Rush Street Interactive Q2 revenue beats estimates; annual outlook lifted
RSI•What drove the quarter
- Online casino growth - Co said continued share gains in online casino drove results, with online casino representing 72% of revenue.
- Player growth - Co reported strong year-over-year increases in monthly active users in both North America and Latin America.
- Sports betting events - Co said sports betting markets benefited from the World Cup.
Analyst coverage and valuation
- 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 $35.50, about 15.7% above its July 28 closing price of $30.69.
- The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 36 three months ago.
Q2 revenue beats estimates and profits hit records
- US online casino and sports betting firm's Q2 revenue rose 46%, beating analyst expectations.
- Company posted record Q2 net income and adjusted EBITDA.
- Company raised full-year 2026 revenue and adjusted EBITDA guidance.
