DraftKings is going all-in on prediction markets
During Friday’s earning call, CEO Jason Robins said the company intends to commit vast resources to the new opportunity to generate revenue.
“Predictions is rapidly developing into a massive incremental opportunity, and we are moving with urgency,” Robins said Friday during DraftKings fourth-quarter earnings call. “We expect to emerge as the leader in the category. We plan to deploy growth capital to build the best customer experience and predictions and acquire millions of customers.”
DraftKings reported revenue of US$2 billion in the fourth quarter, an increase of US$596 million, or 43%, compared to US$1.4 million during the same period in 2024. The increase was driven primarily by steady customer engagement, efficient acquisition of new customers, and higher sportsbook net revenue margin.
