Rush Street Interactive reports $28.3m net loss for Q2

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...