Rush Street Interactive Reports Strong Growth in First Quarter of 2024

02.05.2024

Rush Street Interactive (RSI) has announced impressive financial results for the first quarter ending March 31, 2024.

The company reported a revenue increase to $217.4 million, up 34% from $162.4 million in the same period last year. Additionally, RSI’s net losses have substantially decreased, showing more than a $20 million improvement compared to the first quarter of 2023.

User Engagement and Future Outlook

RSI also reported an increase in monthly active users in its key operational regions. In the US and Canada, active users rose to 176,000, a 20% increase, while in Latin America, the number soared by 72% to 224,000.

With projections estimating total revenue for the year to be between $810 million and $860 million, RSI is targeting a 21% year-over-year growth.

CEO Richard Schwartz expressed optimism about the company’s future, citing strong current momentum and a clear strategy aimed at scaling the business and enhancing shareholder value.

Strategic Position and Market Prospects

RSI’s positive quarterly outcome sets a promising tone for its operational and financial strategy moving forward. The company’s ability to increase revenue while managing losses effectively provides a solid foundation for sustained growth and competitiveness in the digital gaming marketplace.