$DKNG (-0,4 %)

🔹 Adjusted EPS: $0.38 (Est. $0.28) 🟢

🔹 Revenue: $1.51B 🟢 (Est. $1.41B); UP +37% YoY

FY25 Guidance (Maintained)

🔹 Revenue: $6.2B–$6.4B; +32% YoY at midpoint

🔹 Adjusted EBITDA: $800M–$900M

Segment & User Metrics

🔹 Sportsbook Revenue: $998M; UP +45% YoY

🔹 iGaming Revenue: $430M; UP +23% YoY

🔹 Other Revenue: $85M; UP +27% YoY

🔹 Monthly Unique Payers (MUPs): 3.3M; UP +6% YoY

🔹 Average Revenue per MUP (ARPMUP): $151; UP +29% YoY

🔹 Sportsbook Handle: $11.5B; UP +6% YoY

🔹 Net Revenue Margin (Sportsbook): 8.7% vs 6.4% YoY

Other Metrics:

🔹 Net Income: $157.9M; UP from $63.8M YoY

🔹 Adjusted EBITDA: $301M; UP from $128M YoY

🔹 Operating Income: $150.6M vs. $(32.4)M YoY

🔹 Cash & Equivalents: $1.26B (vs $788M as of Dec 2024)

Business & Strategic Updates

🔸 Repurchased 6.5M shares YTD under buyback program

🔸 Missouri Sportsbook launch pending approval

🔸 Live in 25 U.S. states + D.C. (Sportsbook); 5 states (iGaming)

🔸 Canada: Active in Ontario (40% of CA population)

🔸 Guidance includes higher tax impacts in NJ, LA, IL

🔸 Impact of Jackpocket acquisition included

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🔹 Revenue: $1.41B (Est. $1.44B) 🔴; UP +20% YoY

🔹 Adj. EPS: $0.12 (Est. $0.22) 🔴

🔹 MUPs: 4.3M; UP +28% YoY

🔹 Avg. Revenue per MUP: $108; -5% YoY

FY25 Guide (Lowered)

🔹 Revenue: $6.20B–$6.40B (Prior: $6.30B–$6.60B) 🔴; vs. Est. $7.61B

🔹 Adj. EBITDA: $800M–$900M (Prior: $900M–$1.0B)

Product & Geographic Highlights

🔹 Live with mobile sports betting in 25 U.S. states + D.C. (~49% of U.S. population)

🔹 iGaming live in 5 states (~11% of U.S. population)

🔹 Active in Ontario, Canada (~40% of Canadian population)

🔹 Missouri legalization passed; launch pending regulatory approval

Management Commentary

🔸 CEO Jason Robins: “If not for customer-friendly outcomes in March, we would be raising guidance. Product enhancements are driving outperformance and strong customer engagement.”

🔸 CFO Alan Ellingson: “Healthy balance sheet supported share repurchases in Q1.”

🔹 Share Repurchase: 3.7M shares in Q1 under existing buyback program

$DKNG (-0,4 %)

🔹 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."

US Senators are requsting FTC probe into the behaviour of Draftkings and Fanduel $DKNG (-0,4 %)
$FLTR (-2,62 %)

$DKNG (-0,4 %) | DraftKings Q3 Earnings Highlights:

🔹 Revenue: $1.095B (Est. $1.112B) 🔴; UP +39% YoY

🔹 Adjusted EPS: -$0.17 (Est. -$0.42) 🟢

🔹 Net Loss: -$293.7M vs. -$283.1M in Q3 2023

🔹 Monthly Unique Payers (MUPs): 3.6M; UP +55% YoY

FY24 Outlook:

🔹 Revenue: $4.85B-$4.95B (Prior: $5.05B-$5.25B) 😕

🔹 Adjusted EBITDA: $240M-$280M (Prior $340M-$420M)😕

FY2025 Guidance:

🔹 Revenue: $6.2B-$6.6B; UP +31% YoY at midpoint

🔹 Adjusted EBITDA: $900M-$1.0B

Key Metrics:

🔹 Average Revenue per MUP: $103; DOWN -10% YoY

🔹 Adjusted EBITDA: -$58.5M vs. -$153.4M in Q3 2023

🔹 Operating Loss: -$298.6M vs. -$286.6M in Q3 2023

CEO Jason Robins’ Commentary:

🔸 "DraftKings delivered strong performance this quarter with the return of major sports. We’re positioned to build on this momentum as we enhance our sportsbook app with live betting features and new NBA markets."

Business Highlights:

🔸 Mobile sports betting live in 25 states + Washington D.C.

🔸 iGaming live in 5 states

🔸 Recently expanded into Ontario, Canada

🔸 Missouri sports betting legalization passed

🔸 Acquired Jackpocket Inc. in May 2024