Rush Street Interactive, Inc. (RSI) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.07, delivering a surprise of -22.22%.Over the last four quarters ...

Financial Data and Key Metrics Changes - The company's first quarter revenue was $262 million, representing a 21% year-over-year increase, while adjusted EBITDA was $33.2 million, nearly double compared to the same period last year [6][21]. - Gross profit margins increased by 125 basis points year-over-year to 34.9%, driven by revenue diversification and higher growth in more profitable markets [23]. - Marketing spend was $38.8 million, or 15% of revenue, down from 17% in the previous year, indicating improved marketing efficiency [24]. Business Line Data and Key Metrics Changes - Online casino revenue grew by 25% year-over-year, while sports betting revenue increased by 11% [6][21]. - In North America, monthly active users (MAUs) grew by 17% year-over-year, with an average revenue per monthly active user (ARPMAU) of $368, up 3% year-over-year [21]. - In Latin America, MAUs increased by 61% year-over-year, reaching a new quarterly record of 354,000 [22]. Market Data and Key Metrics Changes - North American markets saw revenue growth in 15 out of 16 online markets, with Michigan revenue up 40% and Delaware exceeding 80% growth [11][12]. - In Colombia, gross gaming revenue (GGR) was up 55% in local currency, despite a temporary 19% VAT on player deposits [12][13]. - The company anticipates that the Colombian VAT tax will impact net revenue but expects significant upside if the tax is removed [27][52]. Company Strategy and Development Direction - The company focuses on innovation and enhancing player experience to attract and retain high-value players [6][8]. - The iGaming Alberta Act is progressing, which could open new opportunities for online gaming in Alberta, transitioning from a monopoly to a regulated market [15]. - The company is well-positioned in the online casino and sports betting space, emphasizing the importance of legalizing online casinos for state revenue generation [16][17]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges, including the impact of the VAT tax in Colombia, while maintaining strong player activity and market share [12][42]. - The company remains optimistic about growth opportunities in existing markets and potential expansion into new international markets [76][78]. - Management reiterated full-year revenue guidance of $1.1 billion to $1.8 billion, with adjusted EBITDA expected between $115 million and $135 million, reflecting a 35% year-over-year increase [27][28]. Other Important Information - The company ended the quarter with $228 million in unrestricted cash and no debt, generating approximately $25 million in cash during the quarter [25][26]. - The company repurchased approximately 500,000 shares at an average price of $10.35 under its share repurchase program [27]. Q&A Session Summary Question: Insights on Colombia's competitive landscape and market share - Management confirmed that they are bonusing at higher rates to offset the VAT tax, similar to competitors, and expressed confidence in retaining or growing market share despite the challenges [31][32]. Question: Growth expectations for Delaware in 2025 - Management expects continued growth in Delaware, although growth rates may slow as the market matures, with potential for significant future revenue growth [35][36]. Question: Adjustments to business model in Colombia - Management is continuously adjusting strategies to maximize net revenue in Colombia, including reducing marketing spend and monitoring competitor actions [40][41]. Question: Impact of Pennsylvania joining the multistate Internet gaming agreement - Management expressed excitement about the launch in Pennsylvania and the potential for increased player liquidity across platforms [44][45]. Question: Marketing leverage in a competitive environment - Management attributed marketing leverage to a focus on customer experience and differentiation, allowing the company to maintain a reasonable customer acquisition cost [58][60]. Question: Guidance for revenue growth in 2025 - Management indicated that revenue growth may decelerate in Q2 and Q3 compared to Q1, with Q4 expected to be the strongest quarter of the year [62][63]. Question: Tax impact from Colombia on EBITDA - Management noted that the VAT tax has significantly impacted net revenue, but GGR growth remains strong, indicating potential for future revenue growth once the tax is removed [93][95].

RUSH STREET INTERACTIVE ANNOUNCES FIRST QUARTER 2025 RESULTS AND REITERATES FULL YEAR GUIDANCE - First Quarter Revenue of $262 Million, up 21% Year-over-Year - - First Quarter Net Income of $11 Million - - First Quarter Adjusted EBITDA exceeds $33 Million, up 95% Year-over-Year - - Reiterating Full Year 2025 Adjusted EBITDA Guidance Range of Between $115 and $135 Million, +35% growth at the midpoint - CHICAGO – April 30, 2025 – Rush Street Interactive, Inc. (NYSE: RSI) ("RSI"), a leading online casino and s ...

- First Quarter Revenue of $262 Million, up 21% Year-over-Year -- First Quarter Net Income of $11 Million -- First Quarter Adjusted EBITDA exceeds $33 Million, up 95% Year-over-Year -- Reiterating Full Year 2025 Adjusted EBITDA Guidance Range of Between $115 and $135 Million, +35% growth at the midpoint - CHICAGO, April 30, 2025 (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 an ...

