RSI Reports Ninth Consecutive Quarter of Revenue and EBITDA Growth in Q2

Rush Street Interactive (RSI), a major player in the casino and sports betting industry, has revealed its financial results for the second quarter of 2025, showcasing robust double-digit growth in both revenue and EBITDA. The company expressed strong satisfaction with its performance during this period and raised its financial forecasts for the year.

Continued Strong Performance

For the quarter ending June 30, 2025, RSI reported revenue of $269.2 million, marking a 22% increase compared to the same quarter last year. Notably, the company achieved a net income of $28.8 million in Q2 2025, a significant turnaround from a net loss of $0.3 million in the previous year’s period.

Adjusted EBITDA saw an impressive rise of 88%, reaching $40.2 million, compared to $21.4 million in the same quarter last year. This demonstrates a strong improvement in profits and operational efficiency.

Marketing and sales expenses remained largely stable at $36.2 million, while the number of monthly active users (MAUs) in the U.S. and Canada increased by 21% year-over-year to 197,000. Latin America showed even more substantial growth with MAUs rising 42% year-over-year to approximately 403,000.

RSI disclosed that the average revenue per monthly active user was $391 in the U.S., setting a new quarterly record, while in Latin America, the average was $30, reflecting a decrease due to the company’s bonus strategies in Colombia.

Additionally, RSI repurchased $2.5 million worth of its shares during Q2 as part of its $50 million stock buyback program, with around $42 million remaining available for future buybacks.

Upgraded Financial Outlook for 2025

Buoyed by the strong Q2 results, RSI has increased its guidance for the full year 2025. It now anticipates revenue in the range of $1.05 to $1.1 billion and adjusted EBITDA between $133 million and $147 million.

The midpoint of these estimates implies a 16% revenue growth to approximately $1.075 billion compared to the $924 million reported in 2024. Adjusted EBITDA is expected to grow by 51% year-over-year, reaching an estimated $140 million, up from $92.5 million in 2024.

However, RSI notes that these projections assume current business conditions and do not account for possible market expansions or changes in tax regulations.

CEO Richard Schwartz Praises Results

RSI’s CEO, Richard Schwartz, praised the company’s ninth straight quarter of revenue and EBITDA growth, attributing the success to a strong, well-rounded performance across all areas of the business.

“The consistency and resilience of our business model are clear in our results, especially in North American markets where online casino operations saw Monthly Active User growth exceeding 30%. Our strategic focus on comprehensive gaming offerings in key markets continues to fuel outstanding results and enhance player value,” Schwartz stated.

Richard Schwartz, CEO of RSI

Earlier in the year, RSI also initiated a program aimed at educating teenagers about the risks associated with gambling, highlighting its commitment to responsible gaming practices.