Rush Street Interactive has issued 2025 revenue guidance of up to US$1.08bn after the figure rose by double digits in the company’s Q4 and 2024 results.
Q4 revenue climbed 31 per cent to $254m, up from $193.9m in Q4 2023, while full-year revenue rose to $924m, up 34 per cent on 2023’s $691.2m.
The BetRivers and RushBet operator said Q4 net income was $6.5m, up from a loss of $5.5m, while adjusted EBITDA rose from $11.5m to $30.6m.
For the full year, net income was $7.2m compared with a net loss of $60.2m in 2023.
Adjusted EBITDA reached $92.5m, up from $8.2m in 2023.
Richard Schwartz, chief executive officer of RSI, said: “We are excited to report another quarter of record performance, including for both revenue and adjusted EBITDA. Our fourth quarter revenue grew by 31% year-over-year, and adjusted EBITDA increased over two and a half times from the same period last year. We experienced broad-based growth and success across all our geographies and products.
“We continued to accelerate player growth, acquiring more players efficiently while maintaining industry leading player values. Our commitment to focusing on player needs and leveraging cutting-edge technology to deliver a world-class user experience continues to drive significant growth and profitability.
“As we enter 2025, we are excited about the opportunities ahead. Our investments in technology, strategic partnerships, and providing an exceptional customer experience have set a solid foundation for sustained growth and profitability.
“We remain dedicated to delivering long-term value to our customers and shareholders, and we are confident in our ability to maintain this momentum.”
