DraftKings Reaffirms FY25 Revenue Guidance Amid Consensus at $6.31B

DraftKings reaffirms FY25 revenue guidance of $6.2B-$6.4B and Adjusted EBITDA guidance of $800M-$900M, with the company on track to deliver Adjusted EBITDA near the midpoint of the range.

DraftKings Inc. (Nasdaq: DKNG) has reaffirmed its fiscal year 2025 revenue guidance of $6.2 billion to $6.4 billion and adjusted EBITDA guidance of $800 million to $900 million. The company is on track to deliver adjusted EBITDA near the midpoint of the range, as announced on August 6, 2025 [2].

The reaffirmation comes following the company's strong second quarter 2025 performance, which saw revenue grow by 37% year-over-year to $1.513 billion. This growth was driven by continued healthy customer engagement, efficient acquisition of new customers, higher structural Sportsbook hold percentage, and sportsbook-friendly outcomes [2].

DraftKings also reported net income of $158 million and adjusted EBITDA of $301 million in the second quarter, setting new records for the company. The company's monthly unique payers (MUPs) increased to 3.3 million, representing a 6% increase compared to the second quarter of 2024. Average revenue per MUP (ARPMUP) increased to $151, a 29% increase compared to the same period in 2024 [2].

The company's guidance now includes anticipated financial impacts from DraftKings launching mobile sports betting in Missouri later this year and higher tax rates in New Jersey, Louisiana, and Illinois. The company's guidance for fiscal year 2025 does not include the potential launch of a Prediction Markets offering [2].

DraftKings is live with mobile sports betting in 25 states and Washington, D.C., which collectively represent approximately 49% of the U.S. population. The company is also live with iGaming in 5 states, representing approximately 11% of the U.S. population, and in Ontario, Canada, representing approximately 40% of Canada's population [2].

DraftKings will host a conference call and audio webcast on August 7, 2025, to discuss the company's results and provide commentary on business performance. A question-and-answer session will follow the prepared remarks [2].

References:
[1] https://247wallst.com/investing/2025/08/06/live-can-draftkings-keep-the-rally-going-after-earnings-tonight/
[2] https://www.nasdaq.com/press-release/draftkings-reports-second-quarter-revenue-growth-37-1513-million-2025-08-06