Rush Street Interactive sees FY24 revenue $770M-$830M, consensus $759.25M

The company said, “Based on our strong Q4 2023 performance and continued momentum, we are initiating revenue guidance for the full year ending December 31, 2024 to be between $770 and $830 million. At the midpoint of this range, revenue of $800 million represents 16% year-over-year growth when compared to $691 million of revenues for 2023. RSI is also introducing Adjusted EBITDA1 guidance for the full year 2024, which it expects to be between $35 and $45 million for the full year ending December 31, 2024. At the midpoint of this range, Adjusted EBITDA of $40 million represents over 390% year-over-year growth when compared to $8.2 million of Adjusted EBITDA for 2023. These guidance ranges are based on certain assumptions, including that (i) only operations in live jurisdictions as of today’s date are included, and (ii) RSI continues to operate in markets in which it is live today.”