Rush Street Interactive Q3 Revenue Rises 39% as Full-Year Guidance Holds

Rush Street Interactive reported third-quarter 2026 revenue of $385.9 million, up 39% year over year, and net income of $28.7 million, up 93%, in results released October 28, 2026, with the online casino and sports betting operator also reiterating its full-year revenue and Adjusted EBITDA guidance.

Third-Quarter 2026 Results

The Chicago-based company’s results cover the quarter ended September 30, 2026. Revenue of $385.9 million compared with $277.9 million in the third quarter of 2025, and net income of $28.7 million compared with $14.8 million a year earlier.

Adjusted EBITDA was $62.2 million, an increase of 73% from $36.0 million in the prior-year quarter. RSI defines Adjusted EBITDA, a non-GAAP financial measure, as net income before interest, income taxes, depreciation and amortization, share-based compensation, and adjustments for certain one-time or non-recurring items.

Adjusted sales and marketing expense was $54.7 million, representing 14.2% of revenue. Income from operations was $42.7 million, compared with $19.5 million in the third quarter of 2025, and net interest income was $4.1 million. Basic and diluted earnings per common share attributable to RSI were $0.10, versus $0.06 a year earlier, while adjusted earnings per share, also a non-GAAP measure, was $0.15 versus $0.09.

Player Metrics

Monthly active users totaled 907,881 in the quarter, up 42% from the third quarter of 2025. North America monthly active users were 300,572, up 34% year over year, and Latin America monthly active users, including Mexico, were 607,308, up 46%. RSI said the North America figure set a quarterly record.

Average revenue per monthly active user was $309 in North America and $58 in Latin America during the quarter.

RSI defines monthly active users as the number of unique users per month who have placed at least one real-money bet across one or more of its online casino, poker, or online sports betting offerings, and average revenue per monthly active user as average revenue divided by average monthly active users for the applicable period. The company said the metrics are based on internal data and estimates, and that its definitions and calculations may differ from similarly titled metrics published by competitors.

“Our third quarter results demonstrated the scale we’ve built into our business model,” Chief Executive Officer Richard Schwartz said. “We grew revenues 39% while demonstrating continued operating leverage, even as we invested more in marketing where we saw attractive returns. Online casino remains the engine of our profitability, and we’re pleased to have reached a new quarterly record this period for monthly active users in North America.”

Schwartz said revenue growth in Latin America remained strong on both a gross and net basis, and that customers who joined during the World Cup continue to play across RSI’s products. He said the company is now more than three months into its launch in Alberta and expects the ramp in that market to be gradual.

“We enter the fourth quarter with a strong balance sheet, a scalable profitability model, continued marketing efficiency, and the flexibility to be opportunistic on how we invest in long-term growth,” Schwartz said.

Full-Year 2026 Guidance

RSI reiterated its guidance for the full year ending December 31, 2026. Revenue is expected in a range of $1.56 billion to $1.60 billion, representing year-over-year growth of 38% to 41%, and Adjusted EBITDA is expected in a range of $245 million to $265 million, representing growth of 59% to 72%.

The company said the ranges reflect its confidence in the underlying strength of the business while incorporating what it described as prudent assumptions about market maturation and competitive dynamics. The guidance assumes that only operations in jurisdictions live as of October 28, 2026 are included, and that RSI continues to operate in its current live markets under similar tax structures, including the temporary emergency 16% tax decree in Colombia.

RSI said information reconciling the forward-looking Adjusted EBITDA guidance to its most directly comparable GAAP measure, net income, is unavailable without unreasonable effort, citing the inherent difficulty of forecasting and quantifying the comparable GAAP measure and the applicable adjustments.

For the nine months ended September 30, 2026, RSI reported revenue of $1.15 billion, compared with $809.5 million in the same period of 2025. Nine-month net income was $84.2 million, versus $54.9 million a year earlier, and nine-month Adjusted EBITDA was $187.0 million, versus $109.5 million.

Net cash provided by operating activities was $143.3 million for the nine months, compared with $95.9 million in the prior-year period. Financing outflows included $28.8 million for the repurchase and retirement of Class A common stock and $13.5 million for additional repurchases of Class A common stock. Cash, cash equivalents and restricted cash stood at $385.9 million at September 30, 2026.

RSI scheduled a conference call and audio webcast for 6:00 p.m. Eastern Time on October 28, 2026, with a question-and-answer session following prepared remarks. The company said the webcast replay and an investor slide presentation will remain available on its investor relations website until at least November 30, 2026.