Rush Street Interactive Sets Sights on Continued Growth with Strong Q1 2025 Results
Rush Street Interactive (RSI), a leading provider of online sports betting and casino gaming experiences in the United States and Latin America, has kicked off 2025 with impressive momentum. In its first quarter earnings call, the company announced strong revenue growth and adjusted EBITDA performance, setting the stage for continued success throughout the year.
The RSI team reported $262 million in revenue for Q1 2025, a significant 21% increase from the same period last year. Adjusted EBITDA soared to $33 million, more than doubling the figure from Q1 2024. This growth is a testament to the company's commitment to innovation and delivering an exceptional player experience.
Richard Schwartz, Chief Executive Officer of RSI, highlighted the importance of prioritizing innovation and player quality in driving business success. 'We are consistently adding more players to our platform,' he noted, 'and these players are of higher value, acquired as efficiently as ever.' This focus has resulted in significant profitability and reinforces RSI's strong momentum.
The Q1 2025 results also showcased solid growth across both online casino and sports betting verticals. Online casino experienced a 25% increase, while sports betting grew by 11%, despite player-friendly outcomes throughout March Madness and the Philadelphia Eagles Super Bowl win. This balanced expansion demonstrates RSI's persistent efforts to enhance user experience and attract high-value players.
Regional highlights included North America, where MAU (Monthly Active Users) growth reached 17% year-over-year. In Latin America, MAUs continued to expand at a remarkable rate of 61% compared to Q1 2024. March was the second-highest level of MAUs in LatAm since July's Copa America finals.
RSI also saw very solid growth across all North American online markets, with year-over-year revenue increases in 15 out of 16 markets. Despite a challenging sports hold in Q1 this year, markets with both online casino and sports betting, such as Michigan, Delaware, and New Jersey, performed exceptionally well.
The RSI team expressed confidence in the company's future prospects, citing its differentiated offerings and commitment to innovation. With these strong Q1 2025 results, Rush Street Interactive sets itself up for continued growth and success throughout 2025.
