Online casino and sports betting company Rush Street Interactive reported Q1 results beating Wall Street’s revenue expectations, with sales up 41.1% year on year to $370.4 million.

Revenue was $370.4 million, a new quarterly record and an increase of 41%, compared to $262.4 million during the first quarter of 2025.

Net income was $26.2 million, a new quarterly record and an increase of 134%, compared to $11.2 million during the first quarter of 2025.

Adjusted EBITDA¹was $60.2 million, a new quarterly record and an increase of 81%, compared to $33.2 million during the first quarter of 2025. Adjusted sales and marketing expense was $46.2 million, representing 12.5% of revenue.

The company’s full-year revenue guidance of $1.52 billion at the midpoint came in 7.5% above analysts’ estimates. Its non-GAAP profit of $0.14 per share was 17.6% above analysts’ consensus estimates.

Richard Schwartz, Chief Executive Officer of RSI, said, “We are pleased to report another strong quarter of results, setting new records once again for revenue, net income and adjusted EBITDA.”

“The continued acceleration we’ve seen in revenue and player growth is particularly exciting. We’ve now achieved accelerating year-over-year player growth in each of the last four quarters, reflecting the strength in our business. In our North American online casino markets, MAUs grew an impressive 62%, surpassing the 51% growth we achieved in the fourth quarter of 2025.

We also achieved record first-time depositors this quarter while maintaining disciplined marketing spend, showcasing our expanding brand awareness and the efficiency we’ve built into our customer acquisition and retention model.

These results validate the customer-centric approach that has consistently driven our performance. The systematic enhancements we’ve made throughout the entire player journey have created a compounding dynamic where strong acquisition brings high-quality players, effective retention keeps them engaged, and exceptional experiences drive value.”

“Looking ahead, we have tremendous confidence in our trajectory. We’re executing well, growing our player base rapidly and profitably, and preparing for an exciting new market launch in Alberta. We remain committed to delivering exceptional player experiences while creating long-term value for our shareholders.”