Rush Street Interactive (NYSE:RSI) Issues Quarterly Earnings Results

Rush Street Interactive (NYSE:RSI) released its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15, FiscalAI reports. The business had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The company’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share.

Here are the key takeaways from Rush Street Interactive’s conference call:

• Record Q2 performance: Revenue rose 46% year over year to $393.8 million and adjusted EBITDA increased 61% to $64.6 million, supported by the casino-first strategy, Latin America and strong execution around the World Cup.
• RSI raised full-year guidance to $1.56 billion–$1.60 billion in revenue and $245 million–$265 million in adjusted EBITDA, citing market-share gains, Latin American strength and World Cup outperformance.
• Player growth remained robust, with North American MAUs up 51% and Latin American MAUs up 62%; more than 25% of Latin American World Cup-acquired depositors also engaged with casino products, indicating improved cross-selling.
• RSI launched online casino and sports betting in Alberta on July 13 and said early first-time-depositor and daily-active-user trends are tracking at roughly twice Ontario’s levels at a comparable point, though management expects a gradual build.
• Management plans to increase second-half marketing spending, potentially by $7 million–$10 million sequentially in Q3, and expects Q3 EBITDA to be the year’s low point as Alberta launch costs and higher investment weigh on profitability; Colombia’s 16% tax remains an additional uncertainty.

Rush Street Interactive Stock Performance

Shares of NYSE RSI traded down $5.11 during midday trading on Thursday, reaching $25.66. 2,811,054 shares of the stock were exchanged, compared to its average volume of 2,262,457. The stock has a market capitalization of $5.97 billion, a P/E ratio of 83.09 and a beta of 1.56. The company has a 50 day simple moving average of $29.89 and a 200 day simple moving average of $24.25. Rush Street Interactive has a twelve month low of $15.51 and a twelve month high of $34.53.

Analysts Set New Price Targets

Several analysts recently issued reports on RSI shares. JPMorgan Chase & Co. upped their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Citizens Jmp upped their price target on Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research report on Thursday. Needham & Company LLC increased their price target on Rush Street Interactive from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday. Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $39.00 price objective on shares of Rush Street Interactive in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus price target of $35.22.

More Rush Street Interactive News

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Strong second-quarter growth: Revenue reached a record $393.8 million, up 46% year over year, while net income was $29.3 million and adjusted EBITDA increased 61% to $64.6 million. North American online-casino monthly active users grew 64%. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Higher full-year outlook: RSI is projecting approximately $1.56 billion to $1.60 billion in 2026 revenue, above the roughly $1.5 billion consensus estimate, as it ramps its Alberta launch and continues expanding its online casino business. The company also raised its full-year adjusted EBITDA guidance. Rush Street Interactive projects 2026 revenue as it ramps Alberta launch
• Positive Sentiment: Analyst support: Citizens JMP raised its price target from $33 to $34 and Wells Fargo lifted its target from $35 to $36, maintaining “market outperform” and “overweight” ratings, respectively. Benzinga analyst updates
• Neutral Sentiment: EPS met expectations: Second-quarter earnings were $0.15 per share, matching the consensus estimate but improving from $0.11 a year earlier. The revenue beat was substantial, but the lack of an EPS surprise may have limited the immediate reaction. Rush Street Interactive Q2 earnings
• Negative Sentiment: Valuation remains a concern: RSI trades at a high earnings multiple, and one earnings preview cited potential downside based on fair-value estimates. Investors may be taking profits or demanding stronger near-term earnings upside despite the company’s robust growth outlook. Earnings Watch: Rush Street Interactive

Insider Buying and Selling

In other news, CEO Richard Todd Schwartz sold 710,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total transaction of $17,721,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Neil Bluhm sold 1,371,150 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $34,223,904.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,887,328 shares of company stock worth $74,151,223. Company insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RSI. Man Group plc raised its stake in shares of Rush Street Interactive by 0.7% in the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after acquiring an additional 654 shares during the period. Cerity Partners LLC increased its holdings in Rush Street Interactive by 4.6% in the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock valued at $460,000 after purchasing an additional 1,042 shares during the last quarter. Osaic Holdings Inc. increased its holdings in Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock valued at $484,000 after purchasing an additional 1,893 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in Rush Street Interactive in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Company Profile

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.