Core Viewpoint - Rush Street Interactive, Inc. (RSI) will release its fourth quarter and full year 2025 results on February 17, 2026, followed by a conference call to discuss the results [1]. Group 1: Earnings Release Details - The earnings press release and related materials will be available on RSI's investor relations website [2]. - The conference call will take place at 6:00 pm Eastern Time, with access via a toll-free number and local numbers for different regions [2]. Group 2: Company Overview - RSI is an online gaming and sports entertainment company operating in the U.S., Canada, and Latin America, with brands including BetRivers, PlaySugarHouse, and RushBet [4]. - The company operates in fifteen U.S. states and several international markets, offering real-money mobile and online gaming options [4]. - RSI has received multiple awards, including the 2025 EGR LatAm Awards Operator of the Year and the EGR North America Awards Customer Services Operator of the Year for five consecutive years [4].

Financial Data and Key Metrics Changes - For 2025, the company expects revenue to be a little over $1.1 billion and Adjusted EBITDA to be $150 million, with solid growth anticipated for 2026 [4] - Monthly active users in North America increased by 34% in Q3, with a notable 46% increase in markets with online casino offerings [8][9] - The cost to acquire players has decreased, contributing to record numbers of first-time depositors in Q2 and Q3 [6][8] Business Line Data and Key Metrics Changes - The revenue mix is approximately 70% from online casino and 30% from online sports [3] - The company has seen significant growth in player count and gross gaming revenue in Colombia, despite previous tax headwinds [18][19] - In Mexico, the company experienced over 100% year-over-year growth, benefiting from the shutdown of competitors [25] Market Data and Key Metrics Changes - North America accounts for about 85% of the company's operations, with 15% in Latin America [3] - In Michigan, the market revenue increased by 18%, while the company's revenue surged by 50% [5] - The company reported strong growth in New Jersey and Ontario, with increases of around 20% [10] Company Strategy and Development Direction - The company focuses on a customer-centric approach, prioritizing online casino over sports betting, which is seen as a long-term growth opportunity as more states legalize online casino [3][4] - The company is exploring new market opportunities, including Alberta and Maine, which have recently legalized online casino [11][12] - The competitive landscape is evolving with the introduction of prediction markets, but the company views it as more of a distraction than a direct threat [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the product and technology, which have contributed to attracting and retaining customers [6][34] - The company anticipates continued growth in existing markets, with all online casino markets growing more than 20% annually [14] - The management is optimistic about the potential for new legislation in states like Virginia, New York, and Illinois, which could provide significant opportunities [13] Other Important Information - The company has successfully navigated regulatory challenges in Colombia, with a new tax structure expected to be more favorable for profitability [20][21] - The company has a unique technology approach that enhances user experience, leading to higher average revenue per user compared to competitors [34] Q&A Session Summary Question: How many states do you have licenses in, and how many states provide licenses at this point in time? - The company holds licenses in all competitive states except Connecticut and Rhode Island, with operations in Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia [35] Question: When you open up a new state, how long does it take to break even? - The company has been profitable in the fourth quarter of operation in every online casino market launched in North America, typically recovering investments within six quarters [40]

