RSI Posts Record-Breaking Q1 Results & Optimistic FY 2026 Guidance

American online gaming and betting operator Rush Street Interactive (RSI) has published its financial report for the first quarter of the year, highlighting double-digit increases in both revenue and EBITDA. The strong metrics saw the company set new records, demonstrating the strength and potential of its business.

Q1 Was a Period of Strength for RSI

In its report, RSI outlined revenue of $370.4 million, up 41% year-on-year. This figure also set a new quarterly record for the operator. For comparison, RSI reported revenue of $262.4 million for the prior year period.

Net income, on the other hand, stood at $26.2 million, representing another quarterly record, as well as an increase of a whopping 134% year-on-year. To put things into perspective, RSI reported net income of $11.2 million for Q1 2025.

Adjusted EBITDA reached $60.2 million, setting yet another quarterly record. This figure marks an increase of 81% YOY compared to $33.2 million in Q1 2025.

RSI added that its sales and marketing expenses for the period were $46.2 million, or 12.5% of revenue.

Monthly active users (MAUs) for the period totaled 839,000, up 51% year-on-year. MAUs in NA and Latin America increased by 46% and 54%, respectively. On average, MAUs in NA spent $317 in Q1, while their peers in Latin America spent $54 for the same period.

In its report, RSI raised its revenue and adjusted EBITDA guidance for FY 2026, saying that it expects its revenue for the year to be in the range of $1.49 billion (up 31% YOY) and $1.54 billion (up 36% YOY).

The company’s EBITDA guidance, on the other hand, projects a range of between $230 million (up 50% YOY) and $250 million (up 63% YOY).

The Customer-Centric Approach Allowed RSI to Excel

Richard Schwartz, RSI’s CEO, commented on the results, praising his team’s record-breaking performance in Q1 2026. He was especially excited about the acceleration in revenue and player growth and the continued growth of his business.

Schwartz attributed the strong performance to the company’s customer-centric approach and the continued improvements to the player journey. He added that he was particularly excited about RSI’s future.

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.”