Rush Street Interactive (NYSE:RSI) Announces Quarterly Earnings Results, Meets Estimates

Rush Street Interactive (NYSE:RSI) announced its earnings results on Wednesday. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15, FiscalAI reports. The firm had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a return on equity of 19.51% and a net margin of 2.33%.The business’s quarterly revenue was up 46.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS.

Here are the key takeaways from Rush Street Interactive’s conference call:

• Record Q2 performance: Revenue rose 46% year over year to $393.8 million and adjusted EBITDA increased 61% to $64.6 million, supported by the casino-first strategy, Latin America and strong execution around the World Cup.
• RSI raised full-year guidance to $1.56 billion–$1.60 billion in revenue and $245 million–$265 million in adjusted EBITDA, citing market-share gains, Latin American strength and World Cup outperformance.
• Player growth remained robust, with North American MAUs up 51% and Latin American MAUs up 62%; more than 25% of Latin American World Cup-acquired depositors also engaged with casino products, indicating improved cross-selling.
• RSI launched online casino and sports betting in Alberta on July 13 and said early first-time-depositor and daily-active-user trends are tracking at roughly twice Ontario’s levels at a comparable point, though management expects a gradual build.
• Management plans to increase second-half marketing spending, potentially by $7 million–$10 million sequentially in Q3, and expects Q3 EBITDA to be the year’s low point as Alberta launch costs and higher investment weigh on profitability; Colombia’s 16% tax remains an additional uncertainty.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock traded up $0.69 on Friday, reaching $27.45. 1,714,660 shares of the company’s stock were exchanged, compared to its average volume of 2,286,458. The company has a market capitalization of $6.39 billion, a P/E ratio of 94.69 and a beta of 1.56. Rush Street Interactive has a 52 week low of $15.51 and a 52 week high of $34.53. The firm’s 50-day moving average is $29.87 and its two-hundred day moving average is $24.31.

Insider Activity at Rush Street Interactive

In other news, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $30.12, for a total value of $301,200.00. Following the completion of the sale, the insider owned 93,256 shares in the company, valued at $2,808,870.72. The trade was a 9.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.53, for a total transaction of $725,190.00. Following the transaction, the chief financial officer owned 652,526 shares in the company, valued at $20,574,144.78. The trade was a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,708,993 shares of company stock worth $69,135,460. Corporate insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new position in Rush Street Interactive in the fourth quarter worth approximately $197,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Rush Street Interactive by 8.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company’s stock valued at $48,913,000 after acquiring an additional 193,110 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Rush Street Interactive during the fourth quarter worth approximately $55,000. Voloridge Investment Management LLC raised its position in shares of Rush Street Interactive by 76.9% during the fourth quarter. Voloridge Investment Management LLC now owns 738,840 shares of the company’s stock worth $14,356,000 after purchasing an additional 321,288 shares during the period. Finally, Polymer Capital Management US LLC lifted its holdings in shares of Rush Street Interactive by 45.5% in the 4th quarter. Polymer Capital Management US LLC now owns 64,822 shares of the company’s stock worth $1,259,000 after purchasing an additional 20,258 shares in the last quarter. 24.78% of the stock is owned by institutional investors.

Key Rush Street Interactive News

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Strong quarterly growth and raised guidance: RSI reported record second-quarter revenue of $393.8 million, up 46% year over year, record net income of $29.3 million and adjusted EBITDA of $64.6 million, up 61%. The company raised full-year 2026 revenue guidance to approximately $1.56 billion-$1.60 billion and increased its adjusted EBITDA outlook. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Revenue exceeded expectations: Earnings of $0.15 per share matched consensus, while revenue surpassed analysts’ $367.75 million estimate. Earnings also improved from $0.11 per share a year earlier. RSI Q2 Earnings Match Estimates
• Positive Sentiment: Analyst support increased: Wells Fargo raised its price target to $36 and maintained an overweight rating, while Citizens JMP lifted its target to $34 and kept a market outperform rating. The revisions reflect confidence in RSI’s growth outlook. Analyst Price Target Changes
• Positive Sentiment: Casino-led strategy is working: Strong online casino growth and a 64% increase in North American online-casino monthly active users are helping offset slower sportsbook trends. The Alberta launch also provides an additional expansion opportunity. Rush Street’s Casino-First Strategy Pays Off
• Neutral Sentiment: Prediction-market opportunity remains uncertain: A CFTC filing keeps open the possibility that RSI could participate in prediction markets, but the filing does not establish a launch or near-term revenue contribution. Rush Street Keeps Prediction Market Options Open
• Negative Sentiment: Valuation and sportsbook concerns remain: RSI trades at a high earnings multiple, while slower sportsbook activity and regulatory, litigation and ESG risks associated with gambling stocks may encourage profit-taking despite the favorable results. Sin Stocks: Why Investors Continue to Bet on Controversial Companies

Analysts Set New Price Targets

A number of equities analysts recently commented on RSI shares. JPMorgan Chase & Co. lifted their price objective on Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Citizens Jmp increased their target price on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Rush Street Interactive in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.22.

About Rush Street Interactive

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.