Rush Street Interactive earnings are in, and the numbers are looking strong. The online casino and sports betting company posted significant revenue growth for 2024. Here’s a breakdown of their latest financial results:

• Revenue for Q4 2024 reached $254.2 million, a 31% increase from Q4 2023, while full-year revenue hit $924.1 million, up 34%.

• Net income for Q4 stood at $6.5 million, a turnaround from a $5.5 million loss in Q4 2023. Full-year net income was $7.2 million, compared to a $60.1 million loss in 2023.

• Adjusted EBITDA for Q4 came in at $30.6 million, up 166% from $11.5 million in Q4 2023. Full-year Adjusted EBITDA soared to $92.5 million.

• Advertising and promotions expenses for Q4 were $43.1 million, up from $34.6 million in 2023. Full-year spending on ads dropped slightly to $155.8 million from $158.4 million.

• Monthly Active Users (MAUs) in the U.S. and Canada increased 28% year-over-year to 205,000. In Latin America, MAUs surged 71% to 348,000.

• Average revenue per monthly active user (ARPMAU) in the U.S. and Canada held steady at $346, while in Latin America, ARPMAU dropped slightly to $39 from $42.

• RSI ended 2024 with $229 million in unrestricted cash, a $61 million increase over the year.

• CEO Richard Schwartz highlighted strong performance across all markets, citing the company’s focus on technology and player experience as key growth drivers.

• For 2025, RSI projects revenue between $1.01 billion and $1.08 billion, representing up to 13% growth. Adjusted EBITDA is forecasted between $115 million and $135 million, a potential 35% increase.

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