Rush Street Interactive has announced impressive financial results for the first quarter, achieving a record revenue of $370.4 million, which marks a 41% increase compared to the previous year. The company also reported a record adjusted EBITDA of $60.2 million, reflecting an 81% rise, prompting an upward revision of its full-year 2026 guidance due to robust player growth across its online casino operations.
Based in Chicago, the online casino and sports betting firm recorded a net income of $26.2 million, a significant 134% increase from $11.2 million a year ago. Earnings per share reached 14 cents, surpassing Wall Street predictions by two cents, while revenue outperformed consensus estimates by $39.57 million.
Following the announcement, shares of the company, traded on the New York Stock Exchange under the ticker RSI, surged nearly 20% in after-hours trading. Prior to this jump, RSI shares had already appreciated by 96.08% over the past year.
RSI has raised its revenue forecast for the full year 2026 to between $1.49 billion and $1.54 billion, indicating a year-over-year growth of 31% to 36%. The adjusted EBITDA is now projected to be in the range of $230 million to $250 million, suggesting a growth rate of 50% to 63%.
This updated outlook is based solely on the markets where the company currently operates, along with the anticipated launch of iGaming in Alberta, Canada, in July 2026. The forecast considers market maturity and competitive dynamics, while also assuming that RSI’s existing markets will maintain similar tax structures, including Colombia's temporary 16% emergency tax decree.
In the first quarter, the company reported approximately 839,000 monthly active users, a 51% increase from the same period in 2025. North American monthly active users reached around 296,000, up 46% year-over-year, driven by a 62% growth in online casino markets. In Latin America, including Mexico, the number of monthly active users was approximately 543,000, reflecting a 54% increase.
The average revenue per monthly active user was $317 in the U.S. and Canada, while it was $54 in Latin America. RSI also disclosed adjusted sales and marketing expenses of $46.2 million, which accounted for 12.5% of revenue.
Richard Schwartz, CEO of RSI, expressed satisfaction with the strong quarterly results, stating, “We are pleased to report another strong quarter of results, setting new records once again for revenue, net income, and adjusted EBITDA.”
Schwartz noted that the company has experienced accelerating player growth year-over-year for four consecutive quarters, driven by increased activity in North American online casino markets and a record number of first-time depositors during the quarter.
“The continued acceleration we've seen in revenue and player growth is particularly exciting,” he added. “In our North American online casino markets, MAUs grew an impressive 62%, surpassing the 51% growth we achieved in the fourth quarter of 2025.”
He concluded by highlighting that the company has maintained disciplined marketing expenditures during the quarter, while improvements in acquisition, retention, and player experience have fueled ongoing growth.