MONTREAL, April 22, 2025 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) will be holding a conference call to discuss their 2025 second quarter results on Tuesday, May 13, 2025, at 8:00 a.m. (Eastern Time). The conference call will be chaired by Mr. Michael Walton, Chief Executive Officer and Mr. Jean-Sébastien Couillard, Chief Financial Officer. If you wish to participate, please dial 1-800-717-1738. A recording of the conference call will be accessible shortly after the conference, by dialing 1-888-660-6264, ...

CHICAGO, April 10, 2025 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”) today announced that it will release its first quarter 2025 results after the market close on Wednesday, April 30, 2025, followed by a conference call at 6:00 pm Eastern Time (5:00 pm Central Time) to discuss the results. RSI’s earnings press release and related materials will be available at ir.rushstreetinteractive.com. To listen to the audio webcast and live Q&A, please visit RSI’s investor relations website at ...

Financial Performance - The company reported a net income of $7.236 million for the year ended December 31, 2024, compared to a net loss of $60.055 million in 2023 and $134.332 million in 2022[381]. - Adjusted EBITDA for 2024 was $92.539 million, a significant increase from $8.168 million in 2023 and a loss of $91.782 million in 2022[381]. - Revenue increased by $232.9 million, or 34%, to $924.1 million in 2024 compared to $691.2 million in 2023, driven by growth in existing markets and expansion into new markets[416]. - Online casino and sports betting revenue increased by $243.0 million, while social gaming revenue rose by $0.4 million, partially offset by a $10.5 million decrease in retail sports betting revenue due to exit from the Connecticut market[416]. - Net income improved to $7.2 million in 2024 from a loss of $60.1 million in 2023, reflecting a $67.3 million positive change[416]. - Interest income increased significantly by 171% to $7.5 million in 2024 from $2.8 million in 2023[416]. - Costs of revenue increased by $137.0 million, or 29%, to $602.0 million in 2024 compared to $465.0 million in 2023, with costs as a percentage of revenue decreasing to 65% from 67%[417]. - Income tax expense increased by $13.4 million, or 119%, to $24.6 million in 2024, with the expense as a percentage of revenue increasing to 3% from 2%[422]. - Net cash provided by operating activities was $106.4 million for the year ended December 31, 2024, compared to a cash outflow of $5.9 million in 2023[440]. - The company had $229.2 million in cash and cash equivalents as of December 31, 2024, intending to finance operations without third-party debt[431]. - The net effect of exchange rate changes on cash and equivalents was a decrease of $8.7 million in 2024, contrasting with an increase of $5.1 million in 2023[443]. - As of December 31, 2024, the company had cash, cash equivalents, and restricted cash totaling $232.8 million[459]. User Engagement and Market Expansion - Monthly Active Users (MAUs) in the United States and Canada increased year-over-year due to strong customer retention and strategic marketing efforts, with a notable contribution from full-year operations in Delaware in 2024[371]. - The company maintained a consistent Average Revenue Per Monthly Active User (ARPMAU) in Latin America for 2024, despite a significant increase in MAUs during the Copa América soccer tournament[376]. - The company experienced a year-over-year increase in MAUs in Latin America, driven by strong customer retention and the launch in Peru during Q3 2024[373]. - The company is focused on expanding its online casino and sports betting offerings in the U.S. and Latin America, with 39 states and the District of Columbia having authorized sports betting as of the report date[385]. - The company’s strategic advertising and marketing efforts have positively impacted both MAUs and ARPMAU across its markets[375]. Operational Strategy - The company operates in 16 U.S. states and four international markets, focusing on online casino and sports betting, with B2C operations contributing over 98% of total revenue for 2023 and 2024[366]. - The company’s business model is designed to be nimble and customer-centric, aiming to be "first to market" in newly legalized online gaming jurisdictions[364]. - The company faces competition from established industry players as it enters new jurisdictions, but believes its proprietary platform and marketing strategies will enable it to compete effectively[383]. - The profitability levels generally increase in jurisdictions as the company has operated there for longer periods[392]. - The success of online poker offerings is dependent on high levels of player liquidity and volume of gameplay or tournament participation[394]. Marketing and Advertising - Marketing spend is optimized based on a return-on-investment model, considering factors like product offerings, local advertising rules, and customer behavior[410]. - Advertising and promotion costs decreased by 1% to $158.6 million in 2024 from $160.7 million in 2023[416]. - Advertising and promotions expense decreased by $2.1 million, or 1%, to $158.6 million in 2024, with the expense as a percentage of revenue decreasing to 17% from 23%[418]. Expenses and Financial Management - General and administrative expenses increased by 22% to $106.9 million in 2024 from $87.3 million in 2023[416]. - General and administrative expense increased by $19.6 million, or 22%, to $106.9 million in 2024, while the expense as a percentage of revenue decreased to 12% from 13%[419]. - Interest income, net, increased by $4.7 million, or 171%, to $7.5 million in 2024, attributed to higher cash held in interest-bearing accounts[421]. Tax and Regulatory Considerations - The company recorded a valuation allowance for deferred tax assets, indicating it is not more-likely-than-not to realize these assets[450]. - The effective tax rate reflects management's estimates of the ultimate outcome of various tax uncertainties[451]. - The company ceased to qualify as an emerging growth company as of December 31, 2024, impacting its reporting requirements[457]. Future Outlook - The company expects capital expenditures and working capital requirements to increase to support growth and expansion into new markets[433]. - The Board authorized a stock repurchase program of up to $50 million of Class A Common Stock on October 24, 2024[438]. - A 10% increase or decrease in interest rates would not have a material effect on the consolidated financial statements for 2024[459]. - The company does not believe inflation has materially affected its financial condition or results of operations as of December 31, 2024[461].

