expanded its partnership with LaLiga, making RushBet the exclusive sportsbook partner across South America for the next three seasons. This deal grants RushBet rights to use LaLiga's branding and player imagery, as well as opportunities for customer engagement through meet-and-greets with ex-players and exclusive hospitality experiences. The arrangement aims to strengthen RushBet's brand presence in Latin America beyond Colombia and enhance customer experience with exciting offerings.

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) has established a 10-year partnership with Betr, becoming its official mobile sports-betting partner. This partnership allows HOFV to gain an equity stake in Betr, facilitating revenue sharing and cross-marketing opportunities. Betr focuses on micro-betting, enhancing the betting experience by allowing real-time betting during sports events. HOFV also plans to leverage its previous partnership with Rush Street Interactive to enhance digital betting experiences in Ohio.

Rush Street Interactive (NYSE: RSI) reported second-quarter 2022 revenue of $143.7 million, up 17% year-over-year from $122.8 million. Despite revenue growth, the company reported a net loss of $28.3 million, compared to $14.0 million in the same quarter of 2021. Adjusted EBITDA also saw a decline, with a loss of $18.6 million. The company has tightened its full-year revenue guidance to between $600 million and $630 million. Monthly active users increased by 35% to 133,000, reflecting strong market expansion in Ontario and Mexico.

Rush Street Interactive (NYSE: RSI) has partnered with Bingo World to launch a new BetRivers Sportsbook in Maryland, opening on August 1, 2022, at 12:00 PM ET. The sportsbook features 12 self-service kiosks, 3 over-the-counter machines, and a 3,000 square foot lounge area with 32 theater-style seats and 21 hi-def video screens. Notably, former Ravens player Qadry Ismail will place the first bet. This partnership aims to provide Maryland residents with an exciting sports betting experience, leveraging Bingo World's local reputation and RSI's award-winning platform.

Rush Street Interactive, Inc. (NYSE: RSI) announced it will disclose its Q2 2022 earnings on August 4, 2022, after market close. A conference call will follow at 5:00 PM ET for discussion. The earnings release and materials will be accessible on their investor relations website. Interested listeners can join via phone or online, with a replay available after the call until at least September 4, 2022.

RSI operates in regulated markets across the U.S., Canada, and Latin America, offering online gaming and sports betting.

Rush Street Interactive (NYSE: RSI) celebrates its sponsorship of the Frisco Fighters, who advanced to the Indoor Football League (IFL) playoffs in their second season. The Fighters posted a 14-2 record this year, a remarkable achievement for a new franchise. RSI's sponsorship includes brand placement and engagement opportunities, reflecting the company's commitment to local markets. Additionally, RSI launched its online sportsbook and casino in Mexico and was recognized as the 2022 EGR North American Operator of the Year.