Rush Street Interactive (NYSE:RSI) Issues Earnings Results, Hits Expectations

Rush Street Interactive (NYSE:RSI) posted its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15, FiscalAI reports. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm had revenue of $393.78 million during the quarter, compared to analyst estimates of $368.06 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 46.3% compared to the same quarter last year.

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

NYSE:RSI traded up $0.39 during mid-day trading on Wednesday, hitting $31.08. The company had a trading volume of 2,641,744 shares, compared to its average volume of 2,219,204. Rush Street Interactive has a fifty-two week low of $15.51 and a fifty-two week high of $34.53. The firm has a market cap of $7.23 billion, a P/E ratio of 109.61 and a beta of 1.56. The business’s fifty day moving average is $29.82 and its two-hundred day moving average is $24.17.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 74,500 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total value of $1,859,520.00. Following the completion of the transaction, the chief operating officer directly owned 237,874 shares of the company’s stock, valued at approximately $5,937,335.04. The trade was a 23.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Neil Bluhm sold 1,371,150 shares of the stock in a transaction that occurred 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. In the last ninety days, insiders sold 2,887,328 shares of company stock worth $74,151,223. 52.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of RSI. Ameriprise Financial Inc. lifted its position in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after purchasing an additional 2,496,109 shares in the last quarter. Two Sigma Investments LP lifted its position in Rush Street Interactive by 247.3% during the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after buying an additional 946,673 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Rush Street Interactive by 47.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock worth $43,562,000 after buying an additional 683,486 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Rush Street Interactive by 76.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company’s stock worth $26,065,000 after buying an additional 580,568 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Rush Street Interactive during the 4th quarter worth about $10,972,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday, July 6th. Jefferies Financial Group increased their price target on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Needham & Company LLC raised their price target on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citizens Jmp lifted their price objective on Rush Street Interactive from $30.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One 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. According to data from MarketBeat.com, the company currently has an average 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.