Rush Street Interactive Raises FY24 Revenue Outlook From $810M - $860M To $860M - $900M, Est $845.67M
Portfolio Pulse from Benzinga Newsdesk
Rush Street Interactive (RSI) has raised its FY24 revenue outlook to $860M - $900M, up from the previous $810M - $860M range. The new midpoint of $880M represents a 27% YoY growth. Adjusted EBITDA guidance has also been increased to $64M - $72M, with a midpoint of $68M, compared to $8.2M in 2023.
July 31, 2024 | 10:00 pm
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Rush Street Interactive (RSI) has raised its FY24 revenue outlook to $860M - $900M, up from the previous $810M - $860M range. The new midpoint of $880M represents a 27% YoY growth. Adjusted EBITDA guidance has also been increased to $64M - $72M, with a midpoint of $68M, compared to $8.2M in 2023.
The increase in revenue and Adjusted EBITDA guidance indicates strong business performance and growth prospects for RSI. The significant YoY growth in both metrics is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100