Rush Street Interactive, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, on February 26, 2025. Fourth quarter revenue reached $254 million, marking a 31% increase year-over-year, while full year 2024 revenue grew 34% to $924 million.
The company reported a net income of $6.5 million for Q4 2024 and $7.2 million for the full year 2024. Adjusted EBITDA for the fourth quarter was $30.6 million, a 166% increase year-over-year, and full year Adjusted EBITDA surged 1,033% to $92.5 million.
RSI initiated its full year 2025 revenue guidance between $1.010 billion and $1.080 billion, representing 13% year-over-year growth at the midpoint. Adjusted EBITDA guidance for 2025 was set between $115 million and $135 million, implying 35% growth at the midpoint.
Operational metrics also showed strength, with North American Monthly Active Users (MAUs) growing 28% year-over-year and Latin American MAUs increasing 71% year-over-year. Latin America revenue reached a record $40 million, up 54% year-over-year.
Revenue from markets outside Illinois and Pennsylvania accounted for 62% of total revenue in Q4 2024, the highest proportion since the company went public. The Delaware iCasino revenue achieved over 6.5 times what the previous operator generated in the prior year period, with an annual run rate exceeding $125 million in Q4 2024.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.