Why is CEO Jason Robins 'most bullish' on DraftKings' future despite the revised FY25 guidance cut in Q3?

Despite DraftKings revising its fiscal year 2025 guidance downwards in the third quarter of 2025, CEO Jason Robins expressed strong bullishness on the company's future. He stated, "This is the most bullish I have ever felt about our future."1

Robins attributed his optimism to two primary factors:

1. Accelerating Underlying Growth: He indicated that the fundamental growth in the business was accelerating.1
2. New Product Opportunity: Robins highlighted the upcoming launch of "DraftKings Predictions" in the coming months, viewing it as a "significant incremental opportunity" for the company.1

In Q3 2025, DraftKings revised its fiscal year 2025 revenue guidance to $5.9 billion to $6.1 billion and its Adjusted EBITDA guidance to $450 million to $550 million.1 This revision followed an earlier adjustment in Q1 2025, where FY25 guidance was also lowered due to customer-friendly sport outcomes.2 However, Robins' Q3 2025 statement suggests a focus on long-term strategic initiatives and underlying business momentum rather than short-term guidance adjustments.