Rush Street Interactive has released its Q4 earnings. Here is a breakdown of the information Rush Street Interactive, Inc. presented to its investors.

In its latest earnings report, Rush Street Interactive announced a significant increase in both its fourth quarter and full year 2024 revenues, with a notable rise in net income and adjusted EBITDA.

The company reported a 31% year-over-year increase in fourth quarter revenue, reaching $254 million, and a 34% increase in full year revenue, totaling $924 million.

Key financial highlights include a fourth quarter net income of $6.5 million, a turnaround from a net loss in the previous year, and a remarkable 166% year-over-year growth in adjusted EBITDA for the fourth quarter. The full year adjusted EBITDA soared by 1,033%, reaching $92.5 million. The company also reported a substantial increase in monthly active users, particularly in Latin America, and maintained strong average revenue per user metrics.

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.”