BetRivers operator Rush Street Interactive has reported a 21 per cent increase in Q1 revenue, with monthly active users across the US, Canada and Latin America all up year-on-year.
Overall revenue climbed to US$262.4m, up from $217.4m in Q1 2024, while net income rose from a loss of $2.2m to $11.2m.
Adjusted EBITDA hit $33.2m, up 95 per cent from Q1 2024’s $17.1m.
Monthly active users (MAUs) in the US and Canada in Q1 were around 203,000, up 17 per cent, and MAUs in Latin America, including Mexico, were up 61 per cent to 354,000.
However, in Latin America, average revenue per MAU fell from $44 to $36. In the US, this figure rose three per cent.
Richard Schwartz, chief executive officer of RSI, said” “We have started 2025 with strong momentum, building on our success from recent years.
“Our first quarter revenue increased by 21 per cent year-over-year to $262m, and our adjusted EBITDA reached a record $33m, nearly double that of Q1 2024.
“These strong results are driven by our commitment to innovation and enhancing the quality of our player experience, alongside efficient acquisition and retention of high-value players.
“The consistency and durability of our business, particularly in online casino, is reflected in our execution and performance and is the foundation of the optimism we have for sustaining our momentum going forward.”
