Rush Street Interactive (RSI) has disclosed its financial results for the fourth quarter and full year ending 31 December 2023. 

For Q4 2023， RSI reported revenue of $193.9m， showing a 17% increase compared to the same period in 2022. The company experienced a net loss of $5.5m in Q4 2023， a significant year-on-year improvement from the net loss of $31.1m.

Adjusted EBITDA for the quarter reached $11.5m， improved from the adjusted EBITDA loss of $17.3m in Q4 2022.

Advertising and promotions expenses decreased by 45% in the fourth quarter of 2023， amounting to $34.6m.

Monthly Active Users (MAU) in the US， Canada and Latin America witnessed year-over-year growth， with Latin America particularly showing an increase of 33%.

For the full year 2023， RSI reported revenue of $691.2m， marking a 17% increase from 2022. The net loss for the full year was $60.1m， an improvement compared to the net loss of $134.3m in 2022.

Adjusted EBITDA for the full year 2023 was $8.2m，Casino games an improvement from the adjusted EBITDA loss of $91.8m in 2022.

Looking forward， RSI has provided revenue guidance for the full year ending 31 December 2024， projecting revenues between $770m and $830m. Additionally， the company has introduced adjusted EBITDA guidance for 2024， expecting it to be between $35m and $45m. 

Richard Schwartz， RSI CEO， said: “We concluded 2023 with a fourth quarter that produced records in both revenues and adjusted EBITDA. For the year， we grew revenue to $691m on strong customer engagement and retention. At the same time， we improved our adjusted EBITDA by $100m compared to the prior year.” 

RSI also achieved positive performance in the third quarter of 2023， where revenue increased by 15% compared to Q3 2022.