{"id":8120,"date":"2024-10-31T04:17:00","date_gmt":"2024-10-31T04:17:00","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/10\/31\/rush-street-interactive-reports-37-revenue-growth-for-q3-2024\/"},"modified":"2024-10-31T04:17:00","modified_gmt":"2024-10-31T04:17:00","slug":"rush-street-interactive-reports-37-revenue-growth-for-q3-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/10\/31\/rush-street-interactive-reports-37-revenue-growth-for-q3-2024\/","title":{"rendered":"Rush Street Interactive Reports 37% Revenue Growth for Q3 2024"},"content":{"rendered":"<div>\n<p>Rush Street Interactive (RSI) reported strong third-quarter results for 2024, showing impressive year-over-year growth across key metrics. The company\u2019s revenue rose 37% from Q3 2023, reaching $232.1 million. Net income also made a solid comeback, hitting $3.2 million, a notable shift from the $13.4 million net loss recorded in the same period last year.<\/p>\n<p>CEO Richard Schwartz highlighted RSI\u2019s strategic approach in driving these gains, saying, <em>\u201cWe are excited to report that we have achieved another quarter of exceptional performance, setting new quarterly records in both revenue and adjusted EBITDA.\u201d<\/em> He pointed to RSI\u2019s focus on innovation and its efforts to attract high-value players as key growth factors.<\/p>\n<p>RSI\u2019s adjusted EBITDA skyrocketed, increasing 470.7% year-over-year to reach $23.4 million. The company\u2019s user base expanded as well, with monthly active users in the U.S. and Canada up by 28% to 168,000. In Latin America, RSI saw even greater growth, with users rising 122% to a total of 329,000.<\/p>\n<p>Marketing efforts also saw an uptick, with RSI increasing its advertising and promotional spend by 13% to $38.6 million, a move aimed at sustaining its rapid growth. Looking ahead, RSI expects full-year revenue for 2024 to land between $900 million and $920 million, representing a 32% growth at the midpoint compared to 2023\u2019s year-end revenue. The company raised the midpoint of its guidance by $30 million, indicating confidence in its ongoing momentum.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/rsi-posts-strong-q3-with-37-revenue-increase-and-profit-turnaround\/\">Rush Street Interactive Reports 37% Revenue Growth for Q3 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rush Street Interactive (RSI) reported strong third-quarter results for 2024, showing impressive year-over-year growth across key metrics. The company\u2019s revenue rose 37% from Q3 2023, reaching $232.1 million. Net income also made a solid comeback, hitting $3.2 million, a notable shift from the $13.4 million net loss recorded in the same period last year. CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8120","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8120"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8120\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}