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Stock impact report

Rush Street (RSI) Hits All-Time High as Profits More-Than-Double [Yahoo! Finance]

Rush Street Interactive, Inc. Class A (RSI) 
Company Research Source: Yahoo! Finance
Rush Street climbed to a new all-time high on Wednesday, as investors cheered its stellar earnings performance in the first quarter of the year, with profits soaring by more-than-double, and revenues hitting records. At intra-day trade, the stock jumped to its highest price of $29 before trimming gains to finish the session just up by 16.58 percent at $27.98 apiece. Photo by Pavel Danilyuk on Pexels In an updated report, Rush Street Interactive (NYSE:RSI) said that its net income soared by 134 percent to $26.2 million from $11.2 million in the same period last year, while revenues climbed by 41 percent to $370.4 million from $262.4 million. The strong quarter was attributed to the strong monthly active users, having jumped by 51 percent year-on-year to 839,000. In the North America alone, average revenue per MAU stood at $317, while that of Latin America was at $54. “These results validate the customer-centric approach that has consistently driven our performance. The sys Show less Read more
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