DraftKings Inc.
30.65-0.51 (-1.64%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · DKNG · USD
Key Stats
Market Cap
15.22BP/E (TTM)
-Basic EPS (TTM)
-0.65Dividend Yield
0%Recent Filings
8-K
DraftKings Q2 revenue up 37%
DraftKings smashed records in Q2 2025 with revenue surging 37% to $1,513 million, net income hitting $158 million, and Adjusted EBITDA climbing to $301 million, fueled by robust customer engagement and a higher sportsbook hold. Monthly unique payers rose 6% to 3.3 million, while average revenue per payer jumped 29% to $151. The company holds steady on 2025 guidance of $6.2-$6.4 billion revenue and $800-$900 million Adjusted EBITDA, tilting toward the upper revenue end amid Missouri launch plans. Yet higher taxes in key states loom as a drag.
10-Q
Q2 FY2025 results
DraftKings posted solid Q2 FY2025 results, with revenue jumping 36.9% year-over-year to $1.51B, fueled by 6.5% higher monthly unique payers and 29.1% ARPMUP gains from better sportsbook hold rates and smarter promotions. Operating income swung to a $150.6M profit from a $32.4M loss last year, while diluted EPS hit $0.30, up from $0.10, reconciling neatly with 529M shares. Sportsbook handle rose 6.3% to $11.5B at an 8.7% margin, iGaming added 22.6% to $430M, and the Jackpocket acquisition—closed May 2024 for $773M cash/equity mix, adding $550M goodwill and $270M intangibles over 2.9-8 years—boosted other revenue 26.8%. Cash swelled to $1.26B, free cash flow turned positive at $54.9M YTD from operating cash minus $74.3M investing, backed by $490M revolver availability and $1.84B total debt including $1.26B convertibles due 2028. Yet patent infringement suits from Winview and others loom large.
8-K
DraftKings adds Illinois bet fee
DraftKings announced a 50-cent transaction fee on all mobile and online bets in Illinois, effective September 1, 2025, countering recent state tax hikes that more than tripled its rate over two years. The move aims to sustain the regulated industry amid concerns over illegal betting's unchecked growth. Illinois remains key to DraftKings' expansion. Yet policymakers risk fueling unregulated markets.
8-K
ESPP amendment approved
DraftKings shareholders approved the amendment and restatement of the Employee Stock Purchase Plan at the May 19, 2025 Annual Meeting, effective for the offering starting November 20, 2025. The plan reserves 5,840,000 shares of Class A common stock, with automatic annual increases up to 1% of outstanding shares, capped at 6,600,000, allowing eligible full-time employees to buy shares at 85% of fair market value. All ten directors were elected with strong support, while the shareholder proposal for board matrix disclosure failed overwhelmingly. This bolsters employee ownership incentives amid ongoing growth.
10-Q
Q1 FY2025 results
DraftKings posted solid Q1 FY2025 results, with revenue climbing 19.9% year-over-year to $1.41B on stronger Sportsbook and iGaming engagement, while the operating loss narrowed sharply to $46.3M from $138.8M thanks to better gross margins and controlled spending. Sportsbook handle surged 15.7% to $13.88B at a 6.4% net revenue margin, up from 6.1%, fueled by higher hold rates and efficient promotions; iGaming revenue rose 14.5% to $423.5M. Cash equivalents hit $1.12B, bolstered by a fresh $600M Term B Loan (maturing 2032 at SOFR+1.75%), though free cash flow stayed negative at $(150.7M) (derived) amid heavy investments. The Jackpocket acquisition, closed May 2024 for $773.1M (cash/equity mix), added $550.4M goodwill and $269.7M intangibles amortized over 2.9-8 years, enhancing lottery synergies. Yet patent infringement suits from Winview and others loom as a persistent drag.
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