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.

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