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DraftKings vs StubHub: revenue, profit, margins and growth compared

DraftKings brought in $6.1B of revenue in fiscal 2025, StubHub $1.7B in fiscal 2025. Revenue changed by +27.0% at DraftKings and -1.4% at StubHub on the year before, so DraftKings grew faster. DraftKings kept 0.1% of its revenue as net profit, StubHub -109.2%. Free cash flow was $647.5M at DraftKings and $191.2M at StubHub.

Side by side, latest fiscal year

DKNGSTUB
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.1B$1.7B
Revenue growth+27.0%-1.4%
Net income$3.7M-$1.9B
Net margin0.1%-109.2%
Free cash flow$647.5M$191.2M
Free cash flow margin10.7%11.0%
Earnings per share (diluted)-$0.01-$6.27
Cash$1.1B$1.2B
Debtn/a$1.5B
Price to earningsn/an/a
Market value$10.9B$2.1B
Dividend yieldn/an/a
Rank by revenue in sector#176 of 778 · Consumer discretionary#375 of 778 · Consumer discretionary

Over the years

Revenue
DKNG FY2020: $614.5MDKNG FY2022: $1.3BDKNG FY2022: $2.2BDKNG FY2023: $3.7BDKNG FY2024: $4.8BDKNG FY2025: $6.1BSTUB FY2023: $1.4BSTUB FY2025: $1.8BSTUB FY2025: $1.7BFY20FY22FY23FY24FY25
DKNG $6.1BSTUB $1.7B
Net income
DKNG FY2020: -$1.2BDKNG FY2022: -$1.5BDKNG FY2022: -$1.4BDKNG FY2023: -$802.1MDKNG FY2024: -$507.3MDKNG FY2025: $3.7MSTUB FY2023: $405.2MSTUB FY2025: -$2.8MSTUB FY2025: -$1.9BFY20FY22FY23FY24FY25
DKNG $3.7MSTUB -$1.9B
Net margin
DKNG FY2020: -200.5%DKNG FY2022: -117.5%DKNG FY2022: -61.5%DKNG FY2023: -21.9%DKNG FY2024: -10.6%DKNG FY2025: 0.1%STUB FY2023: 29.6%STUB FY2025: -0.2%STUB FY2025: -109.2%FY20FY22FY23FY24FY25
DKNG 0.1%STUB -109.2%
Revenue growth
DKNG FY2022: +110.9%DKNG FY2022: +72.9%DKNG FY2023: +63.6%DKNG FY2024: +30.1%DKNG FY2025: +27.0%STUB FY2025: +29.5%STUB FY2025: -1.4%FY22FY23FY24FY25
DKNG +27.0%STUB -1.4%
Free cash flow
DKNG FY2020: -$205.9MDKNG FY2022: -$435.4MDKNG FY2022: -$657.9MDKNG FY2023: -$22.7MDKNG FY2024: $407.6MDKNG FY2025: $647.5MSTUB FY2023: $305.7MSTUB FY2025: $259.8MSTUB FY2025: $191.2MFY20FY22FY23FY24FY25
DKNG $647.5MSTUB $191.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about DraftKings and StubHub

Which is bigger by revenue, DraftKings or StubHub?

DraftKings is bigger by revenue: $6.1B in fiscal 2025, against $1.7B for StubHub in fiscal 2025.

Which keeps more of its revenue as profit, DraftKings or StubHub?

DraftKings had a net margin of 0.1% in fiscal 2025; StubHub had -109.2% in fiscal 2025.

Which grew revenue faster, DraftKings or StubHub?

In their latest fiscal years revenue changed by +27.0% at DraftKings and -1.4% at StubHub.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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