This study examined the levels, gender differences, and relationship between parasocial relationships (PSRs) and risk-taking behaviors among emerging adults. Guided by Parasocial Theory, Social Learning Theory, and Emerging Adulthood Theory, a comparative-correlational design was employed using the PRISM survey and DOSPERT scale with 212 respondents, gathered through purposive sampling at Laguna University. Findings revealed high levels of parasocial relationships, particularly in the Interest in subvariable (M = 3.47). Other PSR dimensions were moderately high, reflecting consistent perceived connections. In contrast, negative risk-taking behaviors were low across domains, with the recreational domain being the highest (M = 2.05), suggesting general avoidance of unsafe actions. Furthermore, Inferential analysis revealed minimal gender differences in PSRs, with significance only in knowledge (U = 4646, p = .037). However, males scored significantly higher in most domains, with the largest difference in recreational risk-taking (U = 3921, p < .001), measured through the Mann-Whitney U Test. Spearman’s rho indicated a weak but significant positive relationship between PSRs and risk-taking behaviors. Identification showed the strongest association, particularly with financial risk-taking (r = .28, p < .001). Overall, findings suggest high PSRs but generally low engagement in negative risk-taking behaviors among the respondents. Thus, a webinar is proposed by the researchers for CAS students to promote PSR awareness, critical media engagement, and responsible financial decision-making.