Financial Data and Key Metrics Changes - For 2025, the company expects revenue to be a little over $1.1 billion and Adjusted EBITDA to be $150 million, with solid growth anticipated for 2026 [4] - Monthly active users in North America increased by 34% in Q3, with a notable 46% year-over-year increase in markets with online casino offerings [8][9] - The cost to acquire players has decreased, contributing to record numbers of first-time depositors in Q2 and Q3 [6][8] Business Line Data and Key Metrics Changes - The revenue mix is approximately 70% from online casino and 30% from online sports [3] - The company has seen significant growth in player count and gross gaming revenue in Colombia, despite previous tax headwinds [18][19] - In Mexico, the company experienced over 100% year-over-year growth, aided by the shutdown of competitors [25] Market Data and Key Metrics Changes - North America accounts for about 85% of the company's operations, with 15% in Latin America [3] - In Michigan, the market revenue increased by 18%, while the company's revenue surged by 50% [5] - The company reported strong growth in New Jersey and Ontario, with increases of around 20% [10] Company Strategy and Development Direction - The company focuses on a customer-centric approach, prioritizing online casino over sports betting, which is seen as a long-term growth opportunity as more states legalize online casino [3][4] - The company is exploring new market opportunities, including Alberta and Maine, which have recently legalized online casino [11][12] - The competitive landscape is evolving with the introduction of prediction markets, but the company views it as more of a distraction than a direct threat [15][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the product and technology, which have contributed to attracting and retaining customers [6][8] - The company anticipates continued growth in existing markets, with all online casino markets growing more than 20% annually [14] - The management is optimistic about the potential for growth in Colombia and Mexico, with plans to increase marketing efforts in these regions [21][30] Other Important Information - The company has a unique approach to technology, focusing on enhancing user experience through promotional games and community engagement, which has resulted in higher average revenue per user compared to competitors [34] - The company has licenses in all competitive states except Connecticut and Rhode Island, with a strong presence in Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia [35] Q&A Session Summary Question: What are the growth opportunities in North America? - The company sees potential in new markets like Alberta and Maine, which have recently legalized online casino [11][12] Question: How does the company view prediction markets? - The company considers prediction markets as more noise than a threat, focusing on its core business instead [15][17] Question: What is the situation in Colombia regarding taxes? - The company faced a 19% tax on deposits in 2025 but has since transitioned to a VAT on revenue, which is more favorable for profitability [18][20] Question: How long does it take to break even in new states? - The company has been profitable in the fourth quarter of operation in every online casino market launched in North America [40]

Financial Data and Key Metrics Changes - For 2025, the company expects revenue to be a little over $1.1 billion and Adjusted EBITDA to be around $150 million, with solid growth anticipated for 2026 [4] - Monthly active users in North America increased by 34% in Q3, with a notable 46% year-over-year growth in markets with online casino offerings [8][9] - The cost to acquire players has decreased, contributing to record numbers of first-time depositors in Q2 and Q3 [6][7] Business Line Data and Key Metrics Changes - The revenue mix is approximately 70% from online casino and 30% from online sports, with a focus on online casino in North America and sports betting in Latin America [3] - The company has outperformed competitors in key markets like Michigan, where revenues were up 50% in October and November [5][10] Market Data and Key Metrics Changes - North America accounts for about 85% of the company's operations, while Latin America makes up 15%, with significant growth opportunities as more states legalize online casino [3] - In Colombia, despite a challenging tax environment, the company has seen growth in player count and gross gaming revenue [17][18] - Mexico has shown over 100% year-over-year growth, benefiting from the shutdown of competitors [24] Company Strategy and Development Direction - The company adopts a customer-focused approach, prioritizing online casino over sports betting and being selective in capital investments to balance growth and profitability [3][4] - New market opportunities are being explored, including Alberta and Maine, which have recently legalized online casino [11][12] - The company is cautious about entering Brazil, waiting to assess the market dynamics before committing resources [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the product and technology, highlighting the importance of customer engagement and retention [6][34] - The competitive landscape is evolving, with management viewing prediction markets as more of a distraction than a direct threat [15][16] - The company anticipates continued growth in existing markets, with all online casino markets currently in operation growing more than 20% annually [13] Other Important Information - The company has a unique technology approach that enhances user experience, contributing to higher average revenue per user compared to competitors [34] - The company has been profitable in the fourth quarter of operation in every online casino market launched in North America [40] Q&A Session Summary Question: What are the growth opportunities in new markets? - Management highlighted Alberta and Maine as potential growth catalysts, with Alberta finalizing regulations and Maine recently approving online casino [11][12] Question: How does the company assess competition from prediction markets? - Management views prediction markets as noise, primarily affecting states without legalized sports betting, and does not plan to lead in this area [15][16] Question: What is the impact of the tax situation in Colombia? - The previous 19% tax on deposits was challenging, but a new 19% VAT on revenue is seen as incrementally positive for profitability [19][20] Question: How long does it take to break even in new states? - The company has been profitable in the fourth quarter of operation in every online casino market launched, with investment recovery typically within six quarters [40]

