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

Rush Street Interactive (NYSE:RSI) issued its quarterly earnings results on Wednesday. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, Briefing.com reports. Rush Street Interactive had a return on equity of 25.26% and a net margin of 2.56%. The company had revenue of $385.85 million during the quarter, compared to analysts’ expectations of $388.05 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The firm’s revenue was up 38.8% compared to the same quarter last year.

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

• Q3 revenue rose 39% to $385.9 million and adjusted EBITDA increased 73% to $62.2 million, with adjusted EBITDA margins reaching 16.1% excluding a $4.3 million foreign-exchange gain. RSI ended the quarter with $382 million in cash, no debt, and continued share repurchases.
• North American iCasino growth moderated industrywide in the third quarter, with October trends pointing toward the low end of 2026 revenue guidance of $1.56 billion-$1.60 billion. Management cited broad-based softer player activity, increased competition in Michigan, and lower expected values for newer players.
• Latin America remained a major growth engine, with revenue up 218% year over year and MAUs up 46%; World Cup-acquired players showed strong post-event engagement, including roughly 50% cross-selling into iCasino. Alberta’s launch is also tracking at more than twice Ontario’s population-adjusted first-time-depositor and daily-active-user levels at a comparable stage.
• Marketing expenses increased 44% as RSI leaned into attractive player-acquisition costs, while management expects marketing growth to normalize and provide operating leverage in 2027. The company also sees potential upside from U.S. iCasino legalization, particularly in Virginia, Ohio, Indiana, Illinois, New York, and Washington, D.C.

Rush Street Interactive Price Performance

Shares of NYSE RSI traded down $1.40 during trading on Friday, hitting $12.22. 6,965,289 shares of the company were exchanged, compared to its average volume of 2,580,595. The firm’s fifty day moving average price is $21.78 and its 200 day moving average price is $23.77. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 36.78 and a beta of 1.71. Rush Street Interactive has a 1 year low of $11.98 and a 1 year high of $34.53.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RSI. Needham & Company LLC dropped their price objective on shares of Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings raised shares of Rush Street Interactive from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Rush Street Interactive in a research note on Thursday. Citizens Jmp cut their price target on Rush Street Interactive from $34.00 to $24.00 and set a “market outperform” rating on the stock in a report on Thursday. Finally, Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.54.

Insider Activity

In other news, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $19.87, for a total value of $397,400.00. Following the completion of the transaction, the chief operating officer owned 137,874 shares in the company, valued at approximately $2,739,556.38. This trade represents a 12.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $20.31, for a total value of $467,130.00. Following the completion of the sale, the chief financial officer owned 583,526 shares in the company, valued at $11,851,413.06. The trade was a 3.79% 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. Insiders sold 603,998 shares of company stock valued at $14,814,268 over the last quarter. 52.89% of the stock is currently owned by company insiders.

Rush Street Interactive News Summary

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

• Positive Sentiment: RSI reported third-quarter adjusted earnings of $0.15 per share, above the $0.13–$0.14 analyst consensus and up from $0.09 a year earlier. Revenue rose 38.8% year over year to $385.9 million, while net income increased 93% to $28.7 million and adjusted EBITDA climbed 73% to $62.2 million. Rush Street Interactive Announces Third Quarter 2026 Results
• Positive Sentiment: Record North American monthly active users and continued strength in online casino operations—reported to account for 75% of revenue—support the company’s growth story. Management also reiterated its full-year adjusted EBITDA outlook. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Barclays lowered its price target to $23 from $24 but maintained an “overweight” rating. The revised target still implies substantial potential upside, suggesting the firm views the selloff as excessive despite reducing its estimates. Barclays Lowers Rush Street Interactive Price Target
• Negative Sentiment: Quarterly revenue of $385.9 million missed the roughly $388.1 million consensus estimate. Although earnings beat expectations, the revenue shortfall may have raised concerns about growth momentum and contributed to the stock’s decline. Rush Street Interactive Q3 Earnings Top Estimates
• Negative Sentiment: RSI reiterated 2026 revenue guidance of $1.56 billion to $1.60 billion, with October trends pointing toward the low end; the $1.60 billion midpoint comparison is roughly in line with consensus but offers limited upside. Rush Street Interactive Reiterates 2026 Revenue Outlook
• Negative Sentiment: Several firms cut their targets: JPMorgan to $18 from $22 with a “neutral” rating, Citizens JMP to $24 from $34, Wells Fargo to $26 from $36, Oppenheimer to $25 from $36, and Needham to $25 from $36. The continued target resets signal lower near-term expectations, even though most firms retain bullish ratings. Analyst Ratings for Rush Street Interactive

About Rush Street Interactive

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.