DraftKings reports $1.14 billion revenue for third quarter 2025
DraftKings Inc. reported third quarter 2025 revenue of $1,144.0 million, a 4.5% increase from $1,095.0 million in the same period of 2024. The company attributed the revenue growth to continued customer engagement, efficient acquisition of new customers, and a higher Sportsbook hold percentage, partially offset by customer-friendly sport outcomes. DraftKings revised its fiscal year 2025 guidance, now expecting revenue between $5.9 billion and $6.1 billion, representing 24% to 28% year-over-year growth, and Adjusted EBITDA of $450 million to $550 million. The guidance reflects anticipated financial impacts from the upcoming launch of mobile sports betting in Missouri and the expected introduction of DraftKings Predictions, pending licensure. As of September 30, 2025, cash and cash equivalents stood at $1,228.3 million, compared to $788.3 million as of December 31, 2024.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Draftkings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9570892-en) on November 06, 2025, and is solely responsible for the information contained therein.
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