Rush Street Interactive (NYSE: RSI) has reported first quarter 2025 financial results, showing continued year-over-year growth across key igaming and sportsbook performance indicators. The company also reiterated its full-year guidance for both revenue and adjusted EBITDA.
For the three months ended March 31, RSI posted $262.4 million in revenue, a 21% increase from the $217.4 million recorded in Q1 2024. Net income for the period reached $11.2 million, compared to a net loss of $2.2 million in the same quarter last year. Adjusted EBITDA rose 95% year-over-year to $33.2 million.
RSI’s user metrics also reflected expansion across core markets. Monthly active users (MAUs) in the U.S. and Canada totalled approximately 203,000, up 17% year-over-year, while Latin American MAUs—covering markets such as Mexico—rose 61% to 354,000. Average revenue per monthly active user (ARPMAU) was $368 in North America, up 3%, and $36 in Latin America, compared to $44 last year.
The company allocated $5.2 million toward share repurchases during the quarter under its $50 million authorised buyback programme.
For the full year ending December 31, 2025, RSI maintained its revenue guidance between $1.01 billion and $1.08 billion, with a midpoint representing 13% growth compared to 2024. Adjusted EBITDA is expected to fall between $115 million and $135 million, with a midpoint of $125 million, representing a 35% year-over-year increase.
These projections are based on current operating conditions and jurisdictions in which RSI is active, assuming no significant changes to tax structures or regulatory frameworks.
Richard Schwartz, Chief Executive Officer of RSI, said, “We have started 2025 with strong momentum, building on our success from recent years. Our first quarter revenue increased by 21% year-over-year to $262 million, and our Adjusted EBITDA reached a record $33 million, nearly double that of Q1 2024. These strong results are driven by our commitment to innovation and enhancing the quality of our player experience, alongside efficient acquisition and retention of high-value players. The consistency and durability of our business, particularly in online casino, is reflected in our execution and performance and is the foundation of the optimism we have for sustaining our momentum going forward.”
