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3w ago

DraftKings Posts Record $1.51B Q2 Revenue, Logs Second Profitable Quarter

It is boosting marketing investment, executing share repurchases, evaluating a possible regulated prediction markets offering under evolving regulatory conditions.

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Overview

  • DraftKings delivered $1.513 billion in second-quarter revenue, marking 37 percent year-over-year growth.
  • The company set new records with net income of $158 million and Adjusted EBITDA of $301 million.
  • For the second time since its 2020 IPO, DraftKings turned a quarterly profit with earnings per share of $0.30.
  • DraftKings reaffirmed its full-year 2025 revenue guidance of $6.2 billion to $6.4 billion.
  • Average monthly users climbed to 3.3 million and ARPMUP rose to $151 as sales and marketing spend grew 8 percent, DraftKings repurchased 6.5 million shares and began evaluating a regulated prediction markets product.