Core Insights - The Zacks Gaming industry is facing challenges due to strained consumer spending, rising regulatory complexity, and compliance costs, but is benefiting from increased gaming revenues in Macau and strong demand for sports betting [1][3][4][5][6] Industry Overview - The Zacks Gaming industry encompasses companies that operate integrated casinos, hotels, and entertainment resorts, as well as those providing technology products and services in lotteries, electronic gaming, and sports betting [2] Key Themes - **Consumer Spending Pressure**: The U.S. gaming industry is experiencing reduced discretionary spending due to persistent inflation and rising costs, leading to more conservative spending habits among consumers [3] - **Regulatory Complexity**: The expansion of sports betting and iGaming is creating a fragmented regulatory environment, increasing compliance costs and compressing margins for operators [4] - **Macau Gaming Revenues**: Macau's gaming revenues rose 14.4% year-over-year to approximately MOP21.09 billion ($2.63 billion), indicating a steady recovery in the mass-market segment [5] - **Sports Betting Growth**: The legalization of sports betting across multiple states has significantly contributed to industry growth, with various digital platforms facilitating wagers [6] Industry Performance - The Zacks Gaming industry has underperformed the S&P 500 Index, rising 7.2% over the past year compared to the S&P 500's 15.7% growth [10] - The industry's current trailing EV/EBITDA ratio is 18.64, consistent with the S&P 500, with historical trading ranges between 14.16X and 28.46X over the past three years [13] Notable Companies - **Las Vegas Sands (LVS)**: Benefiting from strong travel demand and improved conditions in Macau and Singapore, with a 22% share price increase over the past year and a 10.1% rise in 2026 earnings estimates [16][17] - **Rush Street Interactive (RSI)**: Achieved record revenues with a 20% year-over-year increase, supported by a 46% surge in North American online casino monthly active users, and a 38.3% share price increase [20][21] - **Brightstar Lottery (BRSL)**: Strengthened its balance sheet post-IGT Gaming divestiture, with a 5% increase in 2026 earnings estimates despite a 19.9% decline in share price over the past year [24]

CHICAGO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced that Richard Schwartz, Chief Executive Officer, and Kyle Sauers, President and Chief Financial Officer, will participate in a fireside chat at Craig-Hallum’s 5th Annual Online Gaming Conference on Tuesday, December 2, at 10:00 a.m. Eastern Time. Access to the webcast of the event will be available t ...

Core Insights - Rush Street Interactive, Inc. (RSI) has been awarded Operator of the Year – North LatAm at the inaugural EGR LatAm Awards, recognizing its leadership in the Colombian and Peruvian markets [1][2] Company Performance - RSI has demonstrated exceptional growth and commercial success in the Latin American market, setting high standards and driving innovation across its business [2][4] - The company has expanded its RushBet brand and proprietary platform into Peru in 2024, reinforcing its leadership in the region's digital gaming market [3] Strategic Focus - The CEO of RSI emphasized the company's commitment to delivering innovative gaming experiences and exceptional customer service, which are central to its performance in the rapidly developing Latin American market [3] - RSI aims to introduce localized and customized gaming products and services to cater to varying regional player preferences [3] Industry Recognition - The EGR LatAm Awards celebrate the best in the betting and gaming sector in South America, recognizing operators that excel in innovation, sustainability, customer experience, and product development [4]

Core Viewpoint - Rush Street Interactive, Inc. (RSI) shows a significantly improving earnings outlook, making it a solid investment choice as analysts continue to raise earnings estimates for the company [1][2] Earnings Estimate Revisions - Analysts' optimism regarding RSI's earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2] - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with RSI benefiting from this trend [2][3] Current Quarter and Year Estimates - For the current quarter, RSI is expected to earn $0.10 per share, reflecting a year-over-year increase of +42.9%, with a 7.69% rise in the Zacks Consensus Estimate over the last 30 days [6] - For the full year, the expected earnings are $0.41 per share, representing a year-over-year change of +115.8%, with a 23.91% increase in the consensus estimate during the same period [7][8] Zacks Rank and Investment Potential - RSI currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in revising earnings estimates upward, which historically leads to outperformance compared to the S&P 500 [9] - The stock has increased by 5.5% over the past four weeks due to favorable estimate revisions, suggesting further upside potential [10]

