Rush Street Interactive reported its strongest financial performance to date, with results for the fourth quarter and full year ending December 31, 2025 showing substantial growth across revenue, profitability, and user activity. The Chicago-based online casino and sports betting operator confirmed higher earnings across its operations in the United States, Canada, and Latin America.

User Growth Across North America And Latin America

Fourth-quarter revenue reached $324.9 million, marking a 28% increase from $254.2 million during the same period in 2024. Net income for the quarter totaled $19.1 million compared with $6.5 million a year earlier. Adjusted EBITDA rose to $44.1 million, up 44% year-on-year. These figures represent new quarterly records for the company.

Full-year performance also exceeded expectations. Revenue reached $1.134 billion, surpassing the company’s prior guidance range and reflecting a 23% increase from $924 million in 2024. Net income climbed to $74.0 million, compared with $7.2 million the previous year. Adjusted EBITDA rose to $153.7 million, an increase of 66% year-on-year.

Richard Schwartz, Chief Executive Officer of RSI, said in the company’s press release, “We are thrilled to report an extraordinary 2025, delivering record-breaking performance across virtually every key metric. This exceptional performance reflects broad-based strength across all geographies and product verticals, as well as significant growth in our player base.”

Operational data showed increased user engagement across multiple regions. Monthly active users in the United States and Canada exceeded 278,000 during the fourth quarter, representing a 37% year-on-year increase. Online casino users in these markets grew 51% during the same period.

Latin America also recorded strong expansion, with more than 493,000 monthly active users, up 47% compared with the prior year. Average revenue per monthly active user reached $331 in the United States and Canada, while Latin American figures averaged $32.

Schwartz added: “During the fourth quarter, our monthly active users in North American online casino markets grew at the second fastest rate in four and a half years, which again drove outstanding growth in revenues. In addition, quarterly and annual results in Latin America demonstrated remarkable strength and resilience through regulatory headwinds. This broad-based growth drove record profits and demonstrates the powerful operating leverage that we’ve built within our business model.”

Adjusted sales and marketing expenses represented 14% of revenue for 2025, down from 16.9% in 2024. The company ended the year with $336 million in unrestricted cash and cash equivalents, an increase of $107 million over the year.

Outlook And Market Expectations For 2026

Rush Street Interactive issued financial guidance for 2026, projecting revenue between $1.375 billion and $1.425 billion. The forecast implies year-on-year growth of approximately 21% to 26%. Adjusted EBITDA guidance falls between $210 million and $230 million, representing potential growth of 37% to 50%.

Schwartz commented on operational improvements driving the results: “What makes our 2025 results particularly compelling is that they stem from systematic improvements we’ve made across nearly every aspect of our business – from customer acquisition and retention strategies to technological innovation and operational excellence. Our continued focus on providing a player-first experience has allowed us to grow and differentiate our brand.”

He also addressed future plans: “Looking ahead to 2026, we have tremendous confidence in our growth trajectory and our ability to continue executing on our strategy. We remain committed to delivering exceptional player experiences while creating long-term value for our shareholders and are confident in our ability to sustain this momentum.”

Analysts have highlighted several potential factors that could influence future performance, including major sporting events, possible expansion of regulated online gaming markets, and continued development in customer economics. The company’s existing operations, tax structures, and currently live jurisdictions form the basis of its forward projections.