Rush Street Interactive kept its 2026 revenue outlook at $1.56 billion to $1.60 billion, while operating trends observed so far in October placed revenue closer to the range’s lower end.

The company posted $385.9 million in third-quarter revenue, up 39% from a year earlier. Adjusted EBITDA was $62.2 million, an increase of 73% year over year.

Chief Executive Officer Richard Schwartz said the company’s casino-first strategy and Latin American operations were the primary drivers of the quarter. Online casino accounted for 75% of revenue and grew 32% year over year, while online sports betting represented nearly 25% of revenue and increased 70%, helped by Latin American activity and the World Cup.

North American online casino growth moderated. The company also noted stronger competition in Michigan. Management’s October assessment covered trends observed so far. Rush Street Interactive reiterated its full-year revenue range.

The company said World Cup-related player acquisition was particularly effective. Kyle Sauers, President and Chief Financial Officer, said roughly half of first-time depositors acquired during the event had subsequently placed an online casino wager. He said that cross-selling rate was well above the result from Copa América first-time depositors.

Schwartz said players acquired during the World Cup were retained at a similar rate to those acquired during Copa América, but have delivered a higher average value after the event. He also cited stronger brand awareness and improved execution as factors supporting the results.