Online casino and sports betting company Rush Street Interactive (NYSE: RSI) reported Q2 CY2026 results topping the market’s revenue expectations, with sales up 46.3% year on year to $393.8 million. The company’s full-year revenue guidance of $1.58 billion at the midpoint came in 3.4% above analysts’ estimates. Its non-GAAP profit of $0.15 per share was in line with analysts’ consensus estimates.
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Rush Street Interactive (RSI) Q2 CY2026 Highlights:
- Revenue: $393.8 million vs analyst estimates of $367.7 million (46.3% year-on-year growth, 7.1% beat)
- Adjusted EPS: $0.15 vs analyst estimates of $0.15 (in line)
- Adjusted EBITDA: $64.62 million vs analyst estimates of $60.22 million (16.4% margin, 7.3% beat)
- The company lifted its revenue guidance for the full year to $1.58 billion at the midpoint from $1.52 billion, a 4.3% increase
- EBITDA guidance for the full year is $255 million at the midpoint, above analyst estimates of $246.2 million
- Operating Margin: 11.7%, up from 9% in the same quarter last year
- Market Capitalization: $3.20 billion
Richard Schwartz, Chief Executive Officer of RSI, said, "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.”
Company Overview
Specializing in online casino gaming and sports betting, Rush Street Interactive (NYSE: RSI) is an operator of digital gaming platforms.
Revenue Growth
Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Rush Street Interactive grew its sales at a 27.1% compounded annual growth rate. Though this growth is acceptable on an absolute basis, we need to see more than just topline growth for the consumer discretionary sector, which can display significant earnings volatility. This means our bar for the sector is particularly high, reflecting the non-essential and hit-driven nature of the products and services offered. Additionally, five-year CAGR starts around Covid, when revenue was depressed then rebounded.
We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new product or trend. Rush Street Interactive’s annualized revenue growth of 30.6% over the last two years is above its five-year trend, which is encouraging. 
This quarter, Rush Street Interactive reported magnificent year-on-year revenue growth of 46.3%, and its $393.8 million of revenue beat Wall Street’s estimates by 7.1%.
Looking ahead, sell-side analysts expect revenue to grow 20.4% over the next 12 months, a deceleration versus the last two years. Despite the slowdown, this projection is admirable and implies the market is baking in success for its products and services.
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Operating Margin
Rush Street Interactive’s operating margin has risen over the last 12 months and averaged 8.2% over the last two years. The company’s higher efficiency is a breath of fresh air, but its suboptimal cost structure means it still sports inadequate profitability for a consumer discretionary business.
This quarter, Rush Street Interactive generated an operating margin profit margin of 11.7%, up 2.7 percentage points year on year. This increase was a welcome development and shows it was more efficient.
Earnings Per Share
We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable.
Rush Street Interactive’s full-year EPS flipped from negative to positive over the last five years. This is encouraging and shows it’s at a critical moment in its life.
In Q2, Rush Street Interactive reported adjusted EPS of $0.15, up from $0.11 in the same quarter last year. This print was close to analysts’ estimates. Over the next 12 months, Wall Street expects Rush Street Interactive’s full-year EPS to grow 57.3% from $0.46 to $0.72.
Key Takeaways from Rush Street Interactive’s Q2 Results
We were impressed by Rush Street Interactive’s optimistic full-year revenue guidance, which blew past analysts’ expectations. We were also glad its revenue outperformed Wall Street’s estimates. Zooming out, we think this was a good print with some key areas of upside. The stock traded up 3.6% to $31.91 immediately following the results.
Rush Street Interactive put up rock-solid earnings, but one quarter doesn’t necessarily make the stock a buy. Let’s see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it’s free).
