Online casino and sports betting company Rush Street Interactive (NYSE:RSI)
will be reporting results tomorrow after market hours. Here’s what you need to know.
Rush Street Interactive beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $254.2 million, up 31.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates. It reported 205,000 monthly active users, up 28.1% year on year.
This quarter, analysts are expecting Rush Street Interactive’s revenue to grow 20% year on year to $261 million, slowing from the 33.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.06 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rush Street Interactive has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.6% on average.
Looking at Rush Street Interactive’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Churchill Downs delivered year-on-year revenue growth of 8.7%, meeting analysts’ expectations, and Hasbro reported revenues up 17.1%, topping estimates by 14.8%. Churchill Downs traded down 16.3% following the results while Hasbro was up 15.9%.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.8% on average over the last month. Rush Street Interactive is up 14.2% during the same time and is heading into earnings with an average analyst price target of $15.86 (compared to the current share price of $12.24).
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