Key Highlights

  • Consensus EPS of 0.13 compares with second-quarter diluted EPS of 0.10, against 0.12 a year earlier.
  • Consensus revenue of USD 388.05 million compares with second-quarter revenue of USD 393.8 million, up 46%.
  • Management raised 2026 revenue guidance to USD 1.56 billion to USD 1.6 billion for the full year.
  • Adjusted EBITDA was USD 64.6 million, up 61%, with 2026 guidance of USD 245 million to USD 265 million.

Rush Street Interactive (NYSE:RSI) reports third-quarter results on Wednesday, Oct. 28, after the market closes. Consensus stands at EPS of 0.13 on revenue of USD 388.05 million, and the company has a market capitalization of USD 3.78 billion.

Rush Street Interactive operates online casino and sports betting in North America and Latin America. Second-quarter revenue was USD 393,776 thousand against USD 269,217 thousand, and income from operations was USD 46,228 thousand against USD 24,324 thousand.

Estimates Against Second-Quarter Results

The EPS estimate of 0.13 is above the second-quarter diluted EPS of 0.10, which compared with 0.12 a year earlier. The estimates table does not state its EPS basis. The revenue estimate of USD 388.05 million is below the USD 393,776 thousand reported, which compared with USD 269,217 thousand.

Management gave no third-quarter range but said sequential marketing spend might rise by USD 7 million to USD 10 million in the third quarter, including the Alberta launch. Adjusted EBITDA was USD 64.6 million, up 61%.

What Management Guided and What It Left Open

Management raised 2026 revenue guidance to USD 1.56 billion to USD 1.6 billion, an increase of USD 65 million at the midpoint, and adjusted EBITDA guidance to USD 245 million to USD 265 million, growth of 59% to 72%. The company said the raise reflects North American online casino outperformance and Latin American markets.

Management left open marketing investment in the second half, including the Alberta launch, and sports hold, which reached high levels in Colombia and North America during the quarter. It projected depreciation and amortization of USD 47 million for 2026.

Online Casino, Users and Regional Detail

Online casino was 72% of total revenue. North American monthly active users were 296,000, up 51%, and Latin American monthly active users were 653,000, up 62%. North American ARPMAU was USD 320, down 18%, and Latin American ARPMAU was USD 55, up 82%.

Marketing expenses were USD 48.6 million, or 12.3% of revenue against 13.4%, and general and administrative expenses were USD 26.5 million, or 6.7% of revenue. In Alberta, first-time depositors and daily active users are at approximately 2 times Ontario's initial launch levels on a population-adjusted basis.

Income Statement Lines, Cash and Buybacks

Cost of revenue was USD 254,116 thousand against USD 174,147 thousand, and sales and marketing was USD 49,885 thousand against USD 37,132 thousand. General and administrative expenses were USD 32,473 thousand against USD 23,787 thousand, and income before income taxes was USD 49,661 thousand against a loss of USD 86,187 thousand.

Cash and cash equivalents were USD 339,910 thousand, and the company reports no debt. It repurchased USD 29 million of shares, and the board authorized a new USD 100 million repurchase program. The estimates table lists a market capitalization of USD 3.78 billion.

Markers for the Release

Reported EPS against 0.13 and revenue against USD 388.05 million are the headline comparisons. Other markers are monthly active users, ARPMAU and the raised 2026 guidance.