- Rush Street Interactive ( NYSE: RSI ) is trading ~7% lower after the company posted Q3 revenue missed estimates, hurt by lower than normal online casino hold rate and currency headwinds.
- Stock is trading close to its 52-week low price.
- Revenue rose 20.4% Y/Y to missed by $9.14M. While, Q3 GAAP EPS of -$0.10 beats by $0.02.
- Adjusted advertising and promotions expense fell 2% to $44.7M.
- Real-Money Monthly Active Users in the United States and Canada grew 31% Y/Y to 130,000.
- Cash and cash equivalents on the balance sheet were $195M, the company said.
For further details see:
Rush Street Interactive nears 52-week low on Q3 revenue miss