Jason Robins’ Post

This is the most bullish I have ever felt about the future of DraftKings.    Last week, DraftKings Inc. announced its Q3 2025 earnings. Underlying growth is accelerating—and we’re continuing to innovate on behalf of our customers.   Recent performance highlights: - Sportsbook handle increased 17% YOY in October - iGaming net revenue growth accelerated 25% YOY – our fastest growth since Q1 2024 - Retention of NFL week 1 customers is up over 300 basis points in the last four NFL weeks compared to the same weeks a year ago   These results reflect years of focused execution. Since 2022, we’ve grown from just over $2 billion in revenue and an Adjusted EBITDA loss of over $700 million—to expected 2025 revenue of $5.9–$6.1 billion and expected positive Adjusted EBITDA of $450–$550 million.   And we’re even more excited about our future.   We announced multi-year agreements with ESPN—making DraftKings the Official Sportsbook and Odds Provider of ESPN—and with NBCUniversal providing us deeper brand affinity and broader reach, including unmatched NBA access.   We also confirmed plans to launch DraftKings Predictions, a forthcoming mobile app that will allow customers to trade regulated event contracts on real-world outcomes across sports, finance, culture, and entertainment. We expect to launch in the coming months, pending licensure.   Thank you all for your support, both inside and outside the company. We promise to continue working relentlessly to create meaningful value for you in 2026 and beyond.   For Information on non-GAAP financial measures and their GAAP reconciliations, or to find out more about the company and its business, please see our Q3 2025 earnings report at https://lnkd.in/ecQXtMt5. A reconciliation of 2022 Adjusted EBITDA to its most directly comparable GAAP financial measure is included in DraftKings’ Annual Report on Form 10-K filed with the Securities Exchange Commission on February 17, 2023.