Draftkings (DKNG) Stock News

DraftKings (Nasdaq: DKNG) reported Q4 2025 revenue of $1.989B, up 43% year-over-year, and fiscal 2025 revenue of $6.054B, up 27%. The company posted record Adjusted EBITDA of $343.2M in Q4 and $620.0M for the year, and reported positive fiscal 2025 net income.

DraftKings introduced fiscal 2026 guidance: revenue $6.5–6.9B and Adjusted EBITDA $700–900M, cited investment in DraftKings Predictions, footprint expansion, and disciplined planning.

DraftKings (Nasdaq: DKNG) announced an agreement with Crypto.com to expand DraftKings Predictions by adding the first player-specific NFL and NBA event contracts, broader sports markets, and new categories such as culture, entertainment, and politics. The platform will also integrate Railbird Exchange in coming months.

The expansion leverages a CFTC-regulated exchange connection and aims to increase prediction market breadth in states where the product is available while keeping Responsible Trading tools integrated.

DraftKings (Nasdaq: DKNG) will release fourth quarter 2025 results after market close on February 12, 2026 and hold an earnings conference call and audio webcast on February 13, 2026 at 8:30 a.m. ET to discuss results and business performance. The audio webcast will be available on the company's investor relations site through March 31, 2026. DraftKings will also host a virtual Investor Day on March 2, 2026 at 9:00 a.m. ET to present its opportunity, sustainable advantages, financial framework, and capital allocation priorities. Webcasts, on-demand replays, and presentation materials will be posted on the investor relations website after each event.

DraftKings (NASDAQ: DKNG) on Dec 19, 2025 launched DraftKings Predictions, a standalone mobile and web app entering prediction markets under CFTC oversight. The product lets eligible U.S. customers trade event contracts across sports and finance initially, with entertainment and culture planned later. Event contracts will be available across 38 states and DraftKings Predictions will connect to multiple exchanges, beginning with CME Group at launch. The company plans a phased rollout that includes integration of recently acquired Railbird Technologies and highlights a Responsible Trading program, deposit limits, self-exclusion tools, and educational resources. Launch promotions include a $1 million prize opportunity and up to a $25 trade bonus for first trades where sports event contracts are offered.

DraftKings (NASDAQ: DKNG) announced on November 25, 2025 the launch of a Spanish-language experience within the DraftKings Sportsbook & Casino app. The feature will roll out first to select existing customers in the U.S. and Ontario, then expand to all users in the coming weeks. Mobile devices set to Spanish will default the app to Spanish after updating. The Spanish experience will extend across onboarding, navigation, betting content, gameplay, promotions, customer support, and Responsible Gaming Center tools.

DraftKings (Nasdaq: DKNG) will launch its mobile sportsbook in Missouri on December 1, 2025 after receiving a temporary direct mobile sports wagering license from the Missouri Gaming Commission. Missouri becomes the 29th U.S. state where DraftKings offers sports wagering, plus Washington, D.C., Puerto Rico and Ontario, Canada.

Eligible Missouri customers will access same-game parlays, in-game wagering, odds boosts, and responsible gaming tools such as My Stat Sheet and My Budget Builder. A ceremonial first-bet event in St. Louis on December 1 will feature Tony Gonzalez, Isaac Bruce and Brett Hull. DraftKings is donating $50,000 to Veterans Community Project to support veteran housing in Missouri.

DraftKings (Nasdaq: DKNG) announced that Jason Robins, CEO and co‑founder, was named 2025 C‑Suite Executive of the Year by the American Gambling Awards on November 18, 2025.

The award, produced by Gambling.com Group (Nasdaq: GAMB), cites Robins’ role in driving DraftKings’ growth, advancing interactive sports betting features like live betting, player props, and social features, and promoting companywide adoption of AI to boost innovation and efficiency. The summary also notes Robins’ emphasis on responsible gaming: he appointed the industry’s first Chief Responsible Gaming Officer and established a dedicated team of over 50 full‑time professionals plus tools such as My Budget Builder and My Stat Sheet.

DraftKings (Nasdaq: DKNG) reported Q3 2025 revenue of $1,144.0M, up 4.4% year-over-year, driven by iGaming growth and higher Sportsbook hold despite customer-friendly sport outcomes.

The company raised fiscal 2025 guidance to $5.9B–$6.1B revenue (24%–28% YoY) and $450M–$550M Adjusted EBITDA, and its board increased the share repurchase program from $1.0B to $2.0B.

Q3 results showed iGaming revenue +24.9%, Sportsbook handle of $11.40B (+10.0%), Q3 net loss attributable to common stockholders of $256.8M (basic EPS $(0.52)), and cash/reserved balances totaling $1,708.2M at September 30, 2025.

DraftKings (Nasdaq: DKNG) appointed Gregory W. Wendt to its Board of Directors as an independent director, effective October 24, 2025. He was recommended by the Board’s Nominating and Corporate Governance Committee and will serve on that committee.

Mr. Wendt retired as a Partner at Capital Group after a 37-year career, where he worked as an investment analyst and portfolio manager with research coverage of the global casino and leisure sectors. He holds an A.B. in Economics from the University of Chicago and an M.B.A. from Harvard.