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hot_img DraftKings Q2 revenue was $1.443 billion, a year-on-year decrease of 5%, with market business growth forecasted to exceed expectations

DraftKings announced its Q2 2026 financial report, with revenue of $1.443 billion, a year-on-year decrease of 5%, mainly affected by customer-friendly sports outcomes and increased customer acquisition promotional spending; net loss of $67.61 million, compared to a net profit of $158 million in the same period last year; adjusted EBITDA was $115 million, down from $301 million in the same period last year. The sports consumer transaction volume reached $13.1 billion, a year-on-year increase of 15%, with monthly active paying users (MUP) of approximately 3.6 million, a year-on-year increase of 9%, and average revenue per monthly active paying user (ARPMUP) decreased by 13% to $132.CEO Jason Robins stated that the market business has exceeded expectations since its launch in December last year, with relevant customer metrics performing similarly to sports betting, showing strong user acquisition and retention, and the super app has been launched nationwide. The company maintains its guidance for full-year revenue of $6.5 to $6.9 billion and adjusted EBITDA of $700 to $900 million. DraftKings currently offers mobile sports betting services in 27 states and Washington D.C., and Puerto Rico, covering approximately 53% of the U.S. population, with iGaming available in 5 states. The Canadian market has covered Alberta and Ontario, accounting for about 51% of the Canadian population.

The decentralized data infrastructure project Permacast has completed a total of $8.9 million in financing, with participation from OKX Ventures and others

According to the New York Daily, the decentralized data infrastructure project Permacast based on Permaweb announced the completion of its Series A funding round on January 15, 2025, raising over $5 million. Combined with the previously completed seed round and Pre-A round, the total funding raised by the project has reached $8.9 million.This round of financing received support from several leading Web3 funds, technology investment institutions, and strategic angel investors. Seed round investors include OKX Ventures, Big Brain Holdings, ChainVision, Foresight Research, and Digital Humanism (DRF); Pre-A round investors include ClearingPoint, 7 O'Clock Capital, Cipholio Ventures, SilverFox Foundation, and a number of private investors; Series A round investors include CoinSummer, angel investor Tomasz Boryniec, Waterwood Investment (Tsinghua), Scorpio VC, and a number of private investors.Permacast stated that as AI models reshape the way information is created and utilized, the demand for trustworthy, permanent, and verifiable data infrastructure is growing. The new funds will be used to accelerate protocol development, expand decentralized network infrastructure, strengthen ecological cooperation, and expand the engineering and product teams. The team stated that a permanent, verifiable, and open data network will become the foundational infrastructure for future intelligent applications.
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