Rush Street Interactive, Inc. (NYSE:RSI) Q2 2024 Earnings Conference Call July 31, 2024 6:00 PM ET
Company Participants
Kyle Sauers - Chief Financial Officer
Richard Schwartz - Chief Executive Officer
Conference Call Participants
Ryan Sigdahl - Craig-Hallum Capital
Daniel Politzer - Wells Fargo
Bernie McTernan - Needham
David Katz - Jefferies
Chad Beynon - Macquarie
Jed Kelly - Oppenheimer
Jordan Bender - Citizens JMP
Mike Hickey - The Benchmark Company
Operator
Good day, ladies and gentlemen, thank you for standing by. Welcome to the Rush Street Interactive Second-Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that this conference call is being recorded today July 31, 2024.
I will now turn the call over to Kyle Sauers, Chief Financial Officer. Kyle you may proceed.
Kyle Sauers
Thank you, operator and good afternoon. By now everyone should have access to our second quarter 2024 earnings release, that 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. In particular, we'll be discussing adjusted EBITDA, which we define as net income or loss before interest, income taxes, depreciation and amortization, share-based compensation, adjustments for certain one-time or non-recurring items and other adjustments that are either non-cash or are not related to our underlying business performance.
A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is available in our second quarter 2024 earnings release and our Investor deck, which is available in the Investors section of the RSI website at rushstreetinteractive.com. For purposes of today's call, unless noted otherwise, when discussing profitability, EBITDA or other income statement measures other than revenue were referring to those items on a non-GAAP adjusted EBITDA basis. With me on the call today, we have Richard Schwartz, Chief Executive Officer, who will first provide some opening remarks and then open the call to questions.