BetRivers focuses on icasino: Six takeaways from RSI Q3 earnings call

BetRivers focuses on icasino: Six takeaways from RSI Q3 earnings call

Article brief provided by Legal Sports Report
  • Pat Evans , Legal Sports Report
November 9, 2022 2:14 PM
  • Pat Evans , Legal Sports Report

Rush Street Interactive sees a path toward profitability in the second half of 2023 and it includes a further commitment for BetRivers away from chasing market share.

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Despite missing revenue projections in Q3 by 6% and lowering full-year revenue guidance from between $600 million and $630 million to between $580 million and $600 million, RSI executives are still optimistic they have the right plan to achieve profitability in the online gaming industry, according to executives during its earnings call last Wednesday.

RSI shares hit a five-week peak of $4.55 Wednesday following the call before dipping to $3.74 at market close Friday, well below the 52-week high of $21.70. CEO Richard Schwartz and team are optimistic about the future of RSI and its app, BetRivers.