RSI revenues rise 21% to $262.4m for Q1
EBITDA also rose by a notable 95%, as income recovered from the loss experienced last year.
Key points:
– Rush Street Interactive has posted a 21% revenue rise to $262.4m for 2025’s first quarter
– Net income also recovered from a $2.2m loss experienced last year
– EBITDA rose 95% year-on-year, settling at a figure of $33.2m
Rush Street Interactive (RSI) has released its full financial results for the year’s first quarter, highlighting a year-on-year revenue rise of 21% to $262.4m.
Indeed, the organisation also highlighted a net income of $11.2m for Q1 2025, up from the $2.2m loss reported during the first quarter of the year prior. This positive upswing comes paired with a significant 95% year-on-year increase in adjusted EBITDA – which settled at $33.2m for the quarter.
Q1 2025 financial results
Increases in revenue, income and EBITDA make for a positive start to the year for RSI. However, the company did also experience a slight increase of 3% in adjusted sales and marketing expenses, which totaled $38.8m during Q1. Elsewhere, monthly active users also grew by 17% and 61% year-on-year in North America and LatAm, respectively.
As per these latest financial statistics, the operator has now reiterated its full year financial guidance, highlighting an expected revenue of between $1.01bn and $1.08bn, paired with an expected EBITDA of between $115m and $135m.
Q1 2025 highlights
These latest results come following a record-breaking Q4 for the company, which completed a FY 2024 financial calendar that saw RSI report $924m in revenues. During this year’s first quarter, the operator has underlined the repurchasing of $5.2m of common stock via its $50m buyback program.
Elsewhere, the company entered into a number of new partnership arrangements during the initial phase of the year, securing a new deal to help launch EveryMatrix in the West Virginian market in January, as well as brokering a collaboration with RubyPlay which helped introduce the provider to the US market.
Good to know: Results from RSI’s Q4 2024 set a company quarterly revenue record
CEO’s comments
Speaking on this latest report, RSI CEO, Richard Schwartz, 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.”
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