RSI - Rush Street Interactive Inc. (RSI) Q4 2023 Earnings Call Transcript
2024-03-06 23:20:22 ET
Rush Street Interactive, Inc. (RSI)
Q4 2023 Earnings Conference Call
March 06, 2024, 17:00 ET
Company Participants
Kyle Sauers - CFO
Richard Schwartz - CEO
Conference Call Participants
Bernie McTernan - Needham & Company
Josh Marin - Oppenheimer
Jordan Bender - Citizens JMP Securities
Chad Beynon - Macquarie Capital
Ara Masias - Jefferies
Ryan Sigdahl - Craig-Hallum
Mike Hickey - The Benchmark Company
Presentation
Operator
Good day, ladies and gentlemen. Thank you for standing by. Welcome to Rush Street Interactive Fourth Quarter and Year-End 2023 Earnings Conference Call. [Operator Instructions]. Please note that this conference call is being recorded today, March 6, 2024. I will now turn the call over to Kyle Sauers, Chief Financial Officer. You may proceed.
Kyle Sauers
Thank you, operator, and good afternoon. By now, everyone should have access to our fourth-quarter and year-end 2023 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.
A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is available in our fourth-quarter and year-end 2023 earnings release and our investor deck, which is available in the Investors section of the RSI website at rushstreetinteractive.com. For purposes of today's call, unless noted otherwise, when discussing profitability, EBITDA or other income statement measures other than revenue, were referring to those items on a non-GAAP adjusted EBITDA basis....
Rush Street Interactive, Inc. (RSI) Q4 2023 Earnings Call Transcript