DraftKings Non-GAAP EPS of -$0.26 in-line, revenue of $1.14B misses by $60M

  • DraftKings press release (DKNG): Q3 Non-GAAP EPS of -$0.26 in-line.
  • Revenue of $1.14B (+3.6% Y/Y) misses by $60M.
  • Monthly Unique Payers (“MUPs”) increased approximately 2% to 3.6 million average monthly unique paying customers in the third quarter of 2025 compared to the third quarter of 2024.
  • Average Revenue per MUP (“ARPMUP”) increased to $106 in the third quarter of 2025, representing a 3% increase compared to the same period in 2024.
  • Fiscal Year 2025 Guidance

    • DraftKings is revising its fiscal year 2025 revenue guidance. The Company now expects fiscal year 2025 revenue of $5.9 billion to $6.1 billion vs $6.19B consensus. The Company’s updated guidance range equates to year-over-year growth of 24% to 28% based on the Company’s fiscal year 2024 revenue.
    • DraftKings is revising its fiscal year 2025 Adjusted EBITDA guidance. The Company now expects fiscal year 2025 Adjusted EBITDA of $450 million to $550 million.
  • Shares -9%.

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