Financial Markets: Rush Street, Caesars, VICI, Bright Star Lottery, international industries including gaming and lottery sectors, as discussed by Wall Street Bets.
Rush Street Gaming, through its subsidiary Rush Street Interactive (RSI), has reported a promising outlook for revenue and Adjusted EBITDA for Q2 2025 and full fiscal years 2025-2026.
In Q2 2025, RSI achieved record revenue of $269.22 million, marking a 22.2% year-over-year increase, and adjusted EBITDA rose 88% to $40.2 million—a record high for the company.
For the full year 2025, the company has raised its revenue guidance to between $1.05 billion and $1.1 billion, representing approximately 16% growth compared to the previous year. Similarly, RSI has increased its adjusted EBITDA guidance to a range of $133 million to $147 million, reflecting a 51% increase from prior expectations.
Key growth drivers include strong performance in online casino and sports betting, expansion in North America and Latin America, and user base growth with a 30%+ increase in monthly active users in North America and a 42% surge in Latin America. Despite some headwinds such as a temporary 19% VAT on player deposits in Colombia, RSI managed to maintain robust net revenue and expects stronger growth once the VAT expires.
On the other hand, VICI, a leading gaming and hospitality company, has also raised its 2025 guidance by 1%. VICI's 2025E adjusted funds from operations/share is now estimated to be $2.36, and its adjusted funds from operations has increased by 1% according to analyst Barry Jonas of Truist Securities.
David Katz of Jefferies believes the increased guidance and defined path of growth support the bull case for Rush Street, lessening valuation concerns. Similarly, David Bain of Texas Capital Securities raised Caesars' calendar year 25E/calendar year 26E digital segment EBITDA by 5-6% following Caesars' 2Q25A results and earnings call.
However, it's important to note that sectors related to consumer spending, natural resources, and healthcare have been affected by challenges from higher tariffs and U.S. policies. Fitch Ratings published an update to its Global Corporates Sector Forecasts Monitor on July 31, where most corporate sector outlooks remain neutral, but 12 sectors have been revised to deteriorating outlooks.
In conclusion, the data signal a solid and accelerating financial and operational momentum for Rush Street Gaming and VICI through 2025 and into 2026, despite some challenges in certain sectors.
[1] Rush Street Gaming 2Q 2025 Earnings Release [2] Rush Street Gaming Q2 2025 Earnings Call Transcript [3] VICI 2Q 2025 Earnings Release [4] VICI Q2 2025 Earnings Call Transcript [5] Jefferies Research Note on Rush Street Gaming [6] Truist Securities Research Note on VICI [7] Texas Capital Securities Research Note on Caesars Entertainment
- The rising trends in sports betting and casino-games, coupled with the expansion in North America and Latin America, have significantly contributed to RSI's record revenue of $269.22 million in Q2 2025.
- Rush Street Interactive's casino culture, exemplified by key personalities in the industry, has led to an 88% increase in adjusted EBITDA, reaching $40.2 million in Q2 2025.
- Despite some challenges in sectors like healthcare and natural resources due to higher tariffs and US policies, influential analysts like David Katz of Jefferies and David Bain of Texas Capital Securities posit that the increased guidance and growth path for Rush Street Gaming and VICI warrant a bullish outlook for their stocks.
- As for gambling trends, while some sectors face deteriorating outlooks, the finance sector, including casino-and-gambling companies such as Rush Street Gaming and VICI, shows a solid and accelerating financial and operational momentum through 2025 and into 2026.
