DraftKings Reports Strong Growth in Revenue and Users, Raises 2025 Outlook

The sports betting giant's Q4 results highlight revenue growth, increased user engagement, and strategic acquisitions, despite challenges from NFL outcomes.

DraftKings reported Q4 2024 revenue of $1.39 billion, a 13.2% year-over-year increase, with adjusted EPS of $0.14, doubling analyst expectations.
The company raised its 2025 revenue guidance to $6.3 billion-$6.6 billion, reflecting confidence in its growth trajectory and recent acquisitions, including Jackpocket and Simplebet.
Monthly unique players grew by 36% year-over-year to 4.8 million, though average revenue per user declined to $97, down from $116 in 2023.
DraftKings disclosed iGaming revenue for the first time, reporting $426 million for Q4, showing significant potential for growth in states where online casino gaming is legalized.
Despite a net loss of $507.3 million for 2024, the company improved its profitability metrics, achieving an adjusted EBITDA of $181.3 million, compared to a negative $151.0 million in 2023.