Draftkings Inc (NASDAQ:DKNG) late Thursday reported third quarter 2025 revenue that rose 4% year over year to $1.14 billion, falling short of the analyst consensus estimate of $1.2 billion.
The sports betting platform, though, posted a loss for the period of $0.26 per share, better than expectations of a $0.32 per share deficit.
The company also said it anticipates fiscal 2025 revenue of $5.90 billion to $6.10 billion, lower than the Wall Street forecast of $6.19 billion.
Despite missing expectations, the company’s CEO remains bullish about the company’s future.
“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,” DraftKings CEO Jason Robins said in a statement.
The company, however, saw its monthly unique active users rise by just 2% to 3.6 million during the quarter, indicating slower growth than a few years ago.
DraftKings shares rose 3% to $28.93 in early trading on Friday.