Overview

* Rush Street Q2 revenue rises 22% yr/yr, beating analyst expectations

* Adjusted EBITDA up 88% yr/yr, exceeding estimates, per LSEG data

* The online gaming and sports entertainment companyraises full-year 2025 revenue and adjusted EBITDA guidance

Outlook

* RSI raises 2025 revenue guidance to $1,050-$1,100 mln

* Company expects 2025 Adjusted EBITDA between $133 mln and $147 mln

* RSI projects 16% revenue growth at midpoint for 2025

* Company anticipates 51% Adjusted EBITDA growth at midpoint for 2025

Result Drivers

* ONLINE CASINO GROWTH - Online casino revenue grew 25%, contributing significantly to overall revenue increase

* SPORTS BETTING INCREASE - Online sports betting revenue rose 15%, supporting strong quarterly results

* USER GROWTH - Monthly Active Users in North America and Latin America increased by 21% and 42% respectively, driving revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $269.22 $250.90

Revenue mln mln (9

Analysts

)

Q2 Net $28.83

Income mln

Q2 Beat $40.20 $27 mln

Adjusted mln (9

EBITDA Analysts

)

Q2 EBIT $24.32

mln

Q2 -$86.19

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the casinos & gaming peer group is "buy"

* Wall Street's median 12-month price target for Rush Street Interactive Inc ( RSI ) is $17.00, about 8.1% above its July 29 closing price of $15.63

* The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 31 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)