DraftKings Announces Q2 2025 Financial Results
DraftKings announced its financial results for the second quarter of 2025, reporting a total revenue of $1.51 billion. This marks a 37% increase, or $408 million, compared to $1.1 billion in the same period of 2024.
Segment Performance
The company's sportsbook segment saw a significant rise of 45.3%, generating nearly $998 million, up from approximately $687 million in Q2 2024. Additionally, iGaming revenue grew by 22.6%, reaching $430 million, compared to $351 million previously.
Overall Financial Highlights
These impressive figures contributed to record-breaking overall revenue, along with a net income of $158 million and an Adjusted EBITDA of $301 million for the quarter.
Full-Year Guidance and Future Outlook
DraftKings continues to project full-year revenue guidance between $6.2 billion and $6.4 billion, with an Adjusted EBITDA outlook of $800 million to $900 million. The company's forecasts now account for upcoming mobile sports betting launches in Missouri and increased tax rates in states including New Jersey, Louisiana, and Illinois.