Core Viewpoint - Rush Street Interactive, Inc. (RSI) shows potential for significant upside, with a mean price target of $23 indicating a 28.5% increase from its current price of $17.9 [1] Price Targets and Analyst Estimates - The mean estimate consists of eight short-term price targets with a standard deviation of $2.56, indicating variability among analysts [2] - The lowest estimate is $18.00, suggesting a 0.6% increase, while the highest estimate is $27.00, indicating a potential surge of 50.8% [2] - Analysts' price targets can be misleading, as they often set overly optimistic targets influenced by business relationships [7][8] Earnings Estimates and Analyst Agreement - Strong agreement among analysts regarding RSI's earnings prospects supports the expectation of an upside [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 23.9%, with two estimates moving higher and no negative revisions [12] - RSI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Conclusion on Price Movement - While consensus price targets may not reliably indicate the extent of potential gains, they can provide a directional guide for price movement [14]

Core Insights - Rogers Sugar Inc. reported strong fourth quarter and full-year results, demonstrating resilience in a challenging market, with consolidated adjusted EBITDA of $39.5 million for Q4 2025 and $150.4 million for the fiscal year [1][2] Financial Performance - Q4 2025 revenues were $322.7 million, down from $333.0 million in Q4 2024, while year-to-date revenues increased to $1.31 billion from $1.23 billion [2] - Gross margin for Q4 2025 was $44.0 million, compared to $49.7 million in Q4 2024, with adjusted gross margin rising to $51.9 million from $50.1 million [2][3] - Net earnings for Q4 2025 were $13.7 million, down from $18.6 million in Q4 2024, while adjusted net earnings increased to $19.8 million from $18.8 million [2][3] Segment Performance Sugar Segment - Sugar segment adjusted EBITDA for Q4 2025 was $35.1 million, up from $34.2 million in Q4 2024, driven by higher adjusted gross margin per metric tonne despite lower sales volume [2][3] - Sales volume in the Sugar segment for fiscal 2025 was 781,500 metric tonnes, an increase of 28,100 metric tonnes compared to fiscal 2024 [2][3] - Revenues for the Sugar segment in Q4 2025 were $259.0 million, down from $272.8 million in Q4 2024, primarily due to lower average prices and sales volume [3][4] Maple Segment - Maple segment adjusted EBITDA for Q4 2025 was $4.4 million, an increase from $4.1 million in Q4 2024, attributed to higher sales volume [2][9] - Revenues for the Maple segment in Q4 2025 were $63.7 million, up from $60.2 million in Q4 2024, driven by increased sales volume [9][10] LEAP Project - The LEAP Project aims to expand refining and logistics capacity in Eastern Canada, with total costs expected between $280 million and $300 million, and anticipated in-service by mid-2027 [5][14] - As of September 27, 2025, $128.4 million had been capitalized for the LEAP Project, including $3.7 million in interest costs [20][19] Outlook - The company expects continued strong financial results in 2026, with stable underlying demand for sugar and anticipated pricing increases [21][23] - For fiscal 2026, the Sugar segment is projected to have sales volumes between 750,000 and 770,000 metric tonnes, reflecting a slight reduction compared to 2025 [23][24] - The Maple segment anticipates sales volume growth of approximately 3% over 2025, with global demand for maple syrup expected to continue growing [31][32]

