Needham analyst Bernie McTernan maintained a Buy rating on DraftKings Inc. DKNG and reiterated the $65 price forecast following the first quarter results reported on Thursday.The company reported first-quarter revenue of $1.41 billion, which missed a Street consensus estimate of $1.44 billion, and earnings per share of 12 cents, which missed a Street consensus estimate of 22 cents per share.The company lowered its full-year revenue guidance from $6.3 billion to $6.6 billion to a new range of $6.2 billion to ...

Highlights DraftKings’ Q1 2025 earnings results were impacted by a record-high win rate for high seeds during March Madness, favoring bettors and cutting into the company’s sportsbook margins — although revenue still rose 20% year over year to $1.41 billion. DraftKings is investing in AI and unique betting features, enhancing product offerings and customer experience while positioning itself as a leader in innovation. The company lowered its 2025 guidance due to short-term unfavorable outcomes but em ...

DraftKings (DKNG) Q1 2025 Earnings Call May 09, 2025 08:30 AM ET Company Participants Michael DeLalio - Senior Director of IRJason Robins - Co-Founder, CEO and ChairmanAlan Ellingson - Chief Financial OfficerDavid Katz - Managing DirectorStephen Grambling - Managing DirectorRobin Farley - Managing DirectorBenjamin Miller - VP - Global Investment ResearchJed Kelly - Managing Director - Equity ResearchClark Lampen - Managing DirectorSteven Sheeckutz - Equity Research - Internet & MediaBarry Jonas - Managing D ...

DraftKings (DKNG) Q1 2025 Earnings Call May 09, 2025 08:30 AM ET Speaker0 Good day, thank you for standing by. Welcome to the DraftKings first quarter twenty twenty five earnings call. At this time, all participants are in a listen only mode. After the speakers' presentation, there'll be a question and answer session. Please be advised today's conference is being recorded. I would now like to hand the conference over to your speaker today, Michael Dell'Elio, Senior Director of Investor Relations. Please go ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________. Commission file number 001-41379 DRAFTKINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

DraftKings Reports First Quarter Revenue of $1,409 Million Boston, MA – May 8, 2025 — DraftKings Inc. (Nasdaq: DKNG) ("DraftKings" or the "Company") today announced its first quarter 2025 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Quarter 2025 Highlights For the three months ended March 31, 2025, DraftKings reported revenue of $1,409 million, an increase of $234 million, ...

Q1 2025 EARNINGS PRESENTATION May 8, 2025 | 1 Legal Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including statements about DraftKings Inc. ("DraftKings", the "Company", "we", "us" and "our") and its industry that involve substantial risks and uncertainties. All statements, other than statements of historical fact, cont ...

DraftKings (DKNG) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.28, delivering a surprise of -47.37%.Over the last four quarters, the company has surpass ...

Sports betting company DraftKings Inc DKNG reported first-quarter financial results after market close Thursday.Here are the key highlights.What Happened: DraftKings reported first-quarter revenue of $1.41 billion, up 20% year-over-year. The revenue total missed a Street consensus estimate of $1.44 billion according to data from Benzinga Pro.The company reported earnings per share of 12 cents, missing a Street consensus estimate of 22 cents per share.Revenue growth came from strong customer engagement, new ...

预计全年营收62亿-64亿美元，公司原本预计63亿-66亿美元。 DraftKings Inc.（DKNG）美股盘后跌3.1%。 该公司一季度营收14.1亿美元，分析师预期14.6亿美元。 ...