Overview
- 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.