Rush Street Interactive (RSI) has crept closer to profitability, posting a net loss of $28.3m for Q2, an improvement on Q1’s $52.3m.
The second quarter saw RSI’s revenue rise by 17% year-on-year, climbing from $122.8m to $143.7m. However, this double-digit growth was offset by a 20% increase in advertising and promotions expense.
As a result, the company’s net loss actually widened when compared to Q2 of last year, rising from $14m. RSI’s adjusted EBITDA loss likewise increased, going from $6.6m to over $18m.
Nevertheless, the company’s additional marketing costs do appear to have borne fruit. RSI’s real-money monthly active users (MAUs) in the US and Canada grew 35% year-on-year to 133,000. Average revenue per MAU also rose, up 23% when compared to the first quarter.