Rush Street Interactive Q1 revenue beats on strength in N. America online casino markets

Rush Street Interactive

28/04/2026 21:26

Overview

US online casino and sports betting firm's Q1 revenue rose 41%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised full-year 2026 revenue and adjusted EBITDA guidance

Outlook

Company raises 2026 revenue guidance to $1.49-$1.54 bln, up 31%-36% year-over-year

Company lifts 2026 adjusted EBITDA forecast to $230-$250 mln, up 50%-63% year-over-year

2026 outlook includes expected July launch in Alberta and current tax structures in live markets

Result Drivers

PLAYER GROWTH - Co said accelerating year-over-year growth in monthly active users, especially a 62% increase in North American online casino markets, drove revenue gains

CUSTOMER ACQUISITION & RETENTION - Co cited record first-time depositors and improved efficiency in marketing spend as key to expanding brand awareness and maintaining growth

PLAYER EXPERIENCE ENHANCEMENTS - Co said systematic improvements to the player journey supported higher quality acquisition, retention, and engagement

Company press release: ID:nGNX5J7JV3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$370.36 mln
$330.09 mln (11 Analysts)
Q1 Adjusted EPS
Beat
$0.14
$0.12 (8 Analysts)
Q1 Net Income
$26.21 mln
Q1 Adjusted EBITDA
$60.20 mln
Q1 EBIT
$42.78 mln
Q1 Pretax Profit
$45.78 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "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 $25.00, about 3% above its April 27 closing price of $24.28

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 36 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)