RSI Reports Record Q1 Revenue, Boosts FY 2026 Outlook

(AsiaGameHub) –   US-based online gaming and wagering operator Rush Street Interactive (RSI) has released its first-quarter financial report for the year, noting double-digit growth for both revenue and EBITDA. These strong performance metrics helped the company set new all-time records, highlighting the robustness and growth potential of its core business.

Q1 Delivered Solid, All-Round Performance for RSI

According to the published report, RSI recorded total revenue of $370.4 million, up 41% year over year. This figure also marks a new quarterly high for the operator. For reference, RSI posted $262.4 million in revenue in the same quarter of the previous year.

Meanwhile, net income stood at $26.2 million, representing another quarterly record, alongside a staggering 134% year-over-year increase. For context, RSI reported $11.2 million in net income for Q1 2025.

Adjusted EBITDA hit $60.2 million, notching yet another quarterly record for the firm. This number represents an 81% year-over-year rise compared to the $33.2 million recorded in Q1 2025.

RSI further noted that its sales and marketing expenses for the period were $46.2 million, equal to 12.5% of its total revenue.

Total monthly active users (MAUs) for the quarter reached 839,000, a 51% year-over-year increase. MAUs in North America and Latin America grew by 46% and 54% respectively. On average, North American MAUs spent $317 in Q1, while Latin American MAUs spent an average of $54 over the same period.

In its report, RSI lifted its full fiscal year 2026 revenue and adjusted EBITDA guidance, stating it expects full-year revenue to land between $1.49 billion (a 31% year-over-year rise) and $1.54 billion (a 36% year-over-year rise).

For adjusted EBITDA, the company’s updated forecast projects a range of $230 million (up 50% year over year) to $250 million (up 63% year over year).

Customer-First Strategy Fueled RSI’s Strong Results

Richard Schwartz, CEO of RSI, commented on the results, praising his team for delivering record-breaking performance in Q1 2026. He expressed particular enthusiasm for the accelerated revenue and player growth, as well as the ongoing expansion of the business.

Schwartz attributed the strong quarterly performance to the company’s customer-centric operating approach and continuous improvements to the player journey. He added that he is highly optimistic about RSI’s future prospects.

Schwartz said: “Looking ahead, we have tremendous confidence in our trajectory. We’re executing well, growing our player base rapidly and profitably, and preparing for an exciting new market launch in Alberta. We remain committed to delivering exceptional player experiences while creating long-term value for our shareholders.”