Rush Street Interactive(US:RSI)2025-10-29 22:00Financial Highlights - RSI achieved a record quarterly revenue of $278 million in 3Q25, representing a 20% year-over-year increase[8] - Adjusted EBITDA grew to $36 million in 3Q25, a 54% year-over-year increase[9] - The company raised its FY25 revenue guidance to $1.10 billion - $1.12 billion, implying a 20% year-over-year growth at the midpoint[9] - FY25 Adjusted EBITDA guidance was raised to $147 million – $153 million, implying 62% growth at the midpoint[9] - RSI ended the quarter with $273 million in unrestricted cash and no debt[11] User Growth - U S and Canada Monthly Active Users ("MAUs") increased by 34% year-over-year[10] - LATAM MAUs grew by 30% year-over-year[10] - North American MAUs in online casino markets grew 46% year-over-year[14] Revenue Growth by Market - Online Casino revenue grew 34% year-over-year[12] - US and Canadian markets launched since 2021 saw revenue growth of 41% year-over-year[13] - During the third quarter, Online Casino revenue grew 74%, 48% and 37% year-over-year in DE, MI and NJ, respectively[15] Market Positioning and TAM - The Total Addressable Market (TAM) at maturity is estimated to be ~$164 billion[18] - The U S iCasino TAM is ~$97.3 billion, Canada is ~$5.1 billion, and Latin America is ~$13.2 billion[18] - The U S OSB TAM is ~$34.3 billion, Canada is ~$1.4 billion, and Latin America is ~$12.5 billion[18]