Rush Street Interactive (NYSE:RSI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Posted by George Bondi on Oct 29th, 2026

Rush Street Interactive (NYSE:RSI – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, Briefing.com reports. The firm had revenue of $385.85 million for the quarter, compared to analyst estimates of $388.05 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%. The business’s revenue was up 38.8% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share.

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 Stock Performance

RSI traded down $0.98 during trading on Thursday, reaching $14.15. The company’s stock had a trading volume of 2,276,264 shares, compared to its average volume of 2,520,828. The company’s fifty day moving average price is $22.03 and its 200-day moving average price is $23.80. Rush Street Interactive has a 52-week low of $13.57 and a 52-week high of $34.53. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 48.28 and a beta of 1.71.

Insider Transactions at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.68, for a total value of $513,600.00. Following the completion of the sale, the chief operating officer directly owned 157,874 shares of the company’s stock, valued at $4,054,204.32. This trade represents a 11.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total value of $3,113,358.24. Following the completion of the sale, the chief executive officer owned 421,258 shares in the company, valued at approximately $11,803,649.16. This trade represents a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 603,998 shares of company stock valued at $14,814,268. Corporate insiders own 52.89% of the company’s stock.

Wall Street Analyst Weigh In

RSI has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rush Street Interactive in a research report on Thursday. New Street Research set a $35.00 target price on Rush Street Interactive in a report on Thursday, July 23rd. Barclays assumed coverage on Rush Street Interactive in a report on Friday, October 23rd. They issued an “overweight” rating and a $24.00 target price on the stock. Citigroup restated a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday. Finally, Morgan Stanley began coverage on Rush Street Interactive in a report on Monday, October 19th. They set an “equal weight” rating and a $22.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.67.

View Our Latest Stock Analysis on Rush Street Interactive

Trending Headlines about Rush Street Interactive

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

Positive Sentiment: RSI reported third-quarter earnings of $0.15 per share, exceeding the $0.13 consensus estimate and improving from $0.09 a year earlier. Net income rose 93% to $28.7 million, while adjusted EBITDA increased 73% to $62.2 million. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
Positive Sentiment: Quarterly revenue climbed 39% year over year to $385.9 million, and the company reported record North American monthly active users. Online casino operations generated approximately 75% of total revenue, highlighting RSI’s higher-margin casino exposure. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
Positive Sentiment: Needham maintained a “buy” rating and Oppenheimer retained an “outperform” rating. Each firm set a $25 target, implying substantial potential upside from recent levels despite cutting its target from $36. Oppenheimer recommendations
Neutral Sentiment: RSI reiterated its 2026 revenue outlook of $1.56 billion to $1.60 billion and maintained its full-year adjusted EBITDA guidance, preserving management’s broader forecast.
Negative Sentiment: Revenue of $385.9 million fell short of the approximately $388.1 million analyst consensus. Management also said October trends point toward the low end of its annual revenue range, raising concerns about near-term growth momentum. Rush Street Interactive reiterates 2026 revenue outlook
Negative Sentiment: The cuts in analyst price targets indicate that expectations have been reset after the earnings report, even though both analysts continue to recommend buying the stock.

About Rush Street Interactive

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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.