Rush Street Interactive reported third-quarter 2025 revenue of $277.9 million, up 20% year on year, as the igaming and sportsbook operator posted net income of $14.8 million versus $3.2 million in Q3 2024. Adjusted EBITDA rose 54% to $36.0 million, while adjusted sales and marketing expense edged down 1% to $38.1 million. In the United States and Canada, Monthly Active Users reached approximately 225,000, up 34% year on year and 46% in online casino markets, with ARPMAU of $365. Latin America MAUs were about 415,000, up 30%, with ARPMAU of $27. The company said the results reflect continued growth in regulated igaming markets across the Americas.
RSI raised full-year 2025 guidance, forecasting revenue of $1.10–$1.12 billion, with the midpoint implying 20% growth on 2024, and Adjusted EBITDA of $147–$153 million, with the midpoint indicating 62% growth. Guidance assumes operations only in currently live jurisdictions under similar tax structures. The company will host its earnings call at 6:00 p.m. ET, with a webcast and investor materials available on its IR site. RSI continues to emphasise disciplined marketing and product execution as it scales igaming and online sports betting in the US, Canada and Latin America.
Richard Schwartz, Chief Executive Officer of RSI, said, “We’re pleased to report another strong quarter that underscores the resilience of our business model and player-first approach. Our third quarter results demonstrate continued momentum and acceleration of growth across key markets, led by our continued outperformance in the online casino space. Another quarter of record revenue, up 20% year-over-year, marks our tenth consecutive quarter of sequential revenue growth over the prior quarter. This growth was driven by record player acquisition and strong player engagement across our higher-value markets.
“What makes these results particularly compelling is the continued acceleration of growth in North American online casino markets. Delivering exceptional 46% year-over-year MAU growth, our United States and Canada online casino markets recorded the second highest quarterly growth rate since early 2021, achieved off a much larger player base. We’ve now seen accelerating year-over-year growth in this player base every single month since March, indicating strong underlying momentum that extends well beyond seasonal factors. We also had a record quarter as it relates to first-time depositors, beating our prior record by more than 10% while reducing marketing spend compared to the same period last year. This broad-based acceleration, even across our most mature markets validates our strategic approach of focusing on product differentiation and a high-quality customer experience.
“As we look ahead, we remain deeply committed to our player-first approach, delivering exceptional experiences and innovating in ways to drive engagement, positioning us for continued momentum and long-term success.”
