Rush Street Interactive Inc (NYSE:RSI)

Q2 2025 Rush Street Interactive Inc Earnings Call Transcript

Jul 30, 2025 / 10:00 PM GMT

Release Date Price: $16.06 (+2.75%)

Transcript 10-Q8-K

Key Points

Positve

Rush Street Interactive Inc (RSI) reported record highs in revenue, profitability, EA margins, and active player counts for the ninth consecutive quarter.
Adjusted EBITDA grew 88% year over year, with revenue increasing by 22% compared to the previous year.
Online casino revenue grew 25% and online sports betting revenue grew 15% compared to the same period last year.
Strong performance in North America, with markets including online casino showing exceptional growth, particularly in Michigan, West Virginia, and Delaware.
In Latin America, RSI saw significant growth, with Mexico growing over 125% year over year and Colombia showing strong momentum despite higher bonuses due to a temporary VAT tax.

Negative

RSI is facing headwinds from increased taxes in the US and Colombia, impacting profitability.
The temporary VAT tax in Colombia has affected net revenue, despite strong gross gaming revenue growth.
There is uncertainty regarding the continuation of the VAT tax in Colombia, which could impact future financial performance.
Marketing spend is expected to increase in the coming quarters, which may affect EBITDA margins.
The company faces competitive pressures in Latin America, particularly in Mexico, where the market is still developing.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RSI.N - Rush Street Interactive Inc
Q2 2025 Rush Street Interactive Inc Earnings Call
Jul 30, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day ladies and gentlemen.

Thank you for standing by. Welcome to the Rush Street Interactive Second quarter 2025 earnings conference call. All participants are in a listen-only mode. A question and answer session will follow the formal presentation. Please note that this conference call is being recorded today, July 30th, 2025. I will now turn the call over to Kyle Soers, Chief Financial Officer.

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Unidentified_2 [2]
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Thank you, operator, and good afternoon. By now, everyone should have access to our 2nd quarter 2025 earnings

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