DraftKings (DKNG) Company Report

DraftKings Inc. has launched DraftKings Predictions, a new standalone mobile app and web product, formally entering prediction markets under the oversight of the U.S. Commodity Futures Trading Commission (CFTC).
The new platform allows eligible customers to trade on real-world outcomes, initially in sports and finance, and will expand the Company's total addressable market by being available across 38 states, including California, Florida, Georgia, and Texas.
DraftKings Predictions, operating through a CFTC-registered Introducing Broker subsidiary, plans to connect to multiple exchanges, beginning with CME Group, and will integrate the recently acquired Railbird Technologies Inc. to broaden available markets and deliver advantaged economics.

2 days ago

Press Release

DraftKings Reports Q3 2025 Results, Revises FY 2025 Guidance, and Expands Share Repurchase Program

DKNG

Earnings

Guidance Update

Share Buyback

DraftKings reported Q3 2025 revenue of $1,144 million, representing 4% year-over-year growth, and an Adjusted EBITDA of -$127 million.
The company revised its fiscal year 2025 revenue guidance to $5.9 billion-$6.1 billion (from $6.2 billion-$6.4 billion) and Adjusted EBITDA guidance to $450 million-$550 million (from $800 million-$900 million), primarily due to customer-friendly sport outcomes impacting revenue by over $300 million in September and October.
DraftKings plans to launch DraftKings Predictions in the coming months, which is viewed as a significant incremental opportunity, and has secured new exclusive marketing agreements with ESPN and NBCUniversal.
The board authorized increasing the share repurchase program from $1 billion to $2 billion, with 9.3 million shares already bought back since the program's inception.

Nov 7, 2025, 1:30 PM

Transcript

DraftKings Reports Q3 2025 Results and Updates Full-Year Guidance

DKNG

Guidance Update

Product Launch

Share Buyback

DraftKings reported Q3 2025 revenue of $1,144 million, representing 4% year-over-year growth, and a negative adjusted EBITDA of $127 million.
The company revised its fiscal year 2025 revenue guidance to $5.9 billion-$6.1 billion and adjusted EBITDA guidance to $450 million-$550 million, primarily due to a negative impact of over $300 million on revenue from customer-friendly sport outcomes in September and October.
Despite the impact of sport outcomes, underlying business metrics showed strong engagement, with NFL handle up 13% season to date, NBA handle up 19% season to date, and iGaming net revenue growth accelerating to 25% year over year in Q3.
DraftKings is set to launch DraftKings Predictions in the coming months, which is viewed as a significant incremental opportunity and is included in the updated fiscal year 2025 guidance.
The board authorized increasing the share repurchase program from $1 billion to $2 billion, having already repurchased 9.3 million shares since its inception.

Nov 7, 2025, 1:30 PM

Transcript

DraftKings Announces Q3 2025 Results and Strategic Initiatives

DKNG

Earnings

Share Buyback

Product Launch

DraftKings reported a Q3 2025 Adjusted EBITDA of ($126,488) thousand with an Adjusted EBITDA Margin of (11.1)%.
The board increased the share repurchase authorization to $2 billion, and the company anticipates being active with share repurchases over the next quarter.
The business is experiencing strong underlying growth, with NFL handle up 13% YoY and NBA handle up 19% YoY season-to-date through November 3, 2025, complemented by surging parlay handle mixes.
For Q3 2025, Sportsbook revenue was $596 million and iGaming revenue was $451 million. Monthly Unique Payers (MUPs) were 3.6 million and Average Revenue per MUP (ARPMUP) was $106.
DraftKings plans to launch DraftKings Predictions in the coming months, pending licensure.

Nov 7, 2025, 1:30 PM

Presentation

DraftKings Revises FY 2025 Guidance Amid Q3 2025 Revenue Growth and Strategic Initiatives

DKNG

Earnings

Guidance Update

Product Launch

Share Buyback

DraftKings reported Q3 2025 revenue of $1,144 million, representing 4% year-over-year growth, and a negative adjusted EBITDA of $127 million. These results were significantly impacted by over $300 million in customer-friendly sport outcomes in September and October.
The company revised its fiscal year 2025 revenue guidance to $5.9 billion-$6.1 billion and adjusted EBITDA guidance to $450 million-$550 million, a reduction from previous projections.
DraftKings is set to launch DraftKings Predictions in the coming months, viewing it as a significant incremental opportunity, and has secured new exclusive marketing agreements with ESPN and NBCUniversal.
The board authorized an increase in the share repurchase program from $1 billion to $2 billion, with the company anticipating active repurchases over the next quarter.

