Rush Street Interactive ( (RSI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Rush Street Interactive’s stock movement is driven by its impressive first-quarter performance, with a 21% revenue increase to $262 million and a near doubling of adjusted EBITDA to $33 million. This growth stems from a 25% rise in the online casino sector and an 11% increase in sports betting. The company’s expansion in North America and international markets like Mexico and Colombia further bolstered its performance. Despite challenges such as Colombia’s VAT tax, RSI maintained its full-year 2025 revenue guidance, showcasing confidence in its strategic direction. As a result of these positive developments, Susquehanna has raised RSI’s price target, reflecting an optimistic outlook on the company’s future growth.
More about Rush Street Interactive
YTD Price Performance: -11.72%
Average Trading Volume: 1,971,658
Technical Sentiment Signal: Sell
Current Market Cap: $2.77B
For further insights into RSI stock on TipRanks’ Stock Analysis page.
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