DraftKings Reports Fourth Quarter Revenue Growth of 43%

Core Insights - DraftKings reported a record revenue of $1,989 million for Q4 2025, a 43% increase from $1,393 million in Q4 2024, driven by strong customer engagement and higher Sportsbook net revenue margin [2][3] - The company achieved positive net income for fiscal year 2025, with total revenue exceeding $6 billion, marking a 27% increase from the previous year [3] - DraftKings plans to invest in its DraftKings Predictions product to enhance customer experience and acquire new users [3] Financial Performance - Q4 2025 revenue was $1,989 million, up $596 million or 43% year-over-year [2] - Fiscal year 2025 revenue reached over $6 billion, a 27% increase compared to fiscal year 2024 [3] - Adjusted EBITDA for Q4 2025 was $343,202 thousand, compared to $89,454 thousand in Q4 2024 [17] Customer Metrics - Monthly Unique Payers (MUPs) remained stable at 4.8 million in Q4 2025, with a 5% increase when excluding Jackpocket [7] - Average Revenue per MUP (ARPMUP) was $139 in Q4 2025, reflecting a 43% increase from the same period in 2024 [7] Future Guidance - DraftKings provided fiscal year 2026 revenue guidance of $6.5 billion to $6.9 billion and Adjusted EBITDA guidance of $700 million to $900 million [7] - The guidance reflects expected investments in DraftKings Predictions and new jurisdiction launches [7] Market Presence - DraftKings operates mobile sports betting in 26 states and Washington, D.C., covering approximately 52% of the U.S. population [7] - The company is also active in iGaming in 5 states, representing about 11% of the U.S. population [7]