DraftKings Inc. announced record-breaking financial results for the second quarter of 2025, with revenue reaching $1,513 million, a 37% increase year-over-year compared to $1,104 million in Q2 2024. The company also reported a net income of $158 million, or $0.30 per share, and Adjusted EBITDA of $301 million, all setting new company records.
The strong performance was primarily driven by continued healthy customer engagement, efficient acquisition of new customers, a higher structural Sportsbook hold percentage, and favorable sportsbook-friendly outcomes. CEO Jason Robins highlighted the acceleration in revenue growth and the strength of the company's platform.
DraftKings maintained its fiscal year 2025 revenue and Adjusted EBITDA guidance ranges, with revenue expected to be closer to the high end of its range. The company also repurchased 6.5 million shares through its stock repurchase program in the first two quarters of the year, demonstrating a commitment to shareholder returns and financial discipline.
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