Rush Street Interactive Announces Fourth Quarter and Full Year 2023 Results
CHICAGO, March 06, 2024 (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 announced financial results for the fourth quarter and full year ended December 31, 2023.
- Revenue was $193.9 million during the fourth quarter of 2023, an increase of 17%, compared to $165.5 million during the fourth quarter of 2022.
- Net loss was $5.5 million during the fourth quarter of 2023, compared to a net loss of $31.1 million during the fourth quarter of 2022.
- Adjusted EBITDA1 was $11.5 million during the fourth quarter of 2023, compared to an Adjusted EBITDA loss of $17.3 million during the fourth quarter of 2022, an improvement of $28.8 million.
- Adjusted advertising and promotions expense1 was $34.6 million during the fourth quarter of 2023, a decrease of 45% compared to $63.2 million during the fourth quarter of 2022.