DraftKings Reports Strong Q1 Revenue Growth

Draftkings Inc ( (DKNG) ) has released its Q1 earnings. Here is a breakdown of the information Draftkings Inc presented to its investors.

DraftKings Inc. is a digital sports entertainment and gaming company that offers a range of products including daily fantasy sports, regulated gaming, and digital media, operating primarily in the U.S. and Canada. In its first quarter of 2025, DraftKings reported a significant revenue increase to $1,409 million, marking a 20% growth from the previous year, driven by strong customer engagement and the acquisition of Jackpocket Inc. Despite this growth, the company faced challenges with customer-friendly sports outcomes affecting its revenue guidance. Key financial metrics showed an increase in Monthly Unique Payers by 28% and a slight decrease in Average Revenue per MUP due to the Jackpocket acquisition. The company’s fiscal year 2025 revenue guidance was revised to $6.2 billion to $6.4 billion, with an Adjusted EBITDA guidance of $800 million to $900 million. Looking forward, DraftKings remains focused on expanding its mobile sports betting and iGaming footprint, with plans to launch in Missouri pending necessary approvals.