Record-Breaking Revenue and Growth
RSI delivered another record quarter with revenue reaching $269 million, up 22% year-over-year. Adjusted EBITDA grew 88% year-over-year, marking the ninth consecutive quarter of improving both revenue and adjusted EBITDA.
Impressive Growth in Key Markets
In North America, MAUs grew by over 30% in markets with online casinos, and Latin America saw MAU growth exceeding 40% year-over-year. Notably, Michigan grew 42%, West Virginia 47%, Delaware 74%, and Mexico over 125% year-over-year.
Strong Marketing Efficiency
Marketing spend was $36.2 million, representing less than 14% of revenue, the lowest mark since going public, while achieving the largest quarter in history for first-time depositing customers.
Raising Full-Year Guidance
RSI raised its full-year revenue guidance to be between $1.05 billion and $1.1 billion and adjusted EBITDA between $133 million and $147 million, representing a 16% and 51% year-over-year increase, respectively.