DraftKings reports record revenue and first full-year profit with Q4 growth

DraftKings has announced revenues of $1.98bn (£1.45b) in Q4 2025, a 43% increase than $1.39bn (£1.02bn) it made in the same quarter of 2024.

The Boston-based sports betting and iGaming company announced the results on February 12th, 2026. As a result, DraftKings has set its own records for both revenue and Adjusted EBITDA for the quarter.

According to the company, the rise in revenue was primarily due to an increase in customer retention, improved customer acquisition strategies, and a higher net revenue margin for the Sportsbook.

In total, DraftKings made $6.05bn (£4.43bn) in revenue in the full fiscal year 2025, which is a 27% increase from the $4.76bn (£3.49bn) it made in 2024.

For the fiscal year 2025, the company made a net income of $3.7m (£2.7m), which is the first time DraftKings has made a net income since it became a public company in 2020.

The company made $136.4m (£99.8m) in net income in the fourth quarter alone. This is a big change from the $134.9m (£98.7) net loss it recorded in the same quarter of 2024.

In the fourth quarter of 2025, the average number of unique payers stayed the same year over year at $4.8m (£3.5m).

However, without the Jackpocket acquisition, this number was up 5% from the same time in 2024. In the fourth quarter of 2025, the average revenue per monthly unique payer was $139.

This was a 43% increase from the same time in 2024, mostly because the net revenue margin for both Sportsbook and iGaming was higher.

For the fourth quarter, adjusted EBITDA was $343.2m (251.3m), up from $89.4m in the same quarter of 2024. Adjusted EBITDA for the fiscal year 2025 was $619.9m (£453.9m), which is a 242% increase from the previous year.

Chief Executive Officer Jason Robins commented on the results: “We closed 2025 on a high note. Fourth quarter revenue increased 43% year-over-year and we achieved records for revenue and Adjusted EBITDA. Our core business is strong as we enter 2026.

“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.”