RSI Delivers a Standout Q2: Revenue Climbs 46%, Latin America Takes Off, and a $100M Buyback Gets the Green Light
RSI sits 72% above its 52-week low of $15.51 on elevated volume (2.4× avg).
Summary
RSI's Q2 2026 results crushed expectations, with revenue soaring 46% to $393.8M and Latin America revenue nearly tripling. The company authorized a new $100M buyback and amended its charter to limit director liability.
Key Events · Earnings and Guidance · RSI
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Revenue Surges 46% to $393.8M
Q2 2026 revenue hit $393.8 million, up from $269.2 million a year ago, driven by online casino and sports betting growth. Latin America revenue exploded to $107.9 million from $36.6 million.
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Adjusted EBITDA Jumps 61% to $64.6M
Adjusted EBITDA reached $64.6 million, up from $40.2 million in Q2 2025, as operating leverage improved. Net income was $29.3 million, flat year-over-year due to higher tax expense and share count.
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New $100M Stock Buyback Authorized
The board replaced the prior $50 million repurchase program with a new $100 million authorization, signaling confidence in the stock. The company also repurchased and retired 1.15 million shares during the quarter at $24.96 each.
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Charter Amendment Limits Director Liability
An amendment to the certificate of incorporation, effective June 5, 2026, limits personal liability of directors and officers to the fullest extent permitted by Delaware law and modifies director removal provisions.
Analysis · RSI · Trade & Services
Rush Street Interactive turned in a standout quarter, with revenue climbing 46% to $393.8 million and Adjusted EBITDA advancing 61% to $64.6 million. The Latin America segment stole the show, nearly tripling revenue year-over-year as the company rode World Cup tailwinds. The balance sheet remains pristine — $339.9 million in cash and zero debt — and management signaled confidence by replacing the old buyback with a fresh $100 million authorization. A charter amendment also strengthened director liability protections. The only blemish: basic EPS fell to $0.10 from $0.18 a year ago, reflecting a higher share count after the May secondary offering and RSILP unit exchanges.
At the time of this filing, RSI was trading at $26.64 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $15.51 to $34.53. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.