Group 1 - Rush Street Interactive (RSI) has seen a 12.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Udemy (UDMY) has experienced a 9.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Envista (NVST) has reported an 8.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] Group 2 - Dorman Products (DORM) has seen a 7.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - CF Bankshares (CFBK) has experienced a 6.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Company Overview - Rush Street Interactive, Inc. (RSI) is a leading online casino and sports betting company operating in the United States and the Americas [3] - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets including Colombia, Ontario, Mexico, and Peru [3] - RSI operates under brands such as BetRivers, PlaySugarHouse, and RushBet, and has been recognized with multiple awards for customer service and operational excellence [3] Upcoming Event - Richard Schwartz, CEO, and Kyle Sauers, CFO of RSI will participate in a fireside chat at Oppenheimer's Technology, Internet & Communications Conference on August 13 at 9:55 a.m. Eastern Time [1] - Access to the webcast will be available through the "Investors" section of RSI's website, with a replay archived for 90 days [2]

Core Viewpoint - Rush Street Interactive Inc. has demonstrated significant growth in its second-quarter earnings, leading to a notable increase in its stock price, suggesting a positive outlook for the online gaming industry as a whole [1][4][13]. Company Performance - Rush Street's revenue grew by 22% year-over-year, reaching record levels, while EBITDA increased by 88% during the same period [4]. - The growth was driven by a 25% increase in revenue from the online casino segment and a 15% increase from sports betting [4]. - The company reported a year-over-year surge in monthly active users of 30% in North America and 40% in Latin America [6]. - Rush Street remains debt-free with cash reserves of $241 million and has raised its full-year revenue and EBITDA growth guidance to 16% and 51%, respectively [7]. Industry Context - The strong performance of Rush Street may indicate a broader trend of growth within the online gaming sector, particularly as competitors like PENN Entertainment prepare to report their earnings [2][3]. - Advances in AI, user experience, and data-driven personalization are contributing to a favorable environment for online gaming companies [2]. - The recent earnings miss by DraftKings raises questions about whether Rush Street's success is indicative of a broader industry trend or specific to the company itself [15]. Analyst Sentiment - Analysts are generally bullish on Rush Street, with eight out of ten rating it a Buy, despite the stock price exceeding the consensus price target of around $18 per share [7]. - The stock forecast suggests a potential downside of 8.61% from the current price of $19.58, with a 12-month price target of $17.89 [5][6].

Core Insights - Rush Street Interactive, Inc. (RSI) has launched its online poker platform, BetRivers Poker, in Delaware, Michigan, and West Virginia, following its successful debut in Pennsylvania, marking a significant multi-state expansion [1][2] - The expansion allows for a unified cross-state player pool, enhancing the gaming experience with larger tournament prize pools and deeper cash-game fields [2][5] - BetRivers Poker was developed with input from the poker community, led by industry figures Phil Galfond and Phil Hellmuth, focusing on player experience and engagement [3][4] Company Overview - RSI is a leading online gaming and sports entertainment company operating in the U.S., Canada, and Latin America, with real-money operations in fifteen U.S. states and several international markets [9] - The company has received multiple awards for its customer service and operational excellence, including the EGR North America Awards and SBC Latinoamérica Awards [9] Product Features - BetRivers Poker offers various game formats, including cash games, Sit & Go tournaments, and Multi-Table Tournaments (MTTs), with innovative features like dynamic avatars and player-driven design [5][7] - The platform aims to expand its digital presence through content initiatives like Poker Night in America and PokerBratTV on YouTube, providing exclusive content and player engagement opportunities [5]

Financial Performance - First quarter revenue reached $262 million, representing a 21% increase year-over-year from $217.4 million in Q1 2024 [1][8] - Net income for the first quarter was $11.2 million, a significant turnaround from a net loss of $2.2 million in the same period last year [1][8] - Adjusted EBITDA for the first quarter was $33.2 million, up 95% compared to $17.1 million in Q1 2024 [1][8] Guidance - The company reiterated its full-year 2025 revenue guidance, expecting it to be between $1,010 million and $1,080 million, with a midpoint of $1,045 million indicating a 13% growth from $924 million in 2024 [4] - Adjusted EBITDA guidance for the full year 2025 is set between $115 million and $135 million, with a midpoint of $125 million, which is a 35% increase from $92.5 million in 2024 [5] User Engagement - Monthly Active Users (MAUs) in the United States and Canada were approximately 203,000, reflecting a 17% year-over-year increase [8] - MAUs in Latin America reached approximately 354,000, marking a 61% increase year-over-year [8] - Average Revenue per Monthly Active User (ARPMAU) in the United States and Canada was $368, up 3% year-over-year, while ARPMAU in Latin America was $36, down from $44 last year [8] Stock Buyback - The company repurchased $5.2 million of Class A common stock under its $50 million authorized buyback program [8]