Rush Street Interactive's Q2 Revenue Tops Estimates, Raises FY Guidance

Rush Street Interactive (RSI) stock surged 19.1% after Q2 results exceeded Wall Street estimates, with revenue up 22% to $269.2 million and a net income of $28.8 million. The online casino and sports betting company raised its full-year revenue guidance, driven by a 25% increase in its online casino business and a 15% rise in online sports betting. Analysts raised their price targets on the stock, which has set a new 52-week high.

Rush Street Interactive (RSI) stock surged 19.1% after the company reported its Q2 2025 earnings, which exceeded Wall Street estimates. The online casino and sports betting company reported revenue of $269.2 million, up 22% year-over-year, and a net income of $28.8 million [1].

The company's online casino business saw a 25% increase in revenue, while online sports betting grew by 15%. These strong performances led RSI to raise its full-year revenue guidance, reflecting the company's robust growth prospects. Analysts responded positively to the results, raising their price targets on the stock, which has now set a new 52-week high.

Key highlights of RSI's Q2 performance include:
- Revenue Growth: Revenue increased by 22% year-over-year to $269.2 million.
- Net Income: Net income of $28.8 million, up significantly from the previous quarter.
- Online Casino: Revenue from the online casino business grew by 25%.
- Online Sports Betting: Online sports betting revenue increased by 15%.

RSI's stock price increased by 2.75% in after-hours trading following the earnings announcement, reaching $15.95. This movement reflects positive investor sentiment and confidence in the company's growth prospects.

InvestingPro analysis indicates that RSI appears undervalued, with strong financial health metrics and a robust balance sheet. The company's financial health score of 3.24 (rated as "GREAT" by InvestingPro) supports its ambitious growth strategy.

RSI's CEO, Richard Schwartz, commented, "We’ve delivered another record quarter across the board," emphasizing the company’s successful performance. He also highlighted the strategic focus on online casino markets as a key driver of growth.

Looking ahead, RSI plans to continue its focus on expanding its iCasino market presence and launching in the Alberta market by 2026. The company's financial health score of 3.24 (rated as "GREAT" by InvestingPro) supports this ambitious growth strategy, with particularly strong scores in growth (3.9) and price momentum (3.93).

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-rush-street-interactive-q2-2025-earnings-beat-forecasts-93CH-4161555