🔹 EPS: $0.14 (Est. -$0.01) 🟢
🔹 Revenue: $1.39B (Est. $1.435B) 🟡; UP +13% YoY
FY25 Guidance:
🔹 Revenue: $6.3B - $6.6B (Mid: $6.45B; Est. $6.38B) 🟢; UP +35% YoY
🔹 Adjusted EBITDA: $900M - $1.0B (Est. $933M) 🟢
Operational Highlights:
🔹 Monthly Unique Payers (MUPs): 4.8M; UP +36% YoY
🔹 Average Revenue per MUP (ARPMUP): $97; DOWN -16% YoY
🔹 Excluding the impact of the Jackpocket acquisition: ARPMUP decreased by 4% YoY
Business and Market Updates:
🔸 Market Expansion: Live with mobile sports betting in 25 U.S. states (49% of the U.S. population) and iGaming in 5 states (11% of the U.S. population).
🔸 International Presence: Sportsbook and iGaming launched in Ontario, representing 40% of Canada’s population.
🔸 Future Expansion: Expected launches in Missouri and Puerto Rico pending regulatory approvals.
Strategic Commentary:
🔸 CEO Jason Robins: "2024 was a milestone year as we achieved positive Adjusted EBITDA for the first time. Looking forward, we aim to enhance customer economics through live betting and cross-sell opportunities, while driving sustainable growth."
🔸 CFO Alan Ellingson: "With strong core value drivers, we are confident in our raised FY25 revenue guidance midpoint of $6.45B and reaffirmed Adjusted EBITDA guidance of $900M-$1.0B."
