Rush Street Interactive climbs after lifting FY revenue forecast

Rush Street Interactive

02/05/2024 11:39

** Shares of online casino and sports betting company Rush
Street Interactive  RSI.N  jump 16% to $7.45 in premarket trade
    ** Increases midpoint of FY revenue forecast by $35 mln from
prior guidance, current range stands at $810 mln-$860 mln
    ** Posts Q1 revenue of $217.43 mln, beating est of $196.88
mln; EPS of 3 cents vs est for loss of 2 cents/shr
    ** Strong revenue comes on the back of growth in iCasino and
online sports businesses
    ** Average Revenue per Monthly Active User (ARPMAU) in U.S.
and Canada up 9% Y-o-Y, LATAM up 4% Y-o-Y
    ** Out of 9 brokerages tracking RSI, seven rate it "buy" or
higher and two "hold"; median PT $8 - LSEG
    ** As of last close, RSI shares up 43% YTD

 (Reporting by Ankika Biswas in Bengaluru)
 ((Ankika.Biswas@thomsonreuters.com))