Trump announces trade deal with EU following months of negotiations
In addition to the sales, Roosileht converted 70,000 Class A Common Stock Units into Class A Common Stock, a move that was accompanied by the cancellation of an equivalent number of Class V Voting Stock, as per the company's Amended and Restated Limited Partnership Agreement. Following these transactions, Roosileht holds 809,260 shares of Class A Common Stock in the $3.21 billion market cap company. For comprehensive insider trading analysis and detailed valuation metrics, access the full RSI Research Report on InvestingPro.
In addition to the sales, Roosileht converted 70,000 Class A Common Stock Units into Class A Common Stock, a move that was accompanied by the cancellation of an equivalent number of Class V Voting Stock, as per the company's Amended and Restated Limited Partnership Agreement. Following these transactions, Roosileht holds 809,260 shares of Class A Common Stock in the $3.21 billion market cap company. For comprehensive insider trading analysis and detailed valuation metrics, access the full RSI Research Report on InvestingPro.
In other recent news, Rush Street Interactive (RSI) has reported a record-breaking third quarter in 2024. The company posted revenues of $232 million, marking a 37% increase from the previous year, and an adjusted EBITDA of $23 million, more than five times the figure from the previous year. This marks RSI's 15th consecutive period of revenue increase since going public.
In response to these strong results, RSI has revised its 2024 revenue guidance up by 3% and EBITDA guidance by 24%, now forecasting EBITDA to be 110% above initial expectations for the year. The company also announced a share buyback program of up to $50 million and reported a strong cash position with $216 million in unrestricted cash and no debt.
Analysts from Kyle Sauers noted significant increases in ARPMAU in North America and potential for Delaware's market growth. RSI is preparing for a January launch in Brazil and is planning market entries in Peru and possibly Alberta. Despite robust growth, RSI faces challenges with low hold rates in North American sports betting and potential tax increases, which could adversely affect the industry.
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