DraftKings Inc. (NASDAQ:DKNG) saw its stock 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 outperformed analyst expectations, demonstrating strong growth and maintaining its full-year outlook.

The company reported quarterly earnings of $0.38 per share, handily beating the analyst consensus estimate of $0.12 by a staggering 208.94%. This represents a 72.73% increase compared to earnings of $0.22 per share in the same period last year. Revenue for the quarter came in at $1.51 billion, surpassing the analyst consensus estimate of $1.39 billion by 8.54% and marking a 37.05% year-over-year increase from $1.10 billion.

DraftKings' strong performance was further underscored by its robust financials. The company reported an operating income of $150.644 million and a net income of $157.936 million for the quarter. Additionally, adjusted EBITDA reached $301 million, indicating improved profitability. Despite the challenging economic environment, DraftKings maintained its full-year 2025 revenue guidance of $6.2-$6.4 billion, aligning with the FactSet analyst consensus of $6.3 billion. This reaffirmation of guidance, coupled with the stellar Q2 results, likely contributed to the positive investor sentiment reflected in the after-hours stock movement.