RSI sets quarterly record with $269.2m in revenue for Q2 2025, net income reaches $28.8m

Rush Street Interactive has released the figures behind its financial performance for the second quarter of 2025, having eclipsed record quarterly highs in revenue, net income and adjusted EBITDA throughout the period. 

Total revenue for the operator was reported to be $269.2m for Q2 2025, representing an increase of 22% from the prior year period and the ninth consecutive quarter of witnessing a rise in net revenue for RSI. After generating a net loss of $300,000 for Q2 2024, the operator produced a $28.8m net income for Q2 2025. 

“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%,” RSI CEO Richard Schwartz said. 

“The consistency and strength of our business model is evident in our results, particularly in North American markets that include online casino, where we saw Monthly Active User growth exceeding 30%. Our strategic focus on markets where we can deploy our full suite of gaming offerings continues to drive exceptional performance and maximize player value.”

As stated by Schwartz, the quarterly record generated by RSI for Q2 2025 was reported to be $40.2m, equating to an increase of 88% from the prior year period. The notable rise in net revenue for the operator was primarily driven by a 25% year-over-year increase from its casino vertical, as well as growth of 15% from the prior year period in online sports betting. 

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Monthly active users of the operator increased by 21% year-over-year to 197,000 in North America, while LatAm operations witnessed a rise in monthly active users of 42% from the prior year period for a total of 403,000. 

The operator also repurchased $2.5m of Class A common stock for Q2 2025 under RSI’s $50m authorized buyback program, leaving approximately $42m available according to the operator. RSI would go on to raise its full year (FY) guidance for both revenue and adjusted EBITDA as part of the report, now set between $1.05bn-$1.1bn and $133m-$147m for FY2025. 

If the midpoint of both figures were to be met for FY2025 – $1.075bn in revenue and $140m in adjusted EBITDA – it would represent increases of 16% and 51% year-over-year, respectively, for the operator. 

Income from operations also rose from the prior year period by a significant 479.6%, reported to be just over $23.4m throughout the second quarter of 2025. The operator was able to set new record-highs for quarterly revenue, net income and adjusted EBITDA while increasing its operating expenses by 13.3% year-over-year for a total of nearly $244.9m for Q2 2025. 

Kirk Geller

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