Rush Street Interactive, Inc. has recently released its 10-Q report, providing a detailed insight into its financial standing and operational performance. The company operates as an online casino and sports betting firm in the United States, Canada, and Latin America, offering real-money online casino, online and retail sports betting, and social gaming services under brands such as BetRivers, PlaySugarHouse, and RushBet.
The Management’s Discussion and Analysis of Financial Condition and Results of Operations section of the report delves into the company’s financial measures, including Adjusted EBITDA, which is a non-GAAP performance measure used to supplement results presented in accordance with GAAP. The report also discusses trends in key metrics such as Monthly Active Users (MAUs) and Average Revenue Per Monthly Active User (ARPMAU) in the United States, Canada, and Latin America.
In terms of revenue, the company generates it predominantly from its U.S. and Canada operations, with the remaining revenue coming from its Latin America (including Mexico) operations. The revenue is primarily generated through offerings such as online casino, online sports betting, and retail sports betting. The report also provides a detailed breakdown of the revenue generation process for each of these offerings, including the impact of player bonusing, foreign exchange rate fluctuations, and the company's approach to online poker revenue recognition. As a result of these announcements, the company's shares have moved -5.6% on the market, and are now trading at a price of $11.45. For the full picture, make sure to review Rush Street Interactive's 10-Q report.