Core Insights - Rogers Sugar Inc. reported strong fourth quarter and full-year results, demonstrating resilience in a challenging market, with consolidated adjusted EBITDA of $39.5 million for Q4 2025 and $150.4 million for the fiscal year [1][2][3] Financial Performance - Q4 2025 revenues were $322.7 million, a decrease from $333.0 million in Q4 2024, while year-to-date revenues increased to $1.31 billion from $1.23 billion [2][3] - Gross margin for Q4 2025 was $44.0 million, down from $49.7 million in Q4 2024, but adjusted gross margin increased to $51.9 million from $50.1 million [2][3] - Adjusted net earnings for Q4 2025 were $19.8 million, compared to $18.8 million in Q4 2024, with adjusted net earnings per share rising to $0.16 from $0.14 [3][44] Sugar Segment Highlights - Sugar segment revenues for Q4 2025 were $259.0 million, down from $272.8 million in Q4 2024, while adjusted EBITDA increased to $35.1 million from $34.2 million [5][6] - Sales volume in the Sugar segment for fiscal 2025 was 781,500 metric tonnes, an increase of 28,100 metric tonnes compared to fiscal 2024 [6][8] - Adjusted gross margin per metric tonne in the Sugar segment increased to $237 from $217 year-over-year [10][43] Maple Segment Highlights - Maple segment revenues for Q4 2025 were $63.7 million, up from $60.2 million in Q4 2024, with adjusted EBITDA increasing to $4.4 million from $4.1 million [12][13] - Sales volume in the Maple segment for fiscal 2025 was 14% higher than the previous year, driven by increased sales to existing and new customers [6][12] LEAP Project - The LEAP Project aims to expand refining and logistics capacity in Eastern Canada, with an expected total cost between $280 million and $300 million, and anticipated in-service in the first half of 2027 [16][20] - As of September 27, 2025, $128.4 million had been capitalized for the LEAP Project, including $95.2 million spent in fiscal 2025 [22][24] Outlook - The company expects continued strong financial results in 2026, with stable underlying demand for sugar and anticipated pricing increases aligned with inflation [23][25] - Projected sales volume for the Sugar segment in 2026 is estimated between 750,000 and 770,000 metric tonnes, reflecting a slight reduction compared to 2025 [25][26] - The Maple segment is expected to see a sales volume growth of approximately 3% in 2026, contingent on market conditions and potential US tariffs [33][34]

Core Points - Rogers Sugar Inc. (RSI) will hold a conference call to discuss their 2025 fourth quarter results on November 27, 2025, at 8:00 a.m. Eastern Time [1] - The conference call will be chaired by Mr. Michael Walton, CEO, and Mr. Jean-Sébastien Couillard, CFO [1] Participation Details - To participate in the call, dial 1-800-717-1738 [2] - A recording of the conference call will be available by dialing 1-888-660-6264, access code 65224, until December 27, 2025 [2] - The discussion and presentation will also be accessible through a webcast at a specified URL [2] Contact Information - Jean-Sébastien Couillard serves as Vice President of Finance, CFO, and Corporate Secretary, with contact number 514-940-4350 [3] - Additional information can be found on the company's website [3]

