Rush Street Interactive delivered its strongest quarterly performance to date, with revenue rising 41% year-on-year to $370.4m in Q1 2026, setting a new company record. Adjusted EBITDA jumped 81% to $60.2m, reflecting a continued shift toward scalable profitability.
Growth was driven by strong player acquisition, expanding online casino activity, and rapid momentum in Latin America. Monthly active users increased 46% in North America and 54% in Latin America, while online casino revenue in North America grew 62%.
CEO Richard Schwartz highlighted the company’s trajectory:
Our continued momentum demonstrates the strength of our casino-first strategy, the effectiveness of our operational execution and the powerful momentum we’re building across our business. We’re scaling revenue off a much larger base at very strong growth rates while improving profitability at about double that pace.
The revenue in North America grew by 26% year–on–year, with strong market share growth and record levels of new first-time depositors (+80%). In addition to that, revenue in Latin America grew by 134%; due, in large part, to the tremendous growth in our Mexican market, and also the continued strength in our Colombian operations.
Customer acquisition costs are now at their lowest levels since we went public, and marketing spend as a percent of revenue has decreased from 14.8% last year to 12.5%.
Total operating costs rose 32% to $327.6m, but strong revenue growth drove operating profit up 187% to $42.8m. Pre-tax profit increased 181% to $45.8m, while net profit reached $26.2m, up 134% year-on-year.
After accounting for non-controlling interests, net profit attributable to the company stood at $9.1m, a 72% increase.
Schwartz said:
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, company is confident in trajectory, according to Schwartz. They remain committed to delivering exceptional player experiences while creating long-term value for shareholders.
