Rush Street Interactive Posts Record Q3 Revenue and Profitability
Rush Street Interactive, Inc. (RSI) announced strong financial results for the third quarter (Q3) ended September 30, 2025. The company posted record quarterly revenue of $277.9 million, marking a 20% increase year-over-year (YoY). This was RSI’s tenth consecutive quarter of sequential revenue growth.
Profitability saw even sharper gains. Adjusted EBITDA reached $36.0 million, a significant 54% jump from the prior year. Net Income also climbed substantially to $14.8 million, up from $3.2 million in Q3 2024.
Acceleration of User Growth and Efficiency
RSI’s strong financial performance was driven by significant growth in monthly active users (MAU) and more efficient marketing spend.
North American Market Momentum
Growth in the United States and Canada was highlighted by RSI Chief Executive Officer Richard Schwartz. He noted the strong underlying momentum, especially in the online casino segment.
Schwartz called the 46% YoY MAU growth in the North American online casino markets the second-highest quarterly rate since early 2021, achieved off a much larger player base.
He stated that this acceleration validates the company’s focus on product differentiation and a high-quality customer experience.
Latin America and Marketing Efficiency
RSI also maintained strong growth in Latin America, where MAU reached approximately 415,000, a 30% increaseYoY. ARPMAU in this market was $27.
The company achieved record player acquisition while concurrently lowering marketing costs. RSI reported a record quarter for first-time depositors, beating the prior record by over 10%, while Adjusted Sales and Marketing Expensedecreased by 1% YoY to $38.1 million.
Schwartz commented: “This growth was driven by record player acquisition and strong player engagement across our higher-value markets.”
Full-Year Guidance Raised
Based on the strong Q3 results and underlying momentum, RSI raised its financial guidance for the full year 2025:
- Revenue: Expected in the range of $1.100 billion to $1.120 billion, representing a 20% growth at the midpoint compared to 2024.
- Adjusted EBITDA: Expected in the range of $147 million to $153 million, which represents a 62% growth at the midpoint compared to 2024.
The CEO concluded that the company remains deeply committed to its player-first approach, positioning it for “continued momentum and long-term success.”
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