Rush Street Interactive (NYSE:RSI) Releases Quarterly Earnings Results, Hits Estimates

Rush Street Interactive (NYSE:RSI) issued its earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15, FiscalAI reports. The firm had revenue of $393.78 million during the quarter, compared to analyst estimates of $368.06 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%.

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 Up 1.3%

Rush Street Interactive stock traded up $0.39 during mid-day trading on Wednesday, reaching $31.08. 2,641,744 shares of the company’s stock traded hands, compared to its average volume of 2,261,415. Rush Street Interactive has a 12-month low of $15.51 and a 12-month high of $34.53. The stock has a 50 day moving average of $29.82 and a two-hundred day moving average of $24.17. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 100.27 and a beta of 1.56.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, insider Paul Wierbicki sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $30.12, for a total transaction of $301,200.00. Following the sale, the insider directly owned 93,256 shares of the company’s stock, valued at $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total value of $624,400.00. Following the sale, the chief operating officer directly owned 197,874 shares in the company, valued at $6,177,626.28. The trade was a 9.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,887,328 shares of company stock valued at $74,151,223. Corporate insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently modified their holdings of the stock. Brevan Howard Capital Management LP purchased a new stake in Rush Street Interactive during the 2nd quarter valued at $228,000. Mariner LLC purchased a new position in Rush Street Interactive during the fourth quarter worth $213,000. State of Wyoming purchased a new position in Rush Street Interactive during the second quarter worth $212,000. Mercer Global Advisors Inc. ADV bought a new position in Rush Street Interactive during the fourth quarter valued at $197,000. Finally, Cetera Investment Advisers bought a new position in Rush Street Interactive during the fourth quarter valued at $197,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Benchmark lifted their price target on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Rush Street Interactive in a research report on Monday, July 6th. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, July 8th. Wells Fargo & Company boosted their target price on Rush Street Interactive from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Finally, Susquehanna increased their price target on Rush Street Interactive from $30.00 to $36.00 and gave the company a “positive” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.89.

About Rush Street Interactive

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.