Financial Data and Key Metrics Changes - For Q4 2024, revenue was $254.2 million, up 31% year-over-year, leading to full-year revenue of $924.1 million, up 34% year-over-year [26] - Adjusted EBITDA for Q4 was $30.6 million, reflecting a significant increase of over 2.5 times compared to the prior year, with full-year adjusted EBITDA of $92.5 million, increasing more than 11-fold [32][33] - Gross profit margin increased to 36.5% in Q4, with a full-year gross profit margin of 35.0%, an improvement of over 200 basis points versus the prior year [27][28] Business Line Data and Key Metrics Changes - Both online casino and online sportsbook each grew over 27% in Q4, contributing to overall strong top-line performance [18] - North America online grew 29%, while Latin America grew 54%, indicating broad-based growth across products and geographies [18][19] Market Data and Key Metrics Changes - North American monthly active users (MAUs) reached an all-time record of 205,000, up 28% year-over-year [19] - Latin America MAUs increased year-over-year by 71% to 348,000, with an ARPMAU of $39 [20][21] Company Strategy and Development Direction - The company focuses on a customer-centric approach, continuous investment in in-house technology, and operational efficiency to enhance margins and scale [14][17] - The strategic emphasis on user engagement and retention has led to significant growth in player accounts and values [20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining strong momentum into 2025, with guidance for revenue between $1.01 billion and $1.08 billion, representing a 13% year-over-year increase [34] - The company is closely monitoring legislative sessions in the U.S. and Canada for potential online casino legalization opportunities [23][24] Other Important Information - The company ended the year with $229 million in unrestricted cash and no debt, an increase of approximately $61 million for the year [33] - The Colombian President issued an emergency decree to levy a tax on players for deposits made into online betting accounts, which could impact future guidance [35] Q&A Session Summary Question: Follow-up on guidance and Colombia's impact - The guidance includes the impact of the VAT in Colombia, with both high and low ends reflecting potential outcomes [40][41] Question: Tax increases and competitive landscape - The guidance does not include potential tax changes in other markets outside of Colombia, and management views tax increases as a potential setback but also an opportunity for industry growth [45][46][48] Question: Competitive strategies in Colombia - The company is confident in its technology and platform to manage the tax impact effectively, focusing on player retention and competitive strategies [56][60] Question: Delaware market performance - The company sees continued growth opportunities in Delaware, focusing on driving new players and monetization [64][66] Question: Perspectives on sweepstakes and impacts - Management acknowledges the impact of unregulated sweepstakes on the market and advocates for regulation to protect consumers [72][75] Question: Product mix and in-play betting - The company has invested in in-play betting and innovative promotional tools to enhance player engagement and loyalty [78][81] Question: M&A opportunities and buybacks - The company is assessing M&A opportunities while remaining opportunistic regarding share buybacks, focusing on delivering shareholder value [102][106] Question: User growth versus ARPMAU growth - Management expects a combination of user growth and ARPMAU growth, with a focus on increasing player counts and values [130][132] Question: Future iCasino regulation - There is a growing focus on iCasino legalization efforts, with management optimistic about potential developments in various states [91][95]

Group 1 - Rush Street Interactive, Inc. (RSI) reported quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.09 per share, but showing an improvement from earnings of $0.01 per share a year ago, resulting in an earnings surprise of -22.22% [1] - The company posted revenues of $254.17 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.73% and showing a year-over-year increase from $193.85 million [2] - Over the last four quarters, the company has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has underperformed the market, losing about 6.1% since the beginning of the year compared to the S&P 500's gain of 1.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for Rush Street Interactive is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $254.1 million, and for the current fiscal year, it is $0.52 on revenues of $1.05 billion [7] - The Gaming industry, to which Rush Street Interactive belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]

Investor Presentation - February 2025 - Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the estimated future financial performance, financial position and guidance, the business strategy, plans and objectives of management for future operations, potential market access in various jurisdictions, expectations around partners ...