RSI Earnings Prediction
The chart below shows how RSI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, RSI sees a -0.08% change in stock price 10 days leading up to the earnings, and a +7.26% change 10 days following the report. On the earnings day itself, the stock moves by -0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
RSI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
232.11M
36.63%
5.32%
Gross Margin
34.34%
28.71%
0.85%
Operating Margin
3.17%
146.01%
141.98%
Net Margin
1.40%
117.79%
-1176.92%
EPS
0.01
116.67%
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No Data Available
RSI Earnings Analysis
Rush Street Interactive, Inc. Corporation (RSI.N) Earnings Conference Call
Positive
Strong Revenue Increase: We reported revenue of $232 million, up 37% compared to last year and up sequentially for the 15th time during our 16 quarters of being a public company.
Consistent EBITDA Improvement: Our adjusted EBITDA reached $23 million, which is the seventh consecutive quarter of improving profitability.
North America Revenue Surge: In North America, both iCasino and sports revenues grew by over 30%.
North American MAU Growth: Our North American MAUs reached 168,000, up 28% year-over-year, marking another consecutive quarter of accelerating growth.
Latin America Performance Highlights: Our Latin American business produced impressive results and we experienced better-than-expected sports holders during the quarter.
Negative
Revenue Increase and Volatility: Revenue was $232.1 million, marking a 37% increase compared to the same period last year. However, we experienced a $10 million revenue tailwind due to higher-than-expected hold in sports, indicating potential volatility in future earnings.
EBITDA Growth and Sustainability: Our adjusted EBITDA for the third quarter was $23.4 million, reflecting a significant increase of over 5x from the prior year, but this growth may not be sustainable in the long term due to market fluctuations.
Cash Position and Future Liabilities: We ended the quarter with $216 million in unrestricted cash and no debt, but this may not be sufficient to cover potential future liabilities or investments needed for growth.
Increased Marketing Expenditure: Marketing spend during the quarter was $38.6 million, up 13% compared to the prior year quarter, indicating increased costs that could impact profitability if not managed effectively.
2024 Revenue Guidance: Our guidance for the fully year of 2024 expects revenue to be between $900 million and $920 million, which is a modest increase and suggests limited growth potential in a competitive market.
RSI FAQs
How does RSI typically perform around its earnings report dates?
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RSI Earning Call Sentiment
Rush Street Interactive, Inc. (RSI) Q3 2024 Earnings Call Transcript
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RSI.N
-11.29%Positive
The company reported strong financial performance with a 37% revenue increase and a 5x rise in adjusted EBITDA. They raised their revenue and EBITDA guidance, indicating confidence in future growth. The share buyback plan further boosts investor sentiment. Despite some regulatory and competitive risks, the overall outlook remains positive, supported by strong market expansion and product innovation. The Q&A session revealed some uncertainties, but management's focus on high returns and market diversification is promising. Without market cap details, the reaction is likely positive given the strong financials and strategic initiatives.
