DraftKings reported third-quarter 2025 revenue of US$1.14 billion (£870.1m), up four percent, year on year, citing continued customer engagement, efficient acquisition and a higher structural sportsbook hold partly offset by customer-friendly results.
Adjusting for sports outcomes, the company said underlying growth remained strong, with October’s sportsbook handle up 17 percent, y-o-y.
Monthly Unique Payers averaged 3.6 million, an increase of about two percent, or six percent excluding Jackpocket; while ARPMUP rose three percent to US$106 (£80.9)
The business recorded a net loss of -US$257 million (-£196.17m) for the period and reported iGaming revenue growth of 25 percent to US$451 million (£344.25m), alongside sportsbook revenue of US$596 million (£454.92m).
DraftKings revised Full-Year 2025 guidance to revenue of between US$5.9 billion-US$6.1 billion (£4.5bn-£4.65bn) and Adjusted EBITDA of US$450 million-US$550 million (£343.52m-£419.9m), incorporating assumptions for a potential Missouri mobile launch and the expected debut of DraftKings Predictions, both subject to licensure and approvals.
Bullish
Meanwhile, the Massachusetts-based online gambling giant remains live with mobile sports betting in 25 U.S. states plus Washington, D.C., and with iGaming in five states. It also operates sportsbook and iGaming in Ontario.
“This is the most bullish I have ever felt about our future,” affirmed Jason Robins, DraftKings’ Chief Executive Officer and Co-founder.
“Underlying growth in the business is accelerating and we are excited to launch DraftKings Predictions in the coming months, which we view as a significant incremental opportunity.”
Alan Ellingson, DraftKings’ Chief Financial Officer, added: “With handle growth accelerating and parlay handle mix continuing to increase, we are excited about the trajectory of our Free Cash Flow.
“We continue to focus on maximizing shareholder returns and are pleased to announce that our board authorized an increase in our share repurchase program from US$1 billion to US$2 billion.”
