Rush Street Interactive Q3 revenue up 39% on online casino strength

Rush Street Interactive

28/10/2026 20:28

Overview
US online casino and sports betting firm's Q3 revenue up 39% yr/yr, slight miss vs expectations
Adjusted EPS for Q3 beat analyst expectations
Net income for Q3 rose 93% yr/yr

Outlook
Rush Street Interactive sees 2026 revenue between $1.56 bln and $1.60 bln
Company expects 2026 adjusted EBITDA of $245 mln to $265 mln

Result Drivers
USER GROWTH - Co said record and rising monthly active users in North America and Latin America drove revenue growth
ONLINE CASINO - Co said online casino segment was main contributor to profitability, per CEO Richard Schwartz
MARKETING INVESTMENT - Co said increased marketing spend delivered attractive returns and supported user growth

Company press release: ID:nGNX2wKJGZ

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$385.85 mln
$388.77 mln (11 Analysts)
Q3 Adjusted EPS
Beat
$0.15
$0.13 (10 Analysts)
Q3 Net Income
 
$28.67 mln
 
Q3 Adjusted EBITDA
 
$62.21 mln
 
Q3 EBIT
 
$42.65 mln
 
Q3 Pretax Profit
 
$46.79 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 $34.00, about 120.6% above its October 27 closing price of $15.41
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 42 three months ago

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(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.)