Q1 25 EPS
$0.12
MISS 2.44%
Est. $0.12
Q1 25 Revenue
$1.41B
MISS 1.23%
Est. $1.43B
vs S&P Since Q1 25
-63.6%
TRAILING MARKET
DKNG -35.9% vs S&P +27.7%
Market Reaction
Did DKNG Beat Earnings? Q1 2025 Results
DraftKings delivered a mixed first quarter for 2025, falling just short of Wall Street's expectations as investors had been watching closely for signs of momentum in the competitive online gaming space. The company posted revenue of $1.41 billion, up… Read more DraftKings delivered a mixed first quarter for 2025, falling just short of Wall Street's expectations as investors had been watching closely for signs of momentum in the competitive online gaming space. The company posted revenue of $1.41 billion, up 19.9% year-over-year but shy of the $1.43 billion consensus by 1.23%, while adjusted EPS of $0.12 missed the $0.12 estimate by 2.44%. The single biggest drag on the quarter was customer-friendly sport outcomes in March, which weighed on sportsbook margins even as structural hold improvements and the Jackpocket acquisition added meaningful lift; Sportsbook net revenue margin still edged up to 6.4% from 6.1% a year ago. On the bright side, adjusted EBITDA surged to $102.63 million from $22.39 million in the prior-year period, and monthly unique payers grew 28% to 4.3 million. The March headwinds also prompted DraftKings to trim its full-year 2025 revenue guidance to $6.20 billion to $6.40 billion and reduce adjusted EBITDA guidance to $800 million to $900 million, though CEO Jason Robins noted the company would have raised its outlook absent those unfavorable outcomes.
Key Takeaways
- • Continued healthy customer engagement
- • Efficient acquisition of new customers
- • Higher structural Sportsbook hold percentage (6.4% vs 6.1% YoY)
- • Jackpocket acquisition contribution
- • Monthly Unique Payers increased 28% YoY to 4.3 million
- • ARPMUP increased approximately 7% excluding Jackpocket
DKNG YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
DKNG Revenue by Segment
With YoY comparisons, source: SEC Filings
“Recent product enhancements are driving outperformance in our core value drivers, and our customer metrics continue to be strong through an evolving macroeconomic environment.”
— Jason Robins, Q1 2025 Earnings Press Release
DKNG Earnings Trends
DKNG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DKNG EPS Trend
Earnings per share: estimate vs actual
DKNG Revenue Trend
Quarterly revenue: estimate vs actual
DKNG Quarterly Results
7 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.18 | $0.36 | +100.00% | $1.99B | +0.80% |
| FY Full Year | $0.79 | $0.66 | -16.28% | $6.05B | +0.26% |
| Q3 25 MISS | $-0.26 | $-0.26 | -1.84% | $1.14B | -4.81% |
| Q2 25 MISS | $0.41 | $0.38 | -6.31% | $1.51B | +6.03% |
| Q1 25 MISS | $0.12 | $0.12 | -2.44% | $1.41B | -1.23% |
| Q1 24 BEAT | $-0.28 | $0.03 | +110.71% | $1.17B | +4.51% |
| Q4 23 BEAT FY | $0.08 | $0.29 | +262.50% | $1.23B | -0.75% |
| FY Full Year | — | $-0.41 | — | $3.67B | — |
| Q4 22 | $-0.59 | — | — | — | — |