Rush Street Interactive (RSI) has announced exceptional financial results for the second quarter and first half of 2025, demonstrating significant growth and a successful recovery from previous net losses.
In its latest report, the operator revealed a 22% year-on-year revenue increase for Q2, reaching $269.2 million. This strong quarterly performance contributed to a total H1 2025 revenue of $531.6 million, an impressive 19.4% rise compared to the first half of 2024.
The company has now posted nine consecutive quarters of sequential growth in both revenue and adjusted EBITDA.
The second quarter was marked by robust profitability. Adjusted EBITDA saw a remarkable 88% year-on-year surge, settling at $40.2 million.
Furthermore, RSI successfully turned a net loss of $0.3 million from Q2 2024 into a substantial net profit of $28.8 million in the latest quarter. This was achieved while keeping adjusted sales and marketing expenses flat at $36.2 million.
The operator also reported a record quarterly average revenue per monthly active user (ARPU) in the U.S. and Canada of $391, the highest since the company went public. User growth was also strong, with monthly active users in the U.S. and Canada up 21% year-on-year to 197,000, and up 42% in Latin America to 403,000.
For the first half of 2025, RSI’s performance indicates a strong trajectory towards surpassing the $1 billion revenue mark for the full fiscal year.
Adjusted H1 EBITDA rose by 62.5% to $73.5 million, while net income recovered from a loss of $2.5 million in H1 2024 to a positive $40 million.
Speaking on the results, RSI CEO Richard Schwartz celebrated the “exceptional quarter with records across the board,” attributing the growth to strong performance in both online casino (up 25%) and online sports betting (up 15%).
In light of these positive results, RSI has officially raised its full-year 2025 financial guidance, now projecting revenue between $1.05 billion and $1.1 billion, with adjusted EBITDA expected to reach between $133 million and $147 million.
