RSI Posts Q3 Results, Reports 10th Consecutive Quarter of Growth
Summary
Rush Street Interactive (RSI) reported record quarterly revenue of $277.9 million for the three months ended 30 September 2025, up 20% year‑on‑year. Net income rose to $14.8 million (from $3.2m) and adjusted EBITDA reached $36 million, a 54% increase. Monthly active users increased to 225,000 in the US and Canada and 415,000 in Latin America. RSI achieved these results while reducing adjusted sales and marketing spend slightly to $38.1 million. The company has raised its full‑year 2025 guidance for both revenue and adjusted EBITDA.
Key Points
- Q3 revenue: $277.9m, +20% vs prior year — a new quarterly record.
- Net income: $14.8m (vs $3.2m in Q3 2024).
- Adjusted EBITDA: $36m, +54% year‑on‑year.
- Monthly active users: 225,000 in US/Canada (34% increase) and 415,000 in Latin America (30% increase).
- Average spend per active user: $365 (US/Canada) and $27 (Latin America) for the quarter.
- Raised FY2025 revenue guidance to $1.10–1.12bn and adjusted EBITDA guidance to $147–153m.
- Q3 marked RSI’s 10th consecutive quarter of sequential revenue growth.
Content Summary
CEO Richard Schwartz attributed strong performance to a player‑first approach and expansion in key markets. RSI showed improved profitability and engagement without increasing marketing spend. The firm also adapted to Illinois’ new tax regime earlier in the year by implementing a $1 minimum bet rather than introducing a surcharge, a move designed to preserve player experience while managing regulatory costs.
Context and Relevance
This update matters to investors and industry watchers because it demonstrates scalable growth and improving unit economics for an iGaming operator operating across North and Latin America. The upgraded guidance and sustained user growth signal momentum that could influence competitor strategy, investor sentiment and market consolidation discussions.
Why should I read this
Short and sharp — RSI has posted punchy numbers, upped its outlook and kept growth streaking along. If you follow iGaming stocks, operator performance or US/LatAm market moves, this is the quick read that tells you who’s gaining ground and why.
Author style
Punchy: big numbers, clearer profitability and an upgraded outlook — a meaningful update for investors and industry watchers.