RSI - Rush Street Interactive Inc. (RSI) Q1 2024 Earnings Call Transcript
2024-05-01 22:25:18 ET
Rush Street Interactive, Inc. (RSI)
Q1 2024 Earnings Conference Call
May 01, 2024 06:00 PM ET
Company Participants
Kyle Sauers - Chief Financial Officer
Richard Schwartz - Chief Executive Officer
Conference Call Participants
Jed Kelly - Oppenheimer
David Katz - Jefferies
Chad Beynon - Macquarie
Dan Politzer - Wells Fargo
Stefanos Crist - Needham
Ryan Sigdahl - Craig-Hallum Capital Group
Mike Hickey - The Benchmark Company
Presentation
Operator
Good day to you, ladies and gentlemen, thank you for standing by. Welcome to Rush Street Interactive First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. Please note that this conference call is being recorded today, May 1, 2024.
I will now turn the call over to Kyle Sauers, Chief Financial Officer.
Kyle Sauers
Thank you, operator, and good afternoon. By now, everyone should have access to our first-quarter 2024 earnings release that can be found under the heading financials quarterly results in the Investors section of the RSI website at rushstreetinteractive.com.
Some of our comments will be forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not statements of historical fact and are usually identified by the use of words such as will, expect, should and other similar phrases are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect.
We assume no responsibility for updating any forward-looking statements. Therefore, you should exercise caution in interpreting and relying on them. We refer you to our SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial condition.
During the call, we will discuss our non-GAAP measures, which we believe can be useful in evaluating the company's operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP. In particular, we will be discussing adjusted EBITDA, which we define as net income or loss before interest, income, taxes, depreciation and amortization, share-based compensation adjustments for certain one-time or nonrecurring items, and other adjustments that are either non-cash or are not related to our underlying business performance....
Rush Street Interactive, Inc. (RSI) Q1 2024 Earnings Call Transcript