Rush Street Interactive Posts $28.8 Million Net Income in Q2 2025

Rush Street Interactive (RSI) posted record-breaking results for the second quarter of 2025, setting all-time highs in revenue, net income, and adjusted EBITDA.

Good To Know

• RSI achieved its 9th straight quarter of rising revenue and adjusted EBITDA.
• Online casino revenue grew 25% year-over-year, while online sports betting rose 15%.
• Monthly active users in North America and Latin America posted double-digit growth.

RSI generated $269.2 million in revenue for Q2 2025, a 22% increase from the same quarter in 2024. The company turned a net loss of $300,000 from last year into a $28.8 million net income, its strongest quarterly performance yet.

CEO Richard Schwartz praised the results, saying: 

“I’m excited to report that we’ve delivered another exceptional quarter with records across the board, marking our 9th consecutive quarter of improving both revenue and adjusted EBITDA from the preceding quarter. Our impressive record adjusted EBITDA growth of 88% year-over-year was driven by strong, broad-based performance across our business, with online casino revenue growing 25% and online sports betting up 15%.”

The operator’s adjusted EBITDA surged 88% year-over-year to $40.2 million, driven primarily by gains in its online casino vertical and solid growth in online sports betting.

Schwartz highlighted North America as a key driver, noting over 30% growth in Monthly Active Users (MAUs) for the online casino segment. Overall, MAUs in the region increased 21% year-over-year to 197,000. Latin America delivered even stronger user growth at 42%, reaching 403,000 MAUs.

Outlook and Buybacks

RSI repurchased $2.5 million of Class A common stock during the quarter as part of its $50 million buyback program, leaving $42 million still available.

The company also raised its full-year 2025 guidance:

• Revenue: $1.05–$1.1 billion
• Adjusted EBITDA: $133–$147 million

If RSI hits the midpoints of these projections, it would represent 16% revenue growth and a 51% increase in adjusted EBITDA compared to 2024.

Income from operations jumped nearly 480% year-over-year to $23.4 million. Despite a 13.3% rise in operating expenses to $244.9 million, RSI managed to set new records across every major financial metric in Q2 2025.

The post Rush Street Interactive Posts $28.8 Million Net Income in Q2 2025 appeared first on iGaming.org.