RSI shares fell 10.0% after the earnings release. Despite strong reported growth, investors may have focused on management’s note that North American online gaming growth moderated, while Latin American MAUs eased from the World Cup-driven Q2 peak; the supplied transcript does not include updated financial guidance.
- Q3 revenue was $385.9 million, up 39% year over year; adjusted EBITDA was $62.2 million, up 73%.
- Online casino generated 75% of revenue. North American MAUs rose 34% year over year to a record quarterly high above 300,000.
- Latin American MAUs increased 46% year over year to more than 607,000, but were below Q2’s World Cup-driven peak. LatAm revenue held at its Q2 record and grew more than 200% year over year.
- Management described North American online casino and sports market growth as more measured, with moderation broad-based across player cohorts.
- RSI said Colombia’s 2027 budget included no new gaming taxes; it expects the gaming tax to return to 15%, while assuming the 16% excise tax remains through 2026 and expires at year-end.
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