RSI Posts Record Q2 Revenue of $393.8M, Raises Full-Year Guidance
RSI sits 93% above its 52-week low of $15.22.
Summary
Rush Street Interactive delivered a blowout Q2, with revenue surging 46% to a record $393.8M and Adjusted EBITDA jumping 61% to $64.6M. Net income hit a quarterly record of $29.3M. The company raised its full-year revenue outlook to $1.56B-$1.60B and Adjusted EBITDA to $245M-$265M, signaling confidence in sustained momentum. This follows a secondary offering in May where insiders sold $299M in shares, but the strong operational performance and guidance hike overshadow that overhang. North American online casino MAUs grew 64%, and the recent Alberta launch adds a new growth vector. The earnings call at 6pm ET will provide more color on margins and market expansion.
At the time of this announcement, RSI was trading at $29.40 on NYSE in the Trade & Services sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $15.22 to $34.53. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.