8-K
filed May 9, 2025, 7:59 PM ET
ticker DKNG
CIK 0001883685
earnings
confidence high
sentiment negative
materiality 0.80
DraftKings Q1 revenue up 20% to $1.41B but cuts FY2025 guidance on customer-friendly March outcomes
DraftKings Inc.
2025-Q1 EPS reported
-$0.07
revenue$1,408,806,000
- Revenue $1,409M (+20% YoY); net loss narrowed to $33.9M ($0.07 loss per share) from $142.6M ($0.30 loss) in Q1 2024.
- MUPs grew 28% to 4.3M; ARPMUP fell 5% to $108, largely due to Jackpocket mix; ex-Jackpocket ARPMUP rose ~7%.
- FY2025 revenue guidance lowered to $6.2–$6.4B (from $6.3–$6.6B); Adjusted EBITDA guidance cut to $800–$900M (from $900M–$1.0B).
- Company repurchased 3.7M shares in Q1 under existing buyback program; live in 25 states and DC for sports betting.
- Management blamed customer-friendly March sports outcomes for guidance revision; else would have raised outlook.
Machine-readable event card
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- secwatch.filing_event.v1
- accession
- 0001883685-25-000017
- form_type
- 8-K
- ticker
- DKNG
- cik
- 0001883685
- company_name
- DraftKings Inc.
- filed_at
- 2025-05-09T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:50.366281+00:00
- generated_at
- 2026-05-22T02:17:41.449664+00:00
- sec_items
- ["2.02", "9.01"]
- event_type
- earnings
- sentiment
- negative
- materiality_score
- 0.8
- calibrated_materiality_score
- 0.8
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001883685-25-000017
- json_url
- https://secwatch.observer/filing/0001883685-25-000017.json
- markdown_url
- https://secwatch.observer/filing/0001883685-25-000017.md
- text_url
- https://secwatch.observer/filing/0001883685-25-000017.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1883685/000188368525000017/0001883685-25-000017-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1883685/000188368525000017/dkng-20250509.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
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- correction_note
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- correction_timestamp
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