Rush Street Interactive Earnings Call Transcripts
Fiscal Year 2026
-
Strong growth in casino and international markets, record customer acquisition, and improved profitability were driven by proprietary technology and focused marketing. Regulatory trends favor iCasino legalization, with new markets and product innovations set to fuel further expansion in 2026.
-
Strong growth in online casino and sports betting, with record user acquisition and expanding market share in North America and Latin America. New market launches, favorable regulatory changes, and differentiated technology are driving profitability and long-term opportunity.
Fiscal Year 2025
-
Record 2025 results with revenue up 23% to $1.13B and adjusted EBITDA up 66% to $153.7M, driven by strong user growth and a casino-first strategy. 2026 guidance projects 21–26% revenue growth, with continued margin improvement and new market opportunities ahead.
-
Q3 delivered record revenue and strong EBITDA growth, driven by North American online casino outperformance and robust player acquisition. Raised full-year guidance reflects confidence in continued momentum, despite regulatory headwinds in Colombia and Mexico.
-
iGaming remains the core growth and profit driver, supported by proprietary technology, unique content, and strong user retention. Expansion opportunities are significant in the US and internationally, with regulatory momentum and new launches in Canada and Latin America. Conservative guidance, but iCasino growth and user experience offer upside.
-
Q2 2025 delivered record revenue and profitability, with adjusted EBITDA up 88% year-over-year and revenue up 22%. Full-year guidance was raised, reflecting strong North American and Latin American growth, despite tax headwinds in Colombia and select U.S. states.
-
The meeting covered director elections, auditor ratification, and advisory votes on executive compensation and its future frequency. All proposals passed, with directors re-elected, the auditor ratified, and a three-year say-on-pay vote frequency chosen.
-
Q1 2025 revenue grew 21% year-over-year to $262M, with adjusted EBITDA nearly doubling and strong growth in both online casino and sports betting. Guidance for 2025 was reiterated, with upside possible if Colombia’s VAT tax is lifted.
-
Record financial results in 2024 were driven by product innovation, efficient marketing, and strong user growth. Regulatory momentum for iCasino is building, especially in New York and Illinois, while Latin America, particularly Mexico, is poised for further expansion in 2025.
-
Operating in 19 sports betting and 9 iCasino markets, the company has achieved record growth, driven by a product-first approach and strong iCasino performance. Efficient marketing, a debt-free balance sheet, and strategic expansion in Latin America and new U.S. markets position it for continued success.
Fiscal Year 2024
-
Record 2024 results with 34% revenue growth and 11x Adjusted EBITDA increase, driven by strong performance across all segments and geographies. 2025 guidance anticipates continued growth, with Colombian tax impact included and potential upside if repealed.
-
Profit growth and user experience are top priorities, with strong user and revenue growth in North America and Latin America. Product innovation and marketing efficiency drive customer acquisition at lower costs, while regulatory trends and capital allocation position the company for continued expansion.
-
Q3 2024 saw record revenue and EBITDA, with strong growth in both North America and Latin America. Guidance for full-year revenue and EBITDA was raised, a $50 million share buyback was announced, and product innovation and efficient marketing drove user and margin gains.
-
Second quarter revenue grew 34% year-over-year to $220.4 million, with record adjusted EBITDA of $21.4 million and strong growth in both iCasino and sports betting. Full-year guidance was raised for both revenue and EBITDA, reflecting robust performance across North America and Latin America.