Rush Street Interactive (RSI) has released its financial performance for Q4 and FY2025, having set new quarterly records in both net revenue and adjusted EBITDA, while revenue during the full-year period increased 23% to $1.1bn.
RSI achieves record performances for Q4 2025
Net revenue during Q4 2025 increased 28% to $324.9m, while the RSI reported an adjusted EBITDA of $44.1m, rising 44% year-over-year. The operator’s net income for Q4 2025 grew 193.8% to $19.1m, while adjusted sales and marketing expenses totaled $30.6m and represented 14% of RSI’s total revenue.
The operator managed to increase its monthly active users in the US and Canada by 37% for an average total of over 278,000, including a 51% rise in online casino players. RSI’s user base in the LatAm region also rose from the prior year period, eclipsing 493,000 monthly active users and increasing 47%.
RSI reported an income from operations of just over $28.7m for Q4 2025, representing an increase of 123.3%. The operator was able to set new quarterly records in net revenue and adjusted EBITDA despite witnessing a 25.2% increase in operating expenses to $291.2m.
Did RSI’s Q4 financial results cap off a strong FY2025?
RSI generated just over $1.1bn of net revenue during FY2025, equating to an increase of 23% from the prior year period. The $74m net income for FY2025 rose from the $7.2m net income reported during full-year 2024, while adjusted EBITDA increased 66% to $153.7m.
According to RSI, the figures for both net revenue and adjusted EBITDA exceeded the high end of guidance, with FY2026 guidance having now been set at $1.375bn-$1.425bn for net revenue and $210m-$230m for adjusted EBITDA.
The operator managed to increase its income from operations by 249% for a total of $87.4m, while operating expenses for RSI grew 18.2% to $1bn.
Adjusted sales and marketing expenses for RSI during FY2025 totaled $158.4m, equating to 14% of the operator’s total revenue and decreasing from the 16.9% reported for full-year 2024.
Playson expanded its LatAm footprint on February 11 by entering the regulated Colombian iGaming market in partnership with RSI, following full certification approval from national regulator Coljuegos
