Rush Street Interactive (RSI) has announced its financial results for the fourth quarter and full-year 2024, reporting significant year-over-year revenue growth and profitability improvements.
The company generated US$254.2 million in revenue for Q4, a 31 percent increase from the same period in 2023, while full-year revenue rose by 34 percent to US$924.1 million.
RSI recorded a net income of US$6.5 million for the fourth quarter and US$7.2 million for the full year, marking a turnaround from a net loss of $60.1 million in 2023.
Adjusted EBITDA showed substantial growth, reaching US$30.6 million in Q4–up 166 percent from the prior year–and US$92.5 million for the full year.
In North America, monthly active users increased by 28 percent year-over-year to approximately 205,000, while Latin America saw a 71 percent rise to 348,000 MAUs. Average revenue per monthly active user remained stable in the U.S. and Canada at US$346, while in Latin America it was US$39, down from 2023’s US$42.
Record Q4
RSI is now projecting revenue of between US$1.01 billion and US$1.08 billion in 2025, representing an anticipated 13 percent year-over-year increase at the midpoint. Adjusted EBITDA is expected to range between US$115 million and US$135 million, with a midpoint forecast of US$125 million — 35 percent higher than in 2024.
Richard Schwartz, Chief Executive Officer of RSI, said: “We are excited to report another quarter of record performance, including for both revenue and Adjusted EBITDA.
“We experienced broad-based growth and success across all our geographies and products. We continued to accelerate player growth, acquiring more players efficiently while maintaining industry leading player values.
“Our commitment to focusing on player needs and leveraging cutting-edge technology to deliver a world-class user experience continues to drive significant growth and profitability.
“As we enter 2025, we are excited about the opportunities ahead.
“Our investments in technology, strategic partnerships, and providing an exceptional customer experience have set a solid foundation for sustained growth and profitability.
“We remain dedicated to delivering long-term value to our customers and shareholders. And we are confident in our ability to maintain this momentum.”
