RSI’s Q2 Was Its 9th Quarter of Revenue and EBITDA Growth

Casino and sports betting giant Rush Street Interactive (RSI) has published its financials for the second quarter of the year, reporting double-digit growth in revenue and EBITDA. The leadership praised the period as an exceptional quarter and used the opportunity to raise the company’s full-year guidance.

The Company Continued to Go from Strength to Strength

In the three-month period ended June 30, 2025, RSI reported revenue of $269.2 million, up 22% year-on-year. At the same time, the company’s net income skyrocketed to $28.8 million for Q2 2025, compared to a net loss of $0.3 million in the prior year period.

Adjusted EBITDA experienced a stellar rise, increasing by 88% to $40.2 million. For comparison, the company reported EBITDA of only $21.4 million in the comparable prior year period.

Additional highlights show that the company’s adjusted sales and marketing expense remained mostly unchanged at $36.2 million. Monthly active users (MAUs) in the US and Canada, however, still increased by 21% YOY to 197,000. MAUs in the LATAM region, meanwhile, were approximately 403,000, up 42% YOY.

RSI added that its average revenue per monthly active user stood at $391 in the US, and $30 in Latin America. While the former figure is a new quarterly high for RSI, the latter represents a decline due to the company’s bonusing strategy in Colombia.

RSI added that it repurchased $2.5 million of its stock in Q2, in line with its $50 million share buyback initiative. The company still has roughly $42 million available under its authorized buyback program.

RSI Raised Its Guidance

Thanks to the favorable Q2 performance, RSI updated its guidance, raising its forecasts for 2025 revenue and adjusted EBITDA to $1.05-1.1 billion and $133-147 million, respectively.

At the midpoint of the forecast range, revenue of $1.075 billion would represent 16% growth YOY. For comparison, the company’s full-year revenue for 2024 stood at $924 million. The midpoint adjusted EBITDA of $140 million, on the other hand, would mark 51% growth YOY. To put things into perspective, RSI’s full-year EBITDA in 2024 stood at $92.5 million.

RSI warned that the aforementioned ranges are based on certain assumptions and exclude potential launches in new markets and possible tax changes in the markets where it operates.

CEO Schwartz Hailed the Report

Richard Schwartz, the company’s CEO, commented on the stellar report, saying that he is pleased with the exceptional quarter that delivered new quarterly records. He pointed out that this was RSI’s 9^th consecutive quarter of revenue and EBITDA growth, driven by “strong, broad-based performance” across the business.

The consistency and strength of our business model is evident in our results, particularly in North American markets that include online casino, where we saw Monthly Active User growth exceeding 30%. Our strategic focus on markets where we can deploy our full suite of gaming offerings continues to drive exceptional performance and maximize player value.

Richard Schwartz, CEO, RSI

Earlier this year, RSI launched a new program to raise awareness of the dangers of gambling among teens.