Rush Street Beats Q3 Profit Forecasts But Slower Growth Tests Outlook

The BetRivers operator recorded a 73% adjusted EBITDA increase, yet missed revenue expectations for the first time in four years. Rush Street Interactive grew profit 73% in the third quarter but missed sales forecasts for the first time in four years, exposing a North American iGaming slowdown that Latin American growth could not conceal. Revenue rose 39% year over year to $385.9 million, below the approximately $388 million consensus cited by Citizens JMP. Adjusted EBITDA, a non-GAAP measure, increased to $62.2 million from $36 million, beating the $55 million consensus by 13%.