Rush Street Interactive (RSI) has upgraded its outlook for 2026 following a remarkable second quarter marked by strong revenue and adjusted EBITDA growth, largely driven by its online casino segment and an increase in sports betting during the FIFA World Cup.
In the second quarter, RSI reported revenues of $393.8 million, reflecting a 46% increase from the same period last year. The company's net income for the quarter was $29.3 million, slightly up from last year's $28.8 million, while adjusted EBITDA surged by 61% to reach a record high of $64.6 million.
The number of Monthly Active Users (MAUs) rose significantly, climbing 58% year-on-year to approximately 949,000 users. North America saw a 51% increase in MAUs, totaling around 296,000, aided by an expansion into regulated online casinos. In Latin America, MAUs reached 653,000, marking a 62% year-on-year growth.
North America generated an average revenue per MAU of $320, while in Latin America, the figure stood at $55.
Looking to fiscal year 2026, RSI now estimates its revenue will fall between $1.56 billion and $1.60 billion, suggesting an annual growth rate of 38% to 41%. The adjusted EBITDA forecast has also been raised to an expected range of $245 million to $265 million, reflecting an annual growth of 59% to 72%. This outlook assumes that RSI will continue to operate only in its current regulated markets and adhere to existing tax regulations, including Colombia's temporary 16% emergency tax on online gambling.
Richard Schwartz, the Chief Executive Officer, remarked on the quarter's achievements, stating, "We delivered another record quarter, setting all-time highs once again for revenue and Adjusted EBITDA, driven by continued share gains in online casino and our sports betting markets benefiting from the World Cup. Our casino-first strategy continues to be the foundation of our business, with online casino representing 72 percent of our revenue this quarter. Player growth remained strong. We were also pleased to have successfully launched online casino and online sports in Alberta earlier this month, and we are encouraged by the early trends we are seeing there."
He expressed confidence in the company's long-term growth prospects, highlighting ongoing progress in core markets and a commitment to providing excellent player experiences to enhance shareholder value.
