DraftKings reported stronger-than-expected Q2 revenue and earnings, with revenue of $1.51 billion and adjusted earnings of 38 cents per share, exceeding analyst estimates. The company maintained full-year revenue and EBITDA guidance, while analysts like BofA Securities and Needham reiterated Buy ratings with price targets. However, DraftKings shares reversed from initial gains to close lower on Thursday.

DraftKings Inc. (DKNG) reported Q2 2025 earnings that exceeded expectations, with an earnings per share (EPS) of $0.38 versus a forecast of $0.13, a 192.31% surprise. Revenue reached $1.51 billion, surpassing the anticipated $1.4 billion. The stock saw a premarket increase of 2.05%, trading at $46.29, with a market capitalization of $22.04 billion and a 50.5% return over the past year.

DraftKings Inc (DKNG) reported strong Q2 FY2025 financial results, including 37% YoY revenue growth to $1.513 billion and adjusted EBITDA of $301 million. The company maintained its FY2025 guidance, citing sportsbook-friendly outcomes and a mobile sports betting launch in Missouri. Key highlights include record sportsbook handle, improved margins, and focus on AI-driven innovation.

The article reports on the top-performing stocks on Thursday, highlighting DraftKings' 7% gain, SoundHound AI's 1.08% increase, and other notable stock movements, including NVIDIA's -36.99% drop and Apple's 4.59% rise.

DraftKings Inc. reported strong Q2 financials, including $1.51 billion in revenue and 135% year-on-year growth in adjusted EBITDA, but underlying growth indicators like sportsbook handle growth and iGaming market share have slowed. The company maintains a competitive edge in sports betting but has lost ground in iGaming. Its valuation is considered fair at $47.3, with a Hold rating.