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Jun 30
DraftKings Q2 2025 Earnings Report
DraftKings reported record-setting revenue, net income, and Adjusted EBITDA in the second quarter of 2025, driven by strong customer engagement and efficient acquisition.
Key Takeaways
DraftKings achieved record revenue of $1,513 million in Q2 2025, a 37% increase year-over-year, alongside record net income of $158 million and Adjusted EBITDA of $301 million. The growth was primarily fueled by healthy customer engagement, efficient new customer acquisition, higher Sportsbook hold percentage, and favorable sportsbook outcomes.
Record revenue of $1,513 million, marking a 37% year-over-year increase.
Achieved record net income of $158 million and Adjusted EBITDA of $301 million.
Average Monthly Unique Payers (MUPs) grew by 6% to 3.3 million.
Average Revenue per MUP (ARPMUP) increased by 29% to $151.
DraftKings
DraftKings
DraftKings Revenue by Segment
Revenue by Segment
Sportsbook Revenue
CapyFin.comiGaming Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
DraftKings is maintaining its fiscal year 2025 revenue guidance of $6.2 billion to $6.4 billion, expecting to be closer to the high end of this range. Adjusted EBITDA guidance remains at $800 million to $900 million, with the company on track to deliver near the midpoint.
Positive Outlook
- Revenue expected to be closer to the high end of the $6.2 billion to $6.4 billion guidance range.
- Continued strength across core value drivers.
- Anticipated financial impacts from launching mobile sports betting in Missouri later this year.
- Adjusted EBITDA on track to be near the midpoint of the $800 million to $900 million guidance range.
- Strong platform performance preparing for new state launches.
Challenges Ahead
- Guidance now includes anticipated financial impacts from higher tax rates in New Jersey, Louisiana, and Illinois.
- Guidance for fiscal year 2025 does not include the potential launch of a Prediction Markets offering.
- Certain items required for GAAP reconciliation of forward-looking Adjusted EBITDA are unavailable without unreasonable effort.
- Adjusted EBITDA is not a measure of financial performance or liquidity under GAAP.
- The company cannot provide assurance that it can predict all components of the Adjusted EBITDA calculation.