Shares of online casino and sports betting company, Rush Street Interactive, Inc. (RSI) have declined 50.8% so far this year. RSI’s recent fourth-quarter performance missed the Street’s expectations on both its top-line and bottom-line fronts despite double-digit growth in its top-line. Revenue jumped 30.5% year-over-year to $130.6 million, but fell short of estimates by $6.33 million. Net loss per share at $0.15 came in wider than estimates by $0.01. During the quarter, RSI generated $327 in average revenue per monthly active user. Additionally, the company saw a 28% year-over-year jump in real-money monthly active users. RSI’s approach is to balance profitability from existing markets and invest in new market launches.
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Rush Street Interactive (NYSE:RSI)
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