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- Full Year 2020 Revenue of $278.5 Million, up 337% Year-over-Year -
- Full Year 2021 Revenue Guidance Raised 37% to between $420 and $460 Million -
Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States, today announced financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 2020 Financial Highlights
Revenue was $100.0 million during the fourth quarter of 2020, an increase of 260%, compared to $27.8 million during the fourth quarter of 2019.
Net loss was $48.8 million during the fourth quarter of 2020, compared to a net loss of $15.1 million during the fourth quarter of 2019.
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Advertising and promotions expense was $23.1 million, or 23% of revenue, during the fourth quarter of 2020, compared to $8.7 million during the fourth quarter of 2019.
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1of15A view of the grandstands, seen in the background, at the complex that has the Saratoga Casino Hotel and the Saratoga Harness Track, on Monday, March 1, 2021, in Saratoga Springs, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
2of15A view of the Saratoga Harness Track on Monday, March 1, 2021, in Saratoga Springs, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
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4of15A view of the grandstands, seen in the background, at the complex that has the Saratoga Casino Hotel and the Saratoga Harness Track, on Monday, March 1, 2021, in Saratoga Springs, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
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