DraftKings (NASDAQ: DKNG) reported Q1 EPS of $0.12, $0.08 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.46 billion.

GUIDANCE:

DraftKings sees FY2025 revenue of $6.2-6.4 billion, versus the consensus of $6.37 billion.

• DraftKings is revising its fiscal year 2025 revenue guidance to $6.2 billion to $6.4 billion, a decrease from our previous guidance of $6.3 billion to $6.6 billion announced on February 13, 2025. Our fiscal year 2025 revenue guidance equates to approximately 32% year-over-year growth based on the Company’s fiscal year 2024 revenue and the midpoint of the Company’s fiscal year 2025 revenue guidance range.
• DraftKings is revising its fiscal year 2025 Adjusted EBITDA guidance to $800 million to $900 million, compared to our previous guidance of $900 million to $1.0 billion announced on February 13, 2025.
• The Company’s guidance for fiscal year 2025 includes all of its existing jurisdictions and does not include the impact of mobile sports betting launching in Missouri

For earnings history and earnings-related data on DraftKings (DKNG) click here.