RSI Lifts 2026 Forecast on Record $370M Q1 Revenue

Key Takeaways - Record Q1 Revenue: RSI booked $370.4 million in revenue, a 41% increase year-over-year.

• Surging User Growth: Monthly Active Users (MAUs) grew by 51% to nearly 839,000, with North American online casino MAUs up 62%.
• Raised Full-Year Guidance: The company now projects 2026 revenue between $1.49 billion and $1.54 billion.
• Profitability Soars: Adjusted EBITDA hit a record $60.2 million, an 81% jump from the prior year, with net income rising 134% to $26.2 million.

RSI Reports Landmark Quarter on Surging Player Activity Rush Street Interactive is on a roll.

The company just posted its financial results for the first quarter of 2026, and the numbers show significant growth across the board. According to its official Q1 2026 earnings release, revenue hit a record $370.4 million. That’s a 41% jump compared to the same period last year. The profit picture looks just as strong.

Adjusted EBITDA, a key measure of profitability, climbed 81% to a record $60.2 million. Net income also saw a massive increase, rising 134% to $26.2 million. These aren't just small wins, they are indicators of a company firing on all cylinders.

Massive User Growth Powers Rush Street Interactive's Q1 2026 Earnings So, where is all this growth coming from?

The answer is simple: more players. RSI reported its monthly active users (MAUs) in North America and Latin America reached approximately 839,000 in the first quarter. This represents a 51% increase year-over-year. This growth in player volume was complemented by a 10% increase in Average Revenue Per Monthly Active User (ARPU), indicating that RSI isn't just acquiring more players, it's also generating more value from them.

North American Casino Leads the Charge The most impressive figure for online casino players might be the growth within North America.

RSI saw its online casino MAUs in the US and Canada grow by 62% year-over-year. This outpaces the company's overall user growth, suggesting its casino offerings are resonating strongly in its most mature markets. This contrasts with its Latin American operations, which community analysts often point to as having higher user volume but lower average revenue per user (ARPU). The strong performance in North America highlights a balanced strategy, combining high-volume emerging markets with high-value established ones.

Upgraded Guidance Signals Strong Confidence for 2026 Following the blowout quarter, RSI's management raised its financial outlook for the rest of the year.

The company now expects full-year 2026 revenue to land between $1.49 billion and $1.54 billion. The midpoint of this range, $1.515 billion, would represent a 33% increase over 2025 revenue. Profitability expectations also got a boost. The new guidance for Adjusted EBITDA is between $230 million and $250 million.

This points to the company's ability to scale its operations while maintaining financial discipline. RSI's CEO, Richard Schwartz, commented on the performance in the earnings call. > "Our record first-quarter results demonstrate the power of our strategy and our team's relentless execution. We are acquiring and retaining high-quality players more efficiently than ever, which is leading to improved profitability and gives us the confidence to raise our outlook for the full year."- Richard Schwartz, CEO of Rush Street Interactive This kind of statement from leadership, backed by hard numbers, is exactly what investors and engaged players look for as a sign of a healthy operation.

What Comes Next for RSI?

With a strong quarter in the books, all eyes are on the future. A key event on the horizon is the upcoming launch of the regulated iGaming market in Alberta, Canada, expected in July 2026. This presents a new growth opportunity for RSI, which already has a presence in Canada via the Ontario market. How did the market react to the news?

Very positively. RSI shares jumped nearly 20% in after-hours trading following the announcement, building on a 96% gain over the prior twelve months. (Of course, past stock performance is no guarantee of future results.) This positive reaction serves as a strong third-party validation of the company's current trajectory. The next few months will be critical. Observers will be watching to see if RSI can maintain its user growth momentum and how quickly it can capitalize on the new Alberta market once it opens.