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Investing.com -- Rush Street Interactive, Inc. (NYSE:RSI) reported second quarter earnings that significantly exceeded analyst expectations, sending shares soaring 18.9% as the online gambling company raised its full-year outlook.
The online casino and sports betting operator posted revenue of $269.2 million for the second quarter of 2025, beating the analyst consensus of $249.65 million and representing a 22% increase from $220.4 million in the same period last year. Adjusted earnings per share came in at $0.11, surpassing the analyst estimate of $0.06 by $0.05.
Rush Street Interactive reported a net income of $28.8 million for the quarter, a substantial improvement from a net loss of $0.3 million in the second quarter of 2024. Adjusted EBITDA jumped 88% YoY to $40.2 million.
"I’m excited to report that we’ve delivered another exceptional quarter with records across the board, marking our 9th consecutive quarter of improving both revenue and adjusted EBITDA from the preceding quarter," said Richard Schwartz, Chief Executive Officer of RSI.
The company’s strong performance was driven by a 25% increase in online casino revenue and 15% growth in online sports betting. Monthly Active Users in the United States and Canada rose 21% YoY to approximately 197,000, while Latin American users increased 42% to approximately 403,000.
Following the strong results, Rush Street Interactive raised its full-year 2025 guidance, now expecting revenue between $1.05 billion and $1.1 billion, with the $1.075 billion midpoint representing 16% YoY growth. The company also increased its Adjusted EBITDA forecast to between $133 million and $147 million, with the $140 million midpoint reflecting 51% growth compared to 2024.
The revised revenue guidance midpoint of $1.075 billion slightly exceeds the analyst consensus of $1.058 billion.
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