Shares of Rush Street Interactive, Inc. (NYSE:RSI) surged 6.35% in after-hours trading on Wednesday following the release of its first-quarter 2025 financial results, which exceeded analysts' expectations on multiple fronts.
The online casino and sports betting company reported Q1 revenue of $262.407 million, surpassing the IBES estimate of $259.6 million. This represents a significant 20.68% increase compared to the same period last year. Rush Street Interactive's adjusted earnings per share came in at $0.09, beating the analyst consensus estimate of $0.06 by 50% and showing a remarkable 200% increase from $0.03 per share in the previous year.
Further boosting investor confidence, the company's Q1 adjusted EBITDA reached $33 million, comfortably beating the IBES estimate of $27.9 million. Despite the net income of $11.211 million falling short of the $15.5 million estimate, the overall strong performance and the company's decision to reiterate its full-year guidance have clearly resonated positively with investors. Rush Street Interactive maintained its fiscal year revenue outlook of $1,010 million to $1,080 million, signaling continued optimism about its growth trajectory in the competitive online gambling market.