DraftKings has reported positive net income and record quarterly revenue and adjusted EBITDA for Q4 2025, alongside issuing fiscal year 2026 guidance that points to continued growth across its iGaming and sports betting operations.
For the three months ending December 31, 2025, DraftKings generated revenue of US$1.99 billion (£1.46bn), representing a 43 percent year-on-year increase.
The Massachusetts-origin playmaker attributed the growth primarily to continued customer engagement, efficient acquisition of new customers and higher sportsbook and iGaming net revenue margins.
Net income attributable to common stockholders for the quarter totalled US$136.4 million (£100.21m), compared with a net loss of -US$134.9 million (-£99.09m) in Q4 24.
Players Up
Monthly unique payers averaged 4.8 million during the quarter, in line with the previous year. Excluding the Jackpocket business, monthly unique payers increased by five percent, reflecting growth across DraftKings’ sportsbook and iGaming products.
Average revenue per monthly unique payer reached US$139 (£102.11m), up 43 percent year-on-year.
Adjusted EBITDA for Q4 rose to US$343.2 million (£252.13m), compared with US$89.5 million (£65.75m) in the same period of 2024.
For the full year, adjusted EBITDA totalled US$620 million (£455.49m), up from US$181.3 million (£133.19m) in 2024.
2025 Full Year Revenue totalled US$6.05 billion (£4.44bn), compared with US$4.77 billion (£3.5bn) in 2024.
DraftKings is now offering live mobile sports betting in 26 of the 50 U.S. states and Washington, D.C., representing approximately 52 percent of the nation’s population. It is also providing iGaming in five U.S. states, serving some 11 percent of the population, and it operates sportsbook and iGaming products in Ontario, Canada, which accounts for roughly 40 percent of Canada’s population.
Predictions Offering
Looking ahead, DraftKings introduced fiscal year 2026 revenue guidance of between US$6.5 billion (£4.77bn) and US$6.9 billion (£5.06bn), alongside adjusted EBITDA guidance of US$700 million (£514.36m) to US$900 million (£661.33m).
The outlook reflects planned investment in new product initiatives, including DraftKings Predictions, potential launches in additional jurisdictions, and disciplined cost management, the company affirmed.
“We closed 2025 on a high note. Fourth quarter revenue increased 43 percent year-over-year and we achieved records for revenue and Adjusted EBITDA. Our core business is strong as we enter 2026,” underlined DraftKings CEO and Co-founder Jason Robins.
“We also see a massive, incremental opportunity in DraftKings Predictions. We plan to deploy growth capital to build the best customer experience in Predictions, and acquire millions of customers. We have the playbook to execute and win.”
Added DraftKings CFO Alan Ellingson: “We are proud to have generated positive net income in fiscal year 2025.
“For the year, we increased revenue 27 percent to above US$6 billion [£4.4bn], continued to grow Adjusted EBITDA, and repurchased 16 million shares.
“We have built an efficient and powerful business model.”
