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Jun 30
Rush Street Q2 2025 Earnings Report
Rush Street Interactive announced its second quarter 2025 results, reporting record quarterly revenue, net income, and adjusted EBITDA, and subsequently raised its full-year guidance.
Key Takeaways
Rush Street Interactive delivered an exceptional second quarter in 2025, achieving record revenue of $269.2 million, a 22% increase year-over-year. The company also reported a significant turnaround in profitability with a record net income of $28.8 million and a substantial 88% increase in Adjusted EBITDA to $40.2 million. This strong performance was driven by broad-based growth across its business, particularly in online casino revenue, and led to an upward revision of its full-year 2025 guidance.
Record quarterly revenue reached $269.2 million, marking a 22% increase compared to the second quarter of 2024.
The company achieved a record quarterly net income of $28.8 million, a significant improvement from a net loss in the prior year.
Adjusted EBITDA surged by 88% year-over-year to a record $40.2 million, reflecting strong operational performance.
Rush Street Interactive raised its full-year 2025 revenue and Adjusted EBITDA guidance, projecting continued growth.
Rush Street
Rush Street
Rush Street Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.com Forward Guidance
Rush Street Interactive is raising its full-year 2025 guidance for both revenue and Adjusted EBITDA, reflecting strong anticipated growth.
Positive Outlook
- Full-year 2025 revenue is now expected to be between $1,050 million and $1,100 million.
- The midpoint of the revenue guidance ($1,075 million) represents a 16% year-over-year growth compared to 2024.
- Adjusted EBITDA is now expected to be between $133 million and $147 million.
- The midpoint of the Adjusted EBITDA guidance ($140 million) represents a 51% year-over-year growth compared to 2024.
- Guidance is based on continued operations in live jurisdictions and similar tax structures.
Challenges Ahead
- The company cannot provide a reconciliation of forward-looking Adjusted EBITDA to GAAP net income due to inherent difficulties in forecasting and quantifying certain adjustments.
- Certain amounts necessary for reconciliation are outside of RSI’s control and may be subject to high variability or complexity.
- Preparation of such reconciliations would require forward-looking financial statements, which are unavailable without unreasonable effort.
- There is no assurance that all components of the Adjusted EBITDA calculation can be predicted.
- Guidance assumes no new market launches or significant changes in tax structures.