Rush Street Interactive Eyes $304.8M Q4 Revenue After Beating Prior Estimates
Rush Street Interactive delivered revenues of $277.9M last quarter, up 19.7% YoY and beating analysts by 4.3%. For this quarter, analysts forecast revenue of $304.8M (19.9% growth) and adjusted EPS of $0.11, following consistent earnings-beat history.
1. Strong Q3 Results
Rush Street Interactive reported Q3 revenues of $277.9 million, a 19.7% increase year on year, surpassing analysts’ estimates by 4.3%. The company also exceeded expectations for adjusted operating income and EPS, marking its sixth straight quarter of earnings beats.
2. Q4 Outlook and Analyst Estimates
Analysts project Q4 revenue to reach $304.8 million, representing 19.9% year-on-year growth, and forecast adjusted EPS of $0.11. Coverage analysts have maintained their estimates over the past month, reflecting confidence in the company’s growth trajectory.
3. Peer Comparisons and Stock Trends
Within the consumer discretionary segment, DraftKings saw 42.8% revenue growth and Hasbro reported 31.3% growth in their latest quarters, while DraftKings shares fell 14.4% and Hasbro rose 9.5% post-earnings. Rush Street Interactive’s shares have declined 14.9% over the past month as investors await its results.