DraftKings Q1 Revenue Falls Short of Estimates with 4.3 Million Monthly Unique Payers and $108 Avg Revenue Per Player

DraftKings Q1 results: Monthly unique payers at 4.3 million, below the consensus estimate of 4.77 million. Average revenue per unique player at $108, also below the consensus estimate of $113.60. The company operates in 27 US states and Ontario, Canada for sports betting, and five US states and Ontario for iGaming.

DraftKings Inc. (NASDAQ: DKNG) reported its first-quarter 2025 financial results today, revealing revenue of $1.409 billion, which was below analysts' expectations of $1.46 billion. The company's monthly unique payers (MUPs) stood at 4.3 million, falling short of the consensus estimate of 4.77 million. The average revenue per MUP (ARPMUP) was $108, also below the consensus estimate of $113.60.

The quarter saw strong top-line performance driven by continued healthy customer engagement, efficient customer acquisition, and higher structural sportsbook hold percentages. The acquisition of Jackpocket Inc. also contributed to the revenue growth. However, the company noted that customer-friendly sport outcomes in March partially offset the gains.

DraftKings operates in 27 US states and Ontario, Canada for sports betting, and five US states and Ontario for iGaming. The company's revenue guidance for the full year 2025 has been revised to $6.2 billion to $6.4 billion, down from the previous guidance of $6.3 billion to $6.6 billion.

The company's earnings call is scheduled for tomorrow, May 9, 2025, at 8:30 a.m. ET. Investors will be looking for updates on the company's operational execution, customer retention, and promotional discipline.

References:
[1] https://finance.yahoo.com/news/expect-draftkings-dkng-q1-earnings-070527311.html
[2] https://247wallst.com/investing/2025/05/08/draftkings-nasdaq-dkng-earnings-live-will-this-be-a-blockbuster-quarter/
[3] https://www.globenewswire.com/news-release/2025/05/08/3077783/0/en/DraftKings-Reports-First-Quarter-Revenue-of-1-409-Million.html