Rush Street Interactive INC (RSI) Q4 2024 Earnity call Highlights: Record income and …

Appearance date: February 26, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Rush Street Interactive Inc (NYSE: RSI) achieved record income and adapted EBITDA in the fourth 2024, which exceeded the top of her instructions.

• The company recorded an increase in sales of 34% for the year, with significant 36% of this growth contribute to the end result.

• RSI expanded its gross margin by over 200 basis points and reduced marketing costs, which led to an eleven -fold increase in the adjusted EBITDA for the year.

• The company recorded broad growth between products and geographies, with North America online by 29% and Latin America grew by 54%.

• The customer-oriented approach of RSI and continuous investments in internal technology have led to high-quality user experiences and operational efficiency, which supports their leadership in online games throughout America.

• The company stands out of potential challenges from recent tax changes in Colombia, which could affect income and the EBITDA if the tax continues to exist in the course of 2025.

• The guidance of RSI does not take into account potential tax changes in other markets, which could be risks if new laws are issued.

• The competitive landscape in Colombia is dynamic, whereby competitors use different strategies to manage the new tax, which could affect RSI's market position.

• The company has not bought any shares back in the fourth quarter of its buyback authorization, which can raise questions about priorities in capital allocation.

• RSI's growth in 2025 will probably be slower than at 2024, with a projected sales increased of 13% the focus due to increased marketing expenses.

Q: Can you give more details on the effects of the Colombian tax on your instructions and how to affect the expectations of sales growth for 2025? A: Unidiendified_2 (CFO): Both the high and the low ends of our income and the EBITDA guidelines include the effects of Colombian VAT, provided it takes all year round. The low end comes in a negative result, while the high -end takes on a cheaper scenario. We expect growth in most markets, especially where we have invested in Icasino, which offers higher player values.

Q. A: Unidientified_3 (CEO): We have not included any potential tax changes in our instructions, with the exception of Colombia. While tax increases are a short -term setback, they underline the need for states to procure funds and accelerate the legalization of Igaming. We believe that the legalization of online casino is a proven option to achieve income and protect consumers.

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