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DraftKings (DKNG)
NASDAQ:DKNG
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.01Last Year’s EPS
-0.3Same Quarter Last Year
Strong Buy
Based on 29 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 6.44%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presents a largely positive outlook for DraftKings, with strong revenue growth, customer acquisition, and successful events such as the Super Bowl contributing to a favorable performance. However, challenges such as the impact of higher taxes in Illinois and concerns about handle growth are notable. Despite these hurdles, the overall sentiment remains optimistic with planned investments in live betting and increased revenue guidance for 2025.Company Guidance
During DraftKings' Fourth Quarter 2024 earnings call, the company reported strong financial results and provided guidance for fiscal year 2025. In 2024, DraftKings achieved a 30% increase in revenue year-over-year, reaching $4.8 billion, and improved its adjusted EBITDA by $332 million to $181 million, with free cash flow turning positive for the first time. The customer base grew by 42% to 10.1 million. For 2025, the company raised its revenue guidance range to $6.3 billion to $6.6 billion, representing a 32% to 38% year-over-year growth, while reaffirming its adjusted EBITDA guidance of $900 million to $1 billion. DraftKings highlighted its focus on live betting and emerging verticals such as digital lottery courier, with plans to leverage recent acquisitions to enhance technology and product offerings. The company anticipates a structural Sportsbook hold percentage of approximately 11% in 2025, with an adjusted gross margin expected to be in the range of 46% to 47%. Additionally, DraftKings aims to optimize its capital structure and explore opportunities in the debt markets to maximize shareholder returns.Revenue Growth and Financial Performance
DraftKings reported a 30% year-over-year revenue increase in 2024 to $4.8 billion and a significant improvement in adjusted EBITDA, which increased by $332 million year-over-year to $181 million. Free cash flow was positive for the first time in the company's history.
Customer Base Expansion
DraftKings acquired 3.5 million new customers at record low customer acquisition costs, increasing the total customer base by 42% year-over-year to 10.1 million.
Q4 2024 Performance
Fourth quarter 2024 revenue was $1.393 billion, representing a 13% year-over-year growth with $89 million in adjusted EBITDA. Strong customer acquisition and engagement metrics contributed to this performance.
Super Bowl Success
On Super Bowl Sunday, DraftKings Sportsbook app reached #1 in the sports category and #3 across all apps in the App Store. The company set a record for Sportsbook handle at $436 million, marking the highest Sportsbook gross gaming revenue day in company history.
2025 Revenue Guidance Increase
DraftKings raised its fiscal year 2025 revenue guidance to $6.3 billion to $6.6 billion, representing year-over-year growth of 32% to 38%, due to expected investments in live betting.
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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
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DKNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 02, 2024 | $43.03 | $41.82 | -2.81% |
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.
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FAQ
When does DraftKings (DKNG) report earnings?
DraftKings (DKNG) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is DraftKings (DKNG) earnings time?
DraftKings (DKNG) earnings time is at May 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 (Q1) is 0.01.
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