Picture of Rush Street Interactive logo

RSI — Rush Street Interactive News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsAdventurousLarge CapNeutral

Brief: Rush Street Interactive Q2 EBIT USD 24.324 Million

Overview

Rush Street Q2 revenue rises 22% yr/yr, beating analyst expectations

Adjusted EBITDA up 88% yr/yr, exceeding estimates, per LSEG data

The online gaming and sports entertainment companyraises full-year 2025 revenue and adjusted EBITDA guidance

Outlook

RSI raises 2025 revenue guidance to $1,050-$1,100 mln

Company expects 2025 Adjusted EBITDA between $133 mln and $147 mln

RSI projects 16% revenue growth at midpoint for 2025

Company anticipates 51% Adjusted EBITDA growth at midpoint for 2025

Result Drivers

ONLINE CASINO GROWTH - Online casino revenue grew 25%, contributing significantly to overall revenue increase

SPORTS BETTING INCREASE - Online sports betting revenue rose 15%, supporting strong quarterly results

USER GROWTH - Monthly Active Users in North America and Latin America increased by 21% and 42% respectively, driving revenue growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$269.22 mln$250.90 mln (9 Analysts)
Q2 Net Income$28.83 mln
Q2 Adjusted EBITDABeat$40.20 mln$27 mln (9 Analysts)
Q2 EBIT$24.32 mln
Q2 Pretax Profit-$86.19 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the casinos & gaming peer group is "buy" Wall Street's median 12-month price target for Rush Street Interactive Inc is $17.00, about 8.1% above its July 29 closing price of $15.63 The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 31 three months ago Press Release: ID:nGNX8JMGRh (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Rush Street Interactive

See all news