🔹 Revenue: $1.144B (Est. $1.21B) 🔴; UP +4% YoY
🔹 Adj. EPS: -$0.26 (Est. -$0.24) 🔴
FY’25 Guidance (Cut)
🔹 Revenue: $5.9B–$6.1B; +24% to +28% YoY
🔹 Adjusted EBITDA: $450M–$550M
Customers & Engagement
🔹 MUPs: 3.6M; UP ~2% YoY (ex-Jackpocket: UP +6% YoY)
🔹 ARPMUP: $106; UP +3% YoY
🔹 October Sportsbook Handle: UP +17% YoY
Capital & Programs
🔹 Share Repurchase Authorization increased by $1.0B to $2.0B
🔹 “DraftKings Predictions” product targeted to launch in the coming months
Management Commentary
🔸 “This is the most bullish I have ever felt about our future… we’re excited to launch DraftKings Predictions.” – CEO Jason Robins
🔸 “With handle growth accelerating and parlay mix increasing, we’re excited about the trajectory of Free Cash Flow.” – CFO Alan Ellingson