Rush Street Q3 Revenue Misses Estimates at $385.9M
RSI is trading near its 52-week low of $14.822 (3.2% above the low) on elevated volume (2.0× avg).
Summary
Rush Street posted Q3 revenue of $385.851 million, short of the $388.8 million IBES estimate — a narrow miss of roughly $3 million — though revenue rose 39% on online casino strength. Profitability was solid: EBIT of $42.653 million, net income of $28.672 million, pretax profit of $46.79 million, and adjusted EBITDA of $62.2 million. The miss lands after a Q2 that beat handily with revenue up 46% to $393.8 million, so the sequential top-line step down is the number traders will focus on. Shares sit near the 52-week low of $14.82, well off the $34.53 high, so the stock is already priced for disappointment.
At the time of this announcement, RSI was trading at $15.30 on NYSE in the Trade & Services sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $14.82 to $34.53. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.