It s earnings season for sports betting companies and Rush Street Interactive, parent company of , reported its Q2 2023 results yesterday afternoon, noting revenues of $165.1 million, an increase of 15% year-over-year from the second quarter of 2022.
RSI also reported a positive $1.2 million in adjusted EBITDA during the second quarter of 2023, compared to an adjusted EBITDA loss of $18.6 million during the second quarter of 2022.
Richard Schwartz, chief executive officer of RSI, said during the earnings calls that the company could very well be profitable again in Q3 2023 and perhaps for the full year.
RSI s Strong First Half Performance
Schwartz noted that RSI was able to achieve positive adjusted EBITDA ahead of schedule for this year.
Through the fi…