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]

Core Insights - Rush Street Interactive, Inc. (RSI) is participating in a fireside chat at Craig-Hallum's 5th Annual Online Gaming Conference on December 2, 2025 [1] - The event will feature CEO Richard Schwartz and CFO Kyle Sauers discussing the company's strategies and market position [1] Company Overview - RSI is a leading online gaming and sports entertainment company operating in the U.S., Canada, and Latin America, with brands including BetRivers, PlaySugarHouse, and RushBet [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 has received multiple awards for its customer service and operational excellence, including the EGR North America Awards for Customer Services Operator of the Year from 2020 to 2024 [3] - The company was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council [3]

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 Insights - Rush Street Interactive, Inc. (RSI) has promoted Kyle Sauers to President while retaining his role as Chief Financial Officer, reflecting the company's growth and leadership evolution [1][2] - The promotion allows CEO Richard Schwartz to focus on innovation, online casino legalization, regulatory advocacy, and strategic opportunities, while Sauers will enhance operational execution and market potential [2] - Sauers joined RSI in 2020 as CFO and has significantly contributed to the finance organization and strategic decisions, extending his influence beyond traditional finance roles [2][3] Company Overview - RSI is a leading online gaming and sports entertainment company operating in the U.S., Canada, and Latin America, with brands like BetRivers, PlaySugarHouse, and RushBet [4] - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets, including Colombia, Ontario, Mexico, and Peru [4] - RSI has received multiple awards for its customer service and operational excellence, including the EGR North America Awards and SBC Latinoamérica Awards [4]

Core Viewpoint - Rush Street Interactive, Inc. (RSI) is set to release its third quarter 2025 financial results on October 29, 2025, followed by a conference call to discuss the results [1]. Company Overview - RSI is an online gaming and sports entertainment company operating in the United States, Canada, and Latin America, with brands including BetRivers, PlaySugarHouse, and RushBet [4]. - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets, including Colombia, Ontario, Mexico, and Peru [4]. - RSI has received multiple awards for its services, including the EGR North America Awards Customer Services Operator of the Year for five consecutive years from 2020 to 2024 [4]. - The company was the first U.S.-based online casino and sports betting operator to receive RG Check iGaming Accreditation from the Responsible Gaming Council [4].

Core Insights - Rush Street Interactive, Inc. (RSI) has appointed Shubham Tyagi as Chief Technology Officer (CTO) to enhance its technology capabilities and innovation in the online gaming sector [1][5] Company Overview - RSI is a leading online casino and sports betting company operating in the United States, Canada, and Latin America, with brands such as BetRivers, PlaySugarHouse, and RushBet [6] - The company offers real-money mobile and online operations in fifteen U.S. states and several international markets, including Colombia, Ontario, Mexico, and Peru [6] - RSI has received multiple awards for its customer service and operational excellence, including the EGR North America Awards for Customer Services Operator of the Year from 2020 to 2024 [6] Leadership Appointment - Shubham Tyagi brings over 20 years of experience in leading global technology organizations across various sectors, including media, entertainment, and sports [2][3] - Prior to joining RSI, Tyagi served as CTO for Warner Bros. Discovery (WBD) - Sports, where he managed a global sports digital portfolio and led engineering teams across more than 20 platforms [3][4] - His leadership style emphasizes building trust and driving alignment, which aligns with RSI's commitment to innovation and player-first experiences [3][5] Strategic Direction - The appointment of Tyagi is part of RSI's strategy to invest in top-tier senior leadership, following recent strategic hires in marketing, product, and data leadership [5] - The company aims to develop advanced technical solutions that enhance player experiences and drive growth in the online gaming market [5]