DraftKings posted revenue of $1.51 billion for the second quarter of 2025, an increase of $408 million, or 37%, compared to $1.1 billion during the same period in 2024.
The revenue increase, along with net income of $158 million, and adjusted EBITDA of $301 million set new quarterly records for the company.
According to a release, the revenue rise was due to continued healthy customer engagement, efficient acquisition of new customers, higher structural sportsbook hold percentage, and sportsbook-friendly outcomes.
“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,” DraftKings Chief Executive Jason Robins said in a statement.
Monthly unique payers rose to 3.3 million, representing an increase of 6% compared to the second quarter of 2024.
