DraftKings Inc. (NASDAQ:DKNG) saw its stock price surge 5.18% in after-hours trading on Wednesday, following the release of its impressive second-quarter earnings report. The online sports betting giant significantly exceeded analyst expectations, demonstrating robust growth and maintaining its full-year outlook.

The company reported a stellar quarterly performance with earnings of $0.38 per share, dramatically surpassing the analyst consensus estimate of $0.12 by 208.94%. This represents a substantial 72.73% increase from the $0.22 per share reported in the same period last year. Revenue for the quarter reached $1.51 billion, beating the analyst consensus estimate of $1.39 billion by 8.54% and marking a 37.05% year-over-year growth from $1.10 billion.

DraftKings' strong financial results were further underscored by its adjusted EBITDA of $301 million for the quarter. The company also maintained its full-year 2025 revenue guidance of $6.2-$6.4 billion, aligning with the FactSet analyst consensus of $6.3 billion. This performance and outlook reaffirm DraftKings' position as a leader in the competitive online sports betting and gaming market, likely contributing to investor enthusiasm and the subsequent after-hours stock price surge.