DraftKings' Q2 revenue jumps 37% to record $1.51 billion
US sports betting giant DraftKings on Wednesday reported a record second-quarter revenue of $1.51 billion, up 37% from a year earlier, and raised the top end of its full-year forecast, citing strong customer engagement and favorable sportsbook outcomes.
The company posted net income of $157.9 million for the three months ended June 30. Adjusted EBITDA more than doubled to $300.6 million, driven by higher sportsbook hold percentages and reduced promotional spending.
“We set records for revenue, net income, and Adjusted EBITDA in the second quarter, driven by an acceleration in revenue growth to 37% year-over-year,” said Jason Robins, DraftKings’ chief executive officer and co-founder.
“We are pleased to be maintaining our fiscal year 2025 guidance, with revenue expected to be closer to the high end of our range, highlighting the strength of our platform as we prepare for an exciting new state launch,” he said.
Sportsbook revenue surged 45.3% year-over-year to $997.9 million, while iGaming revenue rose 22.6% to $429.7 million. The company reported operating profit of $150.6 million, compared to a $32.4 million loss in the same period last year.
Monthly Unique Payers (MUPs) grew 6% to 3.3 million, including a boost from the company’s May 2024 acquisition of digital lottery platform Jackpocket. Excluding the acquisition, MUPs were up 5%. Average revenue per MUP (ARPMUP) rose 29% to $151, driven by structural sportsbook gains and more efficient marketing.
CFO Alan Ellingson said: “We remain focused on investing in key growth initiatives across the organization to maximize shareholder returns over the long term. In addition to our investments, we repurchased 6.5 million shares through our stock repurchase program in the first two quarters of this year.”
DraftKings reaffirmed its full-year 2025 revenue guidance of $6.2 billion to $6.4 billion and now expects results to fall near the upper end of the range. Adjusted EBITDA guidance remains between $800 million and $900 million.
The company operates mobile sports betting in 25 U.S. states and Washington, D.C., covering approximately 49% of the U.S. population. It also offers iGaming in five states and both products in Ontario, Canada. A sportsbook launch in Missouri is expected later this year, pending regulatory approvals.
In July, DraftKings reportedly entered talks to acquire prediction market platform Railbird Exchange, which recently received federal licensure. No deal has been finalized.
Citizens analyst Jordan Bender described the quarter as a strong outlier, saying it marked DraftKings’ first significant beat over consensus estimates in almost two years.
https://www.yogonet.com/international/news/2025/08/07/114070-draftkings-39-q2-revenue-jumps-37-to-record-151-billion