Rush Street Interactive shares surged 15.2% after Q1 results, as record revenue and EBITDA growth, accelerating user metrics, and raised forward guidance significantly outpaced investor expectations.
- Q1 revenue reached a record $370 million, up 41% year-over-year.
- Adjusted EBITDA came in at a record $60 million, marking 81% year-over-year growth.
- Monthly active users (MAUs) in North America grew 46% to 296,000, and Latin America MAUs rose 54% to 543,000.
- Company reported record new first-time depositors, beating its previous highs by a wide margin.
- Management raised revenue and EBITDA guidance, now factoring in the Alberta market launch scheduled for July.
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