DraftKings on Thursday reported first-quarter revenue of $1.409 billion, an increase of US$234 million, or 20%, compared to US$1.175 billion during the same period in 2024.
According to a release, the increase was attributable to “continued healthy customer engagement, efficient acquisition of new customers, higher structural sportsbook hold percentage, and the effect of the acquisition of Jackpocket, which closed on May 22, partially offset by customer-friendly sport outcomes.
“Recent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment,” DraftKings’ CEO and Co-Founder Jason Robins said in a statement. “If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance.”