Nov 7, 2025, 1:30 PM

Transcript

DraftKings Reports Q3 2025 Results and Updates Guidance

DKNG

Earnings

Guidance Update

Share Buyback

DraftKings reported Q3 2025 revenue of $1,144 million, an increase of 4% compared to the same period in 2024.
Monthly Unique Payers (MUPs) increased approximately 2% to 3.6 million average monthly unique paying customers, and Average Revenue per MUP (ARPMUP) increased 3% to $106 in Q3 2025.
The company revised its fiscal year 2025 revenue guidance to $5.9 billion to $6.1 billion and Adjusted EBITDA guidance to $450 million to $550 million.
The Board of Directors authorized an increase in the share repurchase program from $1.0 billion to $2.0 billion.

Nov 7, 2025, 11:35 AM

8-K

DraftKings Reports Third Quarter 2025 Results and Updates Guidance

DKNG

Earnings

Guidance Update

Share Buyback

DraftKings reported revenue of $1,144 million for the third quarter of 2025, an increase of 4% compared to the same period in 2024.
Monthly Unique Payers (MUPs) increased approximately 2% to 3.6 million average monthly unique paying customers in the third quarter of 2025, and Average Revenue per MUP (ARPMUP) increased 3% to $106.
The company revised its fiscal year 2025 revenue guidance to $5.9 billion to $6.1 billion and its Adjusted EBITDA guidance to $450 million to $550 million.
The board authorized an increase in the share repurchase program from $1.0 billion to $2.0 billion.

Nov 6, 2025, 9:15 PM

Press Release

YieldMax ETFs Announce Weekly Distributions

DKNG

Dividends

YieldMax® ETFs announced weekly distributions for their Group 2 ETFs on November 5, 2025.
For the YieldMax® DKNG Option Income Strategy ETF (DRAY), the weekly distribution per share is $0.3653, with a distribution rate of 62.84% as of November 4, 2025.
The 30-Day SEC Yield for DRAY was 4.02% as of October 31, 2025, and its Return of Capital (ROC) was 97.15%.
The Distribution Rate includes option income, while the 30-Day SEC Yield excludes it. Investors in these funds do not have rights to receive dividends or other distributions from the underlying reference assets.

Nov 5, 2025, 11:55 AM

Press Release

Gaming and Leisure Properties Reports Record Third Quarter 2025 Results

DKNG

Earnings

New Projects/Investments

Debt Issuance

Gaming and Leisure Properties, Inc. (GLPI) reported record financial results for the third quarter ended September 30, 2025, with total revenue of $397.6 million, net income of $248.5 million, and diluted FFO per share of $1.08.
The company was active in new investments and funding commitments, including funding $125.4 million for Bally's Chicago at an 8.5% cap rate in October 2025 and acquiring Sunland Park Racetrack and Casino for $183.75 million.
GLPI committed $225 million as the lead real estate financing partner for Caesars Republic Sonoma County, providing a $45 million term loan B and a $180 million delayed draw term loan.
In August 2025, GLPI issued $600 million aggregate principal amount of 5.25% senior unsecured notes due February 15, 2033, and $700 million aggregate principal amount of 5.75% senior unsecured notes due November 1, 2037.

Oct 30, 2025, 8:15 PM

Press Release

YieldMax® ETFs Announces Weekly Distributions

DKNG

Dividends

YieldMax® ETFs announced weekly distributions for a group of ETFs, with specific distribution per share and distribution rates as of October 28, 2025.
For instance, the YieldMax® DKNG Option Income Strategy ETF (DRAY) has a weekly distribution of $0.3332 and a distribution rate of 52.47%.
Distributions are not guaranteed and are variable, with future distributions potentially differing significantly from the stated rates.
All YieldMax® ETFs listed in the document have a gross expense ratio of 0.99%.
Investors should be aware of various risks, including call writing strategy risk, derivatives risk, distribution risk, and single issuer risk.

Oct 29, 2025, 10:55 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for DraftKings.

Q3 2025

Nov 7, 2025

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Q2 2025

Aug 7, 2025

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Q1 2025

May 9, 2025

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View All Transcripts

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DraftKings (DKNG)

Analyst Earnings Quarterly Reports

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Erik Bradbury

Matthew Kalish

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R. Stanton Dodge

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Ryan R. Moore

Steven J. Murray

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Ryan Sigdahl

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Ian Moore

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Patrick Keough

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William Lampen

Bernie McTurna

Chad Beynon

Dan Paletzer

Dan Politzer

Jeffrey Stantial

Joseph Greff

Michael Graham

Steven Sheeckutz

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