Rush Street Interactive (RSI) has wrapped up another solid quarter, delivering record revenue and rising profits as its online casino and sportsbook business keeps gathering pace. The company’s Q3 2025 results paint a picture of steady growth, smarter marketing, and growing engagement from players across North and Latin America.
RSI achieved USD 277.9 million (ca. EUR 239.2 million) in revenue for Q3 2025, up 20% from the same period last year and marking its tenth straight quarter of growth. Net income climbed to USD 14.8 million (ca. EUR 12.7 million), a big jump from USD 3.2 million (ca. EUR 2.8 million) a year ago. CEO Richard Schwartz said the performance “underscores the resilience of our model and the strength of our player-first approach.”
Adjusted EBITDA came in at USD 36 million (ca. EUR 31 million) in Q3 2025, up 54% from last year, reflecting a more efficient cost structure and higher player value. RSI managed to grow faster while cutting marketing spend slightly – down 1% year-over-year. The company said this was the result of more targeted campaigns and improvements to its gaming platform.
Monthly Active Users (MAUs) continued to climb, reaching roughly 225,000 in the U.S. and Canada, up 34% year-on-year. In Latin America, MAUs rose 30% to about 415,000. North America’s online casino markets stood out, growing 46% – the second-highest quarterly jump since 2021. RSI said the growth trend has been consistent each month since March.
Average Revenue per Monthly Active User in Q3 2025 was USD 365 (ca. EUR 314) in North America and USD 27 (ca. EUR 23) in Latin America, showing the contrast between more mature and newer markets. RSI also recorded its highest-ever number of first-time depositors, surpassing the previous record by more than 10%, even as it spent less on marketing. The company said that balancing growth and efficiency remains a key focus.
Looking ahead, RSI now expects 2025 revenue between USD 1.1 billion (ca. EUR 947 million) and USD 1.12 billion (ca. EUR 964 billion) , around 20% higher than last year. Adjusted EBITDA in 2025 is expected to be between USD 147 million (ca. EUR 127 million) and USD 153 million (ca. EUR 132 million), representing about 62% growth at the midpoint. These estimates assume RSI continues operating in its current jurisdictions under similar tax structures.
RSI runs its operations under the BetRivers, PlaySugarHouse, and RushBet brands, covering 15 U.S. states as well as Canada, Mexico, Colombia, and Peru. The company said it remains focused on building localised experiences and keeping players engaged.
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