Q3 25 EPS
$-0.26
MISS 1.84%
Est. $-0.26
Q3 25 Revenue
$1.14B
MISS 4.81%
Est. $1.20B
vs S&P Since Q3 25
-26.2%
TRAILING MARKET
DKNG -18.8% vs S&P +7.4%
Market Reaction
Did DKNG Beat Earnings? Q3 2025 Results
DraftKings delivered a disappointing third quarter, missing on both the top and bottom lines as unfavorable sporting outcomes weighed heavily on results. Revenue came in at $1.14 billion, up 4.4% year-over-year but falling 4.81% short of the $1.20 bi… Read more DraftKings delivered a disappointing third quarter, missing on both the top and bottom lines as unfavorable sporting outcomes weighed heavily on results. Revenue came in at $1.14 billion, up 4.4% year-over-year but falling 4.81% short of the $1.20 billion consensus, while adjusted EPS of -$0.26 missed the -$0.26 estimate by 1.84%. The culprit was clear: Sportsbook revenue tumbled 9.3% to $596.12 million as net revenue margin compressed to 5.2% from 6.3%, even as handle climbed 10% to $11.40 billion, a dynamic that has kept sentiment around the stock cautious heading into the print. IGaming offered a meaningful offset, with that segment rising 24.9% to $451.30 million. Looking ahead, management revised full-year revenue guidance to $5.90 billion to $6.10 billion and Adjusted EBITDA to $450 million to $550 million, pointing to the pending DraftKings Predictions launch and a Missouri market entry as incremental growth drivers, even as near-term margin pressure from sport outcome volatility remains a watch item.
Key Takeaways
- • Continued healthy customer engagement and efficient new customer acquisition
- • Higher structural Sportsbook hold percentage
- • Strong iGaming revenue growth of 24.9% YoY
- • Sportsbook Handle increased 10% YoY to $11.4 billion in Q3
- • Customer-friendly sport outcomes negatively impacted Sportsbook revenue
- • Parlay handle mix continuing to increase
DKNG YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
DKNG Revenue by Segment
With YoY comparisons, source: SEC Filings
“This is the most bullish I have ever felt about our 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.”
— Jason Robins, Q3 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 | — | — | — | — |