Rush Street Interactive revenue increases in Q3
Revenue was $277.9m, up 20 per cent year-over-year.
US.- Rush Street Interactive (RSI) has announced financial results for the third quarter ended September 30. Revenue totalled $277.9m, an increase of 20 per cent from the same period in 2024.
The company reported that net income was $14.8m, compared to $3.2m in Q3 2024. Adjusted EBITDA was $36.0m, up 54 per cent, and adjusted sales and marketing expenses totalled $38.1m, down 1 per cent.
Monthly active users (MAU) in the US and Canada reached 225,000, up 34 per cent year-over-year. In Latin America, which includes Mexico, MAUs were 415,000, an increase of 30 per cent. Average revenue per monthly active user was $365 in the US and Canada and $27 in Latin America.
Richard Schwartz, chief executive officer of RSI, said: “We’re pleased to report another strong quarter that underscores the resilience of our business model and player-first approach. Our third quarter results demonstrate continued momentum and acceleration of growth across key markets, led by our continued outperformance in the online casino space. Another quarter of record revenue, up 20% year-over-year, marks our tenth consecutive quarter of sequential revenue growth over the prior quarter. This growth was driven by record player acquisition and strong player engagement across our higher-value markets.
“What makes these results particularly compelling is the continued acceleration of growth in North American online casino markets. Delivering exceptional 46% year-over-year MAU growth, our United States and Canada online casino markets recorded the second highest quarterly growth rate since early 2021, achieved off a much larger player base. We’ve now seen accelerating year-over-year growth in this player base every single month since March, indicating strong underlying momentum that extends well beyond seasonal factors.
“We also had a record quarter as it relates to first-time depositors, beating our prior record by more than 10% while reducing marketing spend compared to the same period last year. This broad-based acceleration, even across our most mature markets validates our strategic approach of focusing on product differentiation and a high-quality customer experience.”
RSI has named Kyle Sauers as president. He takes on the new position in addition to his role as chief financial officer (CFO).
