---
schema_version: "secwatch.filing_event.v1"
accession: "0001883685-25-000035"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:09:17.880205+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DraftKings raises FY2025 revenue guidance to $5.9-6.1B; boosts buyback to $2B

## Summary
- Q3 revenue $1.14B (+4% YoY); net loss $0.52/share vs $0.60 loss year ago.
- FY2025 revenue guidance raised to $5.9-6.1B (24-28% YoY growth); Adj. EBITDA guidance $450-550M.
- Board increased share repurchase authorization from $1.0B to $2.0B.
- MUPs 3.6M (+2% YoY); ARPMUP $106 (+3%); October Sportsbook handle up 17% YoY.
- CEO Jason Robins most bullish ever; DraftKings Predictions launch pending in coming months.

## SEC filing metadata
- accession: 0001883685-25-000035
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000188368525000035/0001883685-25-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000188368525000035/dkng-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883685-25-000035
- JSON: https://secwatch.observer/filing/0001883685-25-000035.json
- Plain text: https://secwatch.observer/filing/0001883685-25-000035.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.