Draftkings Inc Stock Price, News & Analysis

DraftKings (NASDAQ:DKNG) reported record-breaking Q2 2025 results with revenue reaching $1.513 billion, a 37% increase year-over-year. The company achieved significant milestones with net income of $158 million and Adjusted EBITDA of $301 million.

Monthly Unique Payers grew to 3.3 million, up 6% YoY, while Average Revenue per MUP increased 29% to $151. The company maintained its FY2025 guidance of $6.2-6.4 billion in revenue and $800-900 million in Adjusted EBITDA, expecting revenue to be near the higher end of the range.

DraftKings operates in 25 states for mobile sports betting and 5 states for iGaming, with plans to launch in Missouri. The company also repurchased 6.5 million shares in the first half of 2025.

DraftKings (NASDAQ: DKNG) has scheduled its second quarter 2025 financial results release for August 6, 2025 after market close. The company will host a conference call and audio webcast the following day on August 7, 2025, at 8:30 a.m. ET, where management will discuss quarterly performance and provide business commentary.

Investors and interested parties can access the audio webcast and Q&A session through DraftKings' investor relations website. The webcast recording will remain available until September 30, 2025, at 11:59 p.m. ET.

DraftKings (NASDAQ: DKNG) has launched My Budget Builder, a new Responsible Gaming tool designed to help players manage their entertainment budgets across DraftKings' platforms including Sportsbook, Daily Fantasy Sports/Pick6, and Casino.

The tool allows users to set customized limits and reminders through a guided interface, covering categories such as deposit amounts, total wagers, maximum wager size, loss limits, time spent, contest entries, and contest fees. Players can access My Budget Builder through the DraftKings Responsible Gaming Center online or via the DraftKings app.

This launch follows the success of DraftKings' My Stat Sheet feature, introduced in 2024, which has garnered over 20 million visits since its debut. My Stat Sheet provides players with detailed gaming activity information including time spent, deposits, withdrawals, contest participation, and net outcomes.

DraftKings (NASDAQ: DKNG) has announced the implementation of a $0.50 transaction fee on all mobile and online sports bets placed in Illinois through DraftKings Sportsbook, effective September 1, 2025. This decision comes in response to recent tax increases by the Illinois state legislature that have more than tripled the tax rate on mobile and online sports wagers over the past two years. CEO Jason Robins expressed disappointment with the policy changes and raised concerns about their impact on the legal, regulated industry while noting that illegal operators continue to thrive without paying taxes or providing consumer protections. DraftKings has committed to removing the fee if the tax legislation is repealed.

DraftKings (DKNG) reported Q1 2025 revenue of $1,409 million, up 20% from $1,175 million in Q1 2024. Monthly Unique Payers increased 28% to 4.3 million, while Average Revenue per MUP decreased 5% to $108. The company revised its FY2025 guidance downward, now projecting revenue of $6.2-6.4 billion (32% YoY growth) and Adjusted EBITDA of $800-900 million. The revenue increase was driven by customer engagement, efficient customer acquisition, higher Sportsbook hold percentage, and the Jackpocket acquisition, though offset by customer-friendly sport outcomes. DraftKings repurchased 3.7 million shares in Q1 and is currently operational with mobile sports betting in 25 states plus D.C. (49% of U.S. population) and iGaming in 5 states (11% of U.S. population).

DraftKings (DKNG) has scheduled the release of its first quarter 2025 financial results after market trading hours on Thursday, May 8, 2025. The company will follow this with a conference call and audio webcast on Friday, May 9, 2025, at 8:30 a.m. ET.

Management will discuss the quarterly results and provide business performance commentary during the call. Interested parties can access the audio webcast and Q&A session through DraftKings' investor relations website at investors.draftkings.com. The webcast recording will remain available for replay until June 30, 2025, at 11:59 p.m. ET.

DraftKings (DKNG) has announced several responsible gaming initiatives during Problem Gambling Awareness Month. The company is renewing its State Council Funding Program, which will distribute over $500,000 to 34 U.S. state problem gambling councils in 2025. Since its 2022 launch, the program has provided over $2 million in support.

The company is celebrating the one-year anniversary of its My Stat Sheet tool, which has attracted nearly half of all DraftKings players and recorded 13 million unique visits. This feature provides players with personalized gaming behavior insights, including time spent, deposits, withdrawals, and net wins/losses.

Additionally, DraftKings is launching a national Responsible Gaming advertising campaign with a $10 million investment. The campaign, developed with NFL and NBA branding support, will air during NCAA basketball tournaments to promote responsible gaming practices.

DraftKings (DKNG) has successfully closed a $600 million senior secured term loan B credit facility, which was upsized from the initially announced $500 million due to strong market demand. The Term Loan B will mature in March 2032 and carries an interest rate of SOFR plus 1.75% per annum.

The facility was offered at 99.50% of par value and requires annual repayment of 1.00% of its aggregate principal amount. The company plans to use the net proceeds for general corporate purposes.

DraftKings (DKNG) announced that CEO and Co-founder Jason Robins will participate in the Morgan Stanley Technology, Media & Telecom Conference on March 4, 2025, at 3:20PM ET. The fireside chat will be accessible through both the conference website and DraftKings' Investor Relations website.