Financial Performance - Revenue for Q3 2025 reached $277.9 million, a 19.7% increase from $232.1 million in Q3 2024[18] - Net income for Q3 2025 was $14.8 million, compared to $3.2 million in Q3 2024, representing a significant year-over-year growth[19] - The company reported a comprehensive income of $18.5 million for Q3 2025, compared to $3.1 million in Q3 2024[19] - Operating income for the nine months ended September 30, 2025, was $58.7 million, significantly higher than $12.2 million for the same period in 2024[18] - For the nine months ended September 30, 2025, net income increased significantly to $54.887 million compared to $748,000 in the same period of 2024[25] - The company reported a net income of $1.289 billion for the quarter, reflecting a 6% increase compared to the previous quarter[22] - Consolidated net income for the three months ended September 30, 2025, was $14,846 thousand, compared to $3,239 thousand for the same period in 2024, marking a significant increase of 358%[102] Revenue Breakdown - Total revenue for the three months ended September 30, 2025, was $277.9 million, a 19.7% increase from $232.1 million in the same period of 2024[60] - Online casino and online sports betting revenue for the nine months ended September 30, 2025, reached $804.5 million, up 20.9% from $664.6 million in the same period of 2024[60] - Retail sports betting revenue for the three months ended September 30, 2025, was $538, a decrease of 34.9% compared to $827 for the same period in 2024[60] - Social gaming revenue for the nine months ended September 30, 2025, increased to $3.7 million, compared to $3.3 million for the same period in 2024, reflecting a growth of 12.6%[60] - Revenue from the United States and Canada for the nine months ended September 30, 2025, was $701,848 thousand, up 22.8% from $571,439 thousand in 2024[61] Assets and Liabilities - Total assets as of September 30, 2025, amounted to $593.2 million, up from $379.5 million as of December 31, 2024[16] - Total liabilities increased to $318.8 million as of September 30, 2025, compared to $181.2 million at the end of 2024[16] - Total assets as of September 30, 2025, were $9.795 billion, with total liabilities of $4.555 billion[22] - Total cash, cash equivalents, and restricted cash at the end of the period was $277.553 million, up from $220.359 million at the end of September 2024, representing a year-over-year increase of approximately 25.9%[25] Shareholder Equity and Stock Transactions - As of March 31, 2025, the total stockholders' equity attributable to Rush Street Interactive, Inc. is $195,361,000, with an accumulated deficit of $130,610,000[21] - The balance of Class A Common Stock as of June 30, 2025, is 96,002,368 shares, with total additional paid-in capital of $241,125,000[21] - The company repurchased 733,019 shares of Class A Common Stock for approximately $7.6 million during the nine months ended September 30, 2025, at an average price of $10.41[72] - The company issued 2,684,333 shares of Class A Common Stock under the equity compensation plan, resulting in a reduction of $9,293,000 due to employee taxes[21] - The total stockholders' equity as of June 30, 2025, increased to $252,241,000, reflecting growth in the company's financial position[21] Cash Flow and Investments - Cash provided by operating activities for the nine months ended September 30, 2025, was $95.915 million, up from $80.553 million in 2024, reflecting a growth of approximately 19.0%[25] - The company reported a net cash used in investing activities of $28.867 million for the nine months ended September 30, 2025, compared to $26.215 million in 2024, indicating an increase in investment activities[25] - The company reported a net cash used in financing activities of $34.403 million for the nine months ended September 30, 2025, compared to $682,000 in 2024, indicating increased financing activities[25] Tax and Deferred Income - The company incurred $121.409 million in deferred income taxes for the nine months ended September 30, 2025, compared to a tax receivable agreement expense of $204, indicating a significant change in tax-related expenses[25] - The Company recognized an income tax expense of $7.2 million for the three months ended September 30, 2025, compared to $5.3 million in 2024, and a tax benefit of $(102.8) million for the nine months ended September 30, 2025[87] - The effective tax rates for the three and nine months ended September 30, 2025, were 32.6% and 214.6%, respectively, compared to 61.9% and 95.8% in 2024[87] Future Outlook and Strategic Initiatives - The company plans to expand its market presence through strategic acquisitions and new product launches in the upcoming quarters[22] - The future outlook remains positive, with guidance suggesting continued revenue growth in the next fiscal year[22] - The company is focusing on enhancing its technology development to drive future growth and innovation[22] - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[22] - Market expansion efforts are focused on increasing presence in Asia, targeting a 10% market share by the end of the next fiscal year[22] Accounting and Compliance - The company is evaluating the impact of new accounting standards on its financial statements, including ASU 2023-09 and ASU 2024-03, which will affect disclosures starting in 2025 and 2026 respectively[51][52] - The company will adopt new accounting standards for income tax disclosures starting with the fiscal year ending December 31, 2025[51] - The company is currently evaluating the impact of new accounting standards on its financial statements and disclosures[53] Legal and Regulatory Environment - The Company is not currently involved in any material legal proceedings, indicating a stable legal environment for operations[107]

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