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Rush Street Interactive (NYSE:RSI) is one of the 10 Stocks Notching Impressive Double-Digit Gains.
Rush Street climbed to a new all-time high on Wednesday, as investors cheered its stellar earnings performance in the first quarter of the year, with profits soaring by more-than-double, and revenues hitting records.
At intra-day trade, the stock jumped to its highest price of $29 before trimming gains to finish the session just up by 16.58 percent at $27.98 apiece.
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In an updated report, Rush Street Interactive (NYSE:RSI) said that its net income soared by 134 percent to $26.2 million from $11.2 million in the same period last year, while revenues climbed by 41 percent to $370.4 million from $262.4 million.
The strong quarter was attributed to the strong monthly active users, having jumped by 51 percent year-on-year to 839,000.
In the North America alone, average revenue per MAU stood at $317, while that of Latin America was at $54.
“These results validate the customer-centric approach that has consistently driven our performance. The systematic enhancements we’ve made throughout the entire player journey have created a compounding dynamic where strong acquisition brings high-quality players, effective retention keeps them engaged, and exceptional experiences drive value,” Rush Street Interactive (NYSE:RSI) CEO Richard Schwartz said.
Looking ahead, Rush Street Interactive (NYSE:RSI) raised its revenue growth forecast for full-year 2026 by 31 to 36 percent to a range of $1.49 billion to $1.54 billion, versus $1.375 billion to $1.425 billion previously.
Adjusted EBITDA is projected at $230 million to $250 million, or growth of 50 to 63 percent year-on-year, versus $210 million to $230 million prior.
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