Rush Street Interactive, Inc. (NYSE:RSI) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET

Company Participants

Kyle Sauers - Chief Financial Officer

Richard Schwartz - Chief Executive Officer

Conference Call Participants

Zach Silverberg - Wells Fargo

Jordan Bender - JMP Securities

Aaron Lee - Macquarie

Jed Kelley - Oppenheimer

Edward Engel - ROTH MKM

Ara Masias - Jefferies

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Rush Street Interactive Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note that this conference call is being recorded today, August 2, 2023.

I will now turn the call over to Kyle Sauers, Chief Financial Officer. You may proceed.

Kyle Sauers

Thank you, Operator, and good afternoon. By now, everyone should have access to our second quarter 2023 earnings release. It can be found under the heading Financials Quarterly Results in the Investors section of the RSI website at rushstreetinteractive.com.

Some of our comments will be forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not statements of historical fact and are usually identified by the use of words such as will, expect, should or other similar phrases and are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect.

We assume no responsibility for updating any forward-looking statements. Therefore, you should exercise caution in interpreting and relying on them. We refer you to our SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial condition.

During the call, we will discuss our non-GAAP measures, which we believe can be useful in evaluating the company’s operating performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP.

A reconciliation of these measures to the most directly comparable GAAP measure is available in our second quarter 2023 earnings release and our investor deck, which is available on the Investors section of the RSI website at rushstreetinteractive.com.

With me on the call today, we have Richard Schwartz, Chief Executive Officer. We will first provide some opening remarks and then open the call to questions.

With that, I’ll turn the call over to Richard.

Richard Schwartz

Thanks, Kyle. Good afternoon. And thank you for joining us today as we discuss our second quarter 2023 results. As an organization, we are executing very well and have achieved positive adjusted EBITDA during Q2, ahead of expectations. We continue to deliver topline growth, while capturing meaningful operating leverage and efficiencies that are driving our bottomline.