DraftKings Inc. announced its third‑quarter 2025 financial results on November 6, 2025. The company reported revenue of $1.144 billion, up 4 % year‑over‑year, driven by continued customer engagement and a higher structural Sportsbook hold percentage.
The company also posted a positive adjusted EBITDA of $102.6 million, a turnaround from the $22.4 million loss reported a year earlier. DraftKings raised its share‑repurchase program to $2.0 billion and reiterated fiscal 2025 revenue guidance of $5.90 billion to $6.10 billion, while maintaining its adjusted EBITDA outlook of $800 million to $900 million.
These results signal a clear shift toward profitable scale, reinforcing management’s confidence in the company’s growth trajectory and its ability to generate free cash flow in 2025. The earnings announcement provides investors with concrete evidence of the company’s operational progress and its strategic focus on technology and market expansion.
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