Every material Form 8-K Rush Street Interactive filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Rush Street Interactive appointed Thomas Winter as a Class III director effective December 16, 2024, restoring the board to nine members. Winter is a former DraftKings online casino executive and founder of Golden Nugget Online Gaming, and the filing describes him as independent.
Board size increased from eight to nine directors; Winter appointed effective December 16, 2024
Winter's term runs until the 2026 annual meeting of stockholders
Winter previously served as General Manager of North America iGaming at DraftKings from May 2022 to September 2023
Winter was designated for the board by Rush Street Interactive GP, LLC, the Seller Representative under the Investor Rights Agreement dated December 29, 2020; committee assignments are to be determined later
Rush Street Interactive reported third-quarter 2024 revenue of $232.1 million, up 37% from a year earlier, and net income of $3.2 million compared with a net loss of $13.4 million in the same quarter of 2023. The company raised its full-year 2024 revenue and adjusted EBITDA guidance and authorized a share repurchase of up to $50 million, which may be used over time at management's discretion.
Q3 2024 revenue was $232.1 million, up 37% from $169.9 million in Q3 2023.
Q3 2024 net income was $3.2 million, versus a net loss of $13.4 million a year earlier.
2024 revenue guidance is $900 million to $920 million; adjusted EBITDA guidance is $82 million to $86 million, with the midpoint raised by $16 million.
On October 24, 2024, the Board authorized repurchases of up to $50 million of Class A common stock.
Rush Street Interactive reported second-quarter 2024 revenue of $220.4 million, up 34% from a year earlier, and its net loss narrowed to $0.3 million from $16.7 million. The company raised its full-year 2024 Adjusted EBITDA guidance to $64 million to $72 million and its revenue guidance to $860 million to $900 million, which points to stronger expected profitability for shareholders.
Q2 2024 revenue was $220.4 million, up 34% from $165.1 million in Q2 2023.
Net loss was $0.3 million versus $16.7 million a year earlier; Adjusted EBITDA was $21.4 million versus $1.2 million.
2024 revenue guidance is $860 million to $900 million, with the midpoint raised by $45 million; Adjusted EBITDA guidance is $64 million to $72 million, with the midpoint raised by $13 million.
Unrestricted cash and cash equivalents were $194 million as of June 30, 2024.
Rush Street Interactive reported first-quarter 2024 revenue of $217.4 million, up 34% from a year earlier, and a net loss of $2.2 million, down from $24.5 million. The company also raised its full-year 2024 Adjusted EBITDA guidance to between $50 million and $60 million, a midpoint increase of $15 million, which signals higher expected profitability for shareholders.
Q1 2024 revenue was $217.4 million, up 34% from $162.4 million in Q1 2023.
Q1 2024 net loss was $2.2 million, compared with $24.5 million in Q1 2023; net loss per share was $(0.01) versus $(0.11).
Q1 2024 Adjusted EBITDA was $17.1 million, compared with a loss of $8.7 million a year earlier.
Full-year 2024 Adjusted EBITDA guidance is $50 million to $60 million, with the midpoint raised by $15 million; revenue guidance is $810 million to $860 million, with the midpoint raised by $35 million.
Rush Street Interactive reported fourth-quarter 2023 revenue of $193.9 million, up 17% from a year earlier, and a net loss of $5.5 million, down from $31.1 million. For the full year, revenue rose 17% to $691.2 million and the net loss narrowed to $60.1 million from $134.3 million. The company also issued 2024 guidance of $770-$830 million in revenue and $35-$45 million in Adjusted EBITDA, which shareholders can use to compare future results.
Q4 2023 revenue was $193.9 million, up 17% from $165.5 million in Q4 2022
Q4 2023 net loss was $5.5 million, compared with $31.1 million in Q4 2022
Full-year 2023 Adjusted EBITDA was $8.2 million, compared with a loss of $91.8 million in 2022
2024 guidance: revenue of $770-$830 million and Adjusted EBITDA of $35-$45 million
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Rush Street Interactive filing is on SEC EDGAR ↗. 8-K briefs of other companies →