Rush Street Interactive posted third-quarter revenue of $385.9 million, a 39% increase, and profit grew even faster than sales. The BetRivers parent left its full-year guidance where it was.

Net income came in at $28.7 million, nearly double the $14.8 million booked a year earlier, according to the company's third-quarter 2026 results.

Adjusted EBITDA rose 73% to $62.2 million. The operator also logged a record quarter for monthly active users in North America.

Profit Outpaces Revenue

Revenue a year earlier was $277.9 million. Through the first nine months of the year, revenue reached $1.15 billion, up from $809.5 million, and net income climbed to $84.2 million from $54.9 million.

Rush Street spent more to drive growth but held the line on costs. Sales and marketing expense rose to $56.0 million on a reported basis from $39.0 million; adjusted, it came to $54.7 million, or 14.2% of revenue.

Adjusted earnings per share were $0.15, against $0.09 a year ago.

Chief Executive Richard Schwartz said online casino is still the profit engine for the group and that the quarter demonstrated the scale built into its business model.

Players And Markets

Monthly active users hit 907,881, up 42%. North America accounted for 300,572 of them, a 34% gain and a quarterly record, while Latin America, which includes Mexico, grew 46% to 607,308.

Average revenue per monthly active user was $309 in North America and $58 in Latin America.

That gap says a lot about where the group's value comes from: US online casino and sportsbook players still generate most of it, even though the Latin American player base is now twice the size.

Schwartz said Latin American revenue growth stayed strong and that customers who signed up during the World Cup have continued to play across the product range.

In Alberta, where Rush Street went live more than three months ago, he expects a gradual ramp but sees room to grow in the new market.

Rush Street runs real-money online play in 15 US states, plus Ontario and Alberta, Colombia, Mexico, and Peru, under the BetRivers, PlaySugarHouse, and RushBet brands.

Guidance And Balance Sheet

The company restated its 2026 outlook. Revenue should land between $1.56 billion and $1.60 billion, growth of 38% to 41%.

Adjusted EBITDA is projected at $245 million to $265 million, up 59% to 72%.

The balance sheet got stronger over the period. Cash and cash equivalents totaled $381.9 million at the end of September, compared with $336.3 million at the close of 2025.

Schwartz said the group heads into the fourth quarter with room to invest opportunistically in long-term growth.

How It Compares

Another US operator reported its third quarter this week.

BetMGM posted 7% Q3 revenue growth and held its outlook, while Rush Street's 39% gain was powered by strong growth in Latin America.

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