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Gaming Edge’s TL;DR
- Rush Street Interactive delivered a record Q1 with revenue and profitability both accelerating, a clear sign its casino-first strategy is working.
Rush Street Interactive (RSI) reported Q1 revenue of $370.4 million, a 41% year‑on‑year increase from $262.4 million, and a record adjusted EBITDA of $60.2 million, up 81% versus Q1 2025.
Growth was driven by strong player acquisition, accelerating online casino momentum and rapid Latin American expansion. Monthly active users rose about 51% to roughly 839,000 (North America MAUs up 62% to ~296,000; LatAm MAUs up 54% to ~543,000). North America revenue climbed 26%, while Latin America surged 134% driven by Mexico and resilience in Colombia amid regulatory change.
CEO Richard Schwartz highlighted the firm’s casino‑first model and said the company is “scaling revenue off a much larger base at very strong growth rates while improving profitability at about double that pace.”
Company enjoyed nearly $46M in pre-tax profit
RSI’s results signal expanding choice and deeper casino product investment – which often translates into broader game assortments, promotions, and retention offers. The company reported U.S./Canada ARPMAU of $317, underscoring the revenue power of iCasino customers compared with LatAm ARPMAU of $54.
Operators should note improved marketing efficiency: customer acquisition costs fell to post‑IPO lows and marketing spend dropped to 12.5% of revenue from 14.8% a year earlier, even as monthly users climbed. Financially, this mix pushed operating profit to $42.8 million (up 187%) and pre‑tax profit to $45.8 million (up 181%).
What comes next: RSI raised full‑year guidance to $1.49 billion: $1.54 billion in revenue and $230 to $250 million in adjusted EBITDA, reflecting expected 31% to 36% top‑line growth and 50% to 63% EBITDA expansion.
Based on reporting by Rob Fletcher for Next.io.
