{"id":872023,"date":"2025-08-06T18:40:46","date_gmt":"2025-08-06T22:40:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/draftkings-reports-second-quarter-revenue-growth-of-37-to-1513-million\/"},"modified":"2025-08-06T18:40:46","modified_gmt":"2025-08-06T22:40:46","slug":"draftkings-reports-second-quarter-revenue-growth-of-37-to-1513-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/draftkings-reports-second-quarter-revenue-growth-of-37-to-1513-million\/","title":{"rendered":"DraftKings Reports Second Quarter Revenue Growth of 37% to $1,513 Million"},"content":{"rendered":"
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\n Sets Company Records for Revenue, Net Income, and Adjusted EBITDA\u00a0
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\n Maintains 2025 Revenue and Adjusted EBITDA Guidance Ranges<\/strong>\n <\/p>\n

BOSTON, Aug. 06, 2025 (GLOBE NEWSWIRE) — DraftKings Inc. (Nasdaq: DKNG) (\u201cDraftKings\u201d or the \u201cCompany\u201d) today announced its second quarter 2025 financial results. The Company also posted a second quarter 2025 business update and a slide presentation on the Investor Relations section of its website at investors.draftkings.com.<\/p>\n

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\n Second Quarter 2025 Highlights<\/u>
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For the three months ended June 30, 2025, DraftKings reported revenue of $1,513 million, an increase of $408 million, or 37%, compared to $1,104 million during the same period in 2024. The increase in the Company\u2019s second quarter 2025 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new customers, higher structural Sportsbook hold percentage, and sportsbook-friendly outcomes. Revenue of $1,513 million, net income of $158 million, and Adjusted EBITDA of $301 million in the second quarter set new records for the company.<\/p>\n

\u201cWe 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,\u201d said Jason Robins, DraftKings\u2019 Chief Executive Officer and Co-founder. \u201cWe 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.\u201d<\/p>\n

\u201cWe remain focused on investing in key growth initiatives across the organization to maximize shareholder returns over the long-term,\u201d said Alan Ellingson, DraftKings\u2019 Chief Financial Officer. \u201cIn addition to our investments, we repurchased 6.5 million shares through our stock repurchase program in the first two quarters of this year.\u201d<\/p>\n

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\n Continued Healthy Growth in Customer Retention, Acquisition, and Engagement<\/u>
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