Rush Street Interactive Starts 2025 with Big Revenue Jump and Better Profits

Rush Street Interactive (RSI) has kicked off 2025 well, showing great financial results for the first quarter with big revenue increases, better profits, and more users getting involved in the main markets.

Rush Street Interactive Surges in Q1 with 21% Revenue Growth and Return to Profitability

The Chicago-based online gaming and sportsbook operator saw its revenue climb to $262.4 million in Q1 2025, a 21% jump from the previous year. This growth follows the company’s $217.4 million earnings in the same quarter last year. RSI also made a breakthrough in profitability, moving from a $2.2 million net loss in Q1 2024 to a net income of $11.2 million this year.

The company’s adjusted EBITDA doubled, rising 95% to $33.2 million, up from $17.1 million a year before. Steady player engagement and a small increase in marketing costs, which went up by 3% to $38.8 million, helped drive this performance.

User growth stayed a bright spot for RSI. The count of monthly active users (MAUs) in the US and Canada grew 17% to 203,000, while Latin America experienced a jump of 61%, pushing the total to 354,000 users. Average revenue per user in North America inched up a bit to $368, but dropped in Latin America to $36, down from $44 the year before.

The company also bought back $5.2 million of its shares under a bigger $50 million buyback plan. RSI’s stock closed the quarter at $12.13 per share.

RSI CEO Highlights Customer Focus as Key to Q1 Gains

CEO Richard Schwartz pointed out that the company’s good performance comes from its focus on user experience and getting things done well. He said new products and ways to keep customers happy have led to more money and better profits. Schwartz also mentioned that their online casino division has been strong, helping keep things moving forward.

RSI stuck to its financial forecasts for all of 2025, still expecting to make between $1.01 billion and $1.08 billion. The middle of this range means they would grow by 13% from last year. The company also kept its adjusted EBITDA forecast the same, saying it will be between $115 million and $135 million for the whole year. The middle of this range would be 35% more than in 2024.

RSI operates in many US states and overseas markets like Mexico, Colombia, and Peru. The company keeps building its name as a top player in regulated online gaming. Its new team-ups, such as one with EveryMatrix in West Virginia and another with RubyPlay, have set it up to grow in both North and Latin American markets.