Rush Street Interactive(US:RSI) Globenewswireยท2025-07-30 20:15Core Insights - Rush Street Interactive, Inc. (RSI) reported record quarterly revenue of $269 million, representing a 22% year-over-year increase [1][6] - The company achieved a record net income of approximately $29 million, compared to a net loss of $0.3 million in the same quarter last year [1][6] - Adjusted EBITDA reached over $40 million, marking an 88% year-over-year growth [1][6] - RSI raised its full-year 2025 revenue guidance to a range of $1,050 to $1,100 million, indicating a 16% growth at the midpoint [4] - Adjusted EBITDA guidance for 2025 was also increased to between $133 and $147 million, reflecting a 51% year-over-year growth at the midpoint [5] Financial Performance - Revenue for Q2 2025 was $269.2 million, up from $220.4 million in Q2 2024 [6] - Net income for Q2 2025 was $28.8 million, a significant improvement from a net loss of $0.3 million in Q2 2024 [6] - Adjusted EBITDA for Q2 2025 was $40.2 million, compared to $21.4 million in Q2 2024 [6] - Monthly Active Users (MAUs) in the U.S. and Canada increased by 21% year-over-year to approximately 197,000, while MAUs in Latin America grew nearly 42% to approximately 403,000 [6] Strategic Focus - The growth in adjusted EBITDA was attributed to strong performance across the business, with online casino revenue increasing by 25% and online sports betting revenue up by 15% [3] - The company emphasized its strategic focus on markets where it can deploy its full suite of gaming offerings, which has driven exceptional performance and maximized player value [3] Shareholder Returns - RSI repurchased $2.5 million of Class A common stock during the second quarter under its $50 million authorized buyback program, leaving approximately $42 million available for future buybacks [6]