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Churchill Downs Q2 Revenue Rises 4.9% to $980 Million
Churchill Downs reported second-quarter revenue of $980 million, up 4.9% year over year, in line with analyst expectations. The company also narrowly beat EBITDA estimates. Among the six gaming solutions stocks tracked, Rush Street Interactive posted the strongest results with revenue up 46.3% to $393.8 million, while PlayStudios was the weakest with revenue down 7.3% to $54.99 million. DraftKings revenue fell 4.6% to $1.44 billion, missing estimates, and Accel Entertainment revenue rose 9.6% to $368.1 million, beating expectations. Shares of the group have fallen an average of 6.2% since reporting.
Yahoo Finance·8dRead more ▾
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AGS Launches Bonus Spin Xtreme Online Exclusively on BetRivers
AGS has debuted its award-winning table game progressive platform Bonus Spin Xtreme online for the first time, in an exclusive partnership with Rush Street Interactive’s BetRivers. The launch marks the first concentric wheel progressive released for online table games, bringing the land-based system that has surpassed 1,000 installations and awarded multiple seven-figure jackpots annually to real-money online play. Five exclusive BSX online games, including Blackjack Double Deck and the 2026 EKG award-winning Blackjack Single Deck, are now available to players in Michigan, New Jersey, Delaware, West Virginia, Ontario, and Alberta through the end of 2026. Within the first month, the progressive jackpot has already topped six figures on BetRivers Casino. AGS and RSI executives highlighted the partnership as a strategic move to bridge physical and digital play and drive player engagement.
GlobeNewswire·21dRead more ▾
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3 Profitable Stocks That Fall Short
StockStory highlights three profitable companies that may not be strong investments. Rush Street Interactive, with a trailing 12-month GAAP operating margin of 9.3%, saw its 28.5% annual sales growth lag the consumer discretionary sector, and its operating margin of 6.9% falls short of the industry average. United Parcel Service, at an 8.5% margin, faced flat sales and a 6.1 percentage point drop in free cash flow margin over five years. HNI, with a 6.4% margin, posted weak earnings growth, a 3.6% free cash flow margin, and a 6× net-debt-to-EBITDA ratio.
StockStory·49dRead more ▾
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Three Consumer Stocks Flagged as Risky
StockStory identifies Caesars Entertainment, Rush Street Interactive, and United Airlines as risky consumer stocks. Caesars Entertainment carries a high 7× net-debt-to-EBITDA ratio, increasing dilution risk, and trades at 98 times forward earnings. Rush Street Interactive’s substandard operating margins limit its responsiveness to market shifts, with shares at 47 times forward earnings. United Airlines lags peers in revenue passenger miles, has a below-industry 9.1% operating margin, and faces a projected 5.5 percentage point decline in free cash flow margin next year as it boosts investment.
StockStory·51dRead more ▾
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Clover Health Named Top Russell 2000 Pick, Rush Street and Nelnet Flagged as Risky
StockStory identified Clover Health as a Russell 2000 stock to own for decades, citing exceptional 31.2% annual revenue growth over the last two years, rising adjusted operating profits, and positive free cash flow. The firm flagged Rush Street Interactive and Nelnet as risky, pointing to Rush Street's below-peer operating margin of 6.9% and Nelnet's muted 5.5% annual revenue growth and 8.4% return on equity. Clover Health trades at 57.9 times forward earnings, Rush Street at 44.2 times, and Nelnet at 2.8 times forward sales.
StockStory·61dRead more ▾
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StockStory Highlights DoorDash and Coinbase as Cash-Heavy Picks, Questions Rush Street Interactive
StockStory identifies DoorDash and Coinbase as cash-rich companies with sustainable growth potential, while flagging Rush Street Interactive as a stock to avoid. DoorDash holds a net cash position of $2.25 billion, representing 3.3% of its market cap, and is noted for 22.9% average annual order growth and projected revenue growth of 25.6% over the next 12 months. Coinbase has a net cash position of $8.91 billion, or 21.1% of its market cap, with 28.5% annual revenue growth and a best-in-class gross margin of 85.9%. In contrast, Rush Street Interactive's $328.1 million net cash position, 10.8% of its market cap, is overshadowed by subpar operating margins and sales growth that lagged the broader consumer discretionary sector.
StockStory·69dRead more ▾