🔹 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