Rush Street Interactive Third Quarter 2024 Earnings: Beats Expectations

Rush Street Interactive (NYSE:RSI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$232.1m (up 37% from 3Q 2023).
• Net income: US$1.19m (up from US$4.18m loss in 3Q 2023).
• Profit margin: 0.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.014 (up from US$0.06 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rush Street Interactive Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 4.8% from a week ago.

Valuation

Rush Street Interactive's financial results now indicate the company's shares could present an opportunity based on 6 important indicators. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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