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DraftKings (DKNG)
NASDAQ:DKNG
Earnings Data
Report Date
Aug 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.12Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 25 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -0.76%
|Next Earnings Date:Aug 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in revenue and operational efficiency, as well as a healthy balance sheet and significant progress in live betting. However, customer-friendly outcomes impacted revenue and EBITDA negatively, leading to a downward revision in fiscal year guidance. Challenges in specific markets also contributed to the headwinds.Company Guidance
During DraftKings' first quarter 2025 earnings call, the company shared several key metrics and updated guidance. Revenue grew by 20% year-over-year to $1.409 billion, and adjusted EBITDA reached $103 million. The sports book handle increased by 15% to $13.9 billion, with a structural sports book hold percentage of 10.4%, up 50 basis points from the previous year. However, customer-friendly sports outcomes, particularly in March, led to a lower actual hold percentage of 9.5%. Despite this, DraftKings maintained a strong balance sheet with $1.1 billion in cash. For fiscal year 2025, the company revised its revenue guidance to between $6.2 billion and $6.4 billion and adjusted EBITDA to between $800 million and $900 million. The company also anticipates a sports book net revenue margin of 7% to 7.5% and expects free cash flow to reach approximately $750 million.Strong Revenue Growth
DraftKings generated $1.409 billion of revenue in Q1 2025, representing 20% year-over-year growth.
Increased Sports Book Handle
Sports book handle increased 15% year-over-year to $13.9 billion, consistent with expectations.
Operational Efficiency
Promotional reinvestments were more efficient year-over-year, and adjusted gross margin increased more than 100 basis points to 45%.
Healthy Balance Sheet
DraftKings completed Q1 with $1.1 billion in cash after repurchasing 3.7 million shares.
Live Betting Growth
Live betting accounted for greater than 50% of total handle for the first time, indicating strong growth in this area.
DKNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DKNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $35.35 | $36.23 | +2.49% |
Feb 13, 2025 | $46.45 | $53.49 | +15.16% |
Nov 07, 2024 | $38.98 | $40.13 | +2.95% |
Aug 02, 2024 | $35.49 | $32.02 | -9.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does DraftKings (DKNG) report earnings?
DraftKings (DKNG) is schdueled to report earning on Aug 01, 2025, TBA Not Confirmed.
What is DraftKings (DKNG) earnings time?
DraftKings (DKNG) earnings time is at Aug 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DKNG EPS forecast?
DKNG EPS forecast for the fiscal quarter 2025 (Q2) is 0.12.
