Rush Street Interactive, Inc. (NYSE:RSI) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET

Company Participants

Kyle Sauers - CFO & Secretary

Richard Schwartz - Co-Founder, CEO & Director

Conference Call Participants

Jordan Bender - JMP Securities

David Katz - Jefferies

Chad Beynon - Macquarie Research

Joe Stauff - Susquehanna Financial Group

Dan Politzer - Wells Fargo Securities

Jed Kelly - Oppenheimer

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Rush Street Interactive Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please note that this conference call is being recorded today, November 1, 2023.

I'll now turn the call over to Kyle Sauers, Chief Financial Officer. Please go ahead.

Kyle Sauers

Thank you, operator, and good afternoon. By now, everyone should have access to our third quarter 2023 earnings release. It can be found under the heading Financials Quarterly Results in the Investors section of the RSI website at rustreetinteractive.com. Some of our comments will be forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not statement 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 third quarter 2023 earnings release and our investor deck, which is available on the Investors section of the RSI website at rushstreeteinteractive.com.

With me on the call today, we have Richard Schwartz, Chief Executive Officer, who 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 third quarter 2023 results. We have spent more than a decade building and continuously refining and operationalizing our technology platform to support our product suite and operate frictionless experience for customers. Our goal from the beginning has been to develop an experience that retains customers. In today's landscape, we are unique, a digital-first operator with an iCasino customer-centric approach. We've consistently maintained that as the industry grows and matures. Consumers will naturally gravitate toward the best products. As a playing field levels with a tide of marketing and aggressive bonus in dollars slowly washing away, that is what we are seeing. Consumers are being more discerning and deciding where they want to play based on product and user experience.