How Investors May Respond To Rush Street Interactive (RSI) Beating Earnings And Winning A Key LatAm Award
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Rush Street Interactive recently presented at the 5th Annual Craig-Hallum Online Gaming Conference and reported third-quarter earnings of US$0.09 per share on US$278,000,000 in revenue, ahead of analyst expectations.
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The company’s recognition as Operator of the Year – North LatAm for its expansion in Colombia and Peru underlines how Latin American growth and award-backed brand strength are shaping its position in online gaming.
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We’ll now examine how this Latin American award recognition and earnings momentum may influence Rush Street Interactive’s broader investment narrative.
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To own Rush Street Interactive you need to believe its mix of North American iGaming and faster growing Latin American operations can translate into durable profitability without being eroded by rising taxes and regulation. The recent earnings beat and Operator of the Year recognition are helpful for sentiment and brand credibility, but they do not materially change the key near term catalyst of scaling existing markets or the biggest risk around shifting tax and regulatory regimes.
The most relevant recent announcement here is RSI’s third quarter earnings, with US$0.09 per share on US$278,000,000 of revenue ahead of expectations. Combined with the Latin American award, this supports the thesis that user growth and engagement in existing jurisdictions are currently the main drivers of the story, even as investors weigh how much regulatory and tax risk in markets like Colombia could limit future margin expansion.
Yet investors should also be aware that future changes to gaming taxes in key Latin American markets could…
Read the full narrative on Rush Street Interactive (it’s free!)
Rush Street Interactive’s narrative projects $1.5 billion revenue and $44.7 million earnings by 2028. This requires 13.2% yearly revenue growth and a $19.5 million earnings increase from $25.2 million today.
Uncover how Rush Street Interactive’s forecasts yield a $22.86 fair value, a 22% upside to its current price.
Simply Wall St Community members currently see fair value between US$22.86 and US$26.84 across 2 independent estimates, underlining how widely views can differ. When you pair that spread with RSI’s reliance on continued legalization and growth in existing online gaming markets, it highlights why exploring several perspectives on the company’s future operating environment can be useful.
