Rush Street Interactive Increased Profit by 15% for Q4 2024
Rush Street Interactive (RSI) has published its financial results for the fourth quarter and the entire 2024 year, demonstrating significant growth in key metrics.
Key Financial Metrics for Q4 2024:
- Revenue: Reached $254 million, which is 31% higher compared to the same period last year.
- Adjusted EBITDA: Reached $31 million, reflecting the company’s stable operational growth.
- Net Profit: RSI managed to turn a $5.5 million loss into a net profit of $6.5 million, which is a significant improvement in financial results.
Growth in Customer Base:
- North America: The number of active users in the US and Canada increased by 28%.
- Latin America: Expansion into Latin American and Mexican markets led to a 71% growth in the customer base.
2025 Outlook:
RSI expects revenue in 2025 to range from $1.01 billion to $1.08 billion, representing a 13% increase compared to the previous year. Adjusted EBITDA is forecasted to range from $115 million to $135 million, which is 35% higher than in 2024.
Impact of Tax Changes:
Despite the positive results, the company notes that tax changes in the states of New Jersey and Columbia may affect financial performance in these regions.
Liquidity and Market Reaction:
RSI maintains strong liquidity with cash reserves of $229 million. After the report was released, the company’s stock surged by 8.65%, trading at $14.45.
These results reflect the successful expansion strategy and strengthening of RSI’s position in key markets, as well as positively impacting investor confidence and the company’s financial performance.