DraftKings Posts Q3 Reports, Prepares to Launch Prediction Markets Soon

US gaming and betting giant DraftKings has published its business results for the third quarter of 2025 (Q3), highlighting stable financials. In addition to that, the company revised its guidance and teased that the launch of its prediction markets platform could happen very soon.

A Strong Quarter for the Betting Giant

In its Q3 update, DraftKings reported revenue of $1.14 billion, up 4% year-on-year. The company attributed the increase to healthy customer engagement levels, strong success of the company’s customer acquisition strategies, and a higher structural Sportsbook hold percentage. These favorable factors offset certain losses tied to customer-friendly sports betting outcomes.

Speaking of DraftKings’ customers, the company recorded a 2% increase in monthly unique players to 3.6 million. The company highlighted the continued success of its retention strategy, which has helped it reach this figure. On average, customers spent $106 on bets, marking a 3% increase from the prior-year period.

Despite the strong revenue, DraftKings’ adjusted EBITDA experienced a decrease, resulting in an adjusted EBITDA loss of $126.5 million. Fortunately, the year-to-date results paint a rosier picture, with EBITDA increasing significantly to $276.8 million.

The company’s adjusted loss per share also broadened to a loss of $0.26 per share. Like with the EBITDA figures, the YTD results were more favorable, highlighting earnings per share of $0.27, up from $0.09 in the prior-year period.

DraftKings Updates Guidance, Teases Prediction Markets Launch

DraftKings revised its guidance for the year, saying that it now expects revenue of between $5.9 billion and $6.1 billion for the year. This would imply growth of 24% to 28%. The company also revised its adjusted EBITDA guidance, settling on a range from $450 million to $550 million.

These figures include anticipated results from DraftKings’ upcoming launch in Missouri.

In the meantime, DraftKings teased that its guidance for 2025 also includes the expected launch of DraftKings Predictions “in the coming months.” The company’s foray into the fast-growing event contracts sector is currently awaiting licensure. Launching a prediction markets platform would allow DraftKings to reach all 50 states with its products, drastically increasing its reach.

In the meantime, DraftKings’ sports betting offerings are available in 25 states and Washington DC. The company also operates online casino gaming in 5 states. DraftKings’ betting and iGaming options are also available in Ontario, Canada’s largest province.

CEO Robins Is Bullish on DraftKings’ Future

CEO Jason Robins commented on the results, saying that he is incredibly optimistic about the company’s future. Robins praised the continued and accelerating growth of the business and said that he is looking forward to launching DraftKing Predictions.  

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.

Jason Robins, CEO, DraftKings

Alan Ellingson, DraftKings’ chief financial officer, was likewise pleased with the results and DraftKings’ ability to generate shareholder value.