DraftKings (DKNG) Company Report

GBank Financial Holdings Inc. reported record net income of $7.4 million or $0.51 per diluted share for the fourth quarter ended December 31, 2025, and $20.9 million or $1.44 per diluted share for the full year 2025. Adjusted diluted earnings per share were $0.52 for Q4 2025 and $1.66 for FY 2025.
The company achieved record net revenue of $20.7 million in Q4 2025, representing a 2.7% increase compared to the third quarter of 2025.
Total assets increased 4.5% to $1.4 billion as of December 31, 2025, from $1.3 billion as of September 30, 2025, and total deposits reached $1.1 billion as of December 31, 2025.
SBA lending originations in Q4 2025 were $126.4 million, impacted by a government shutdown from October 1, 2025, through November 12, 2025, though full-year SBA originations reached a record $576.0 million. Non-performing assets, excluding government guaranteed portions, were $12.5 million or 0.92% of total assets as of December 31, 2025.

6 days ago

Press Release

DraftKings Shares Fall Amid Revenue Concerns and Prediction Market Competition

DKNG

Demand Weakening

Guidance Update

DraftKings shares tumbled about 8%, closing near $32.62, after New York State Gaming Commission data revealed gross gaming revenue during NFL Wild Card weekend fell roughly 40% year-over-year to $37.3 million, raising concerns about softer near-term wagering demand.
The market shift is partly attributed to bettors increasingly using alternative prediction-market platforms, with Piper Sandler highlighting $720 million in NFL-related bets on Kalshi during the season.
A late-week Schedule 13G filing showed JPMorgan Chase & Co held 26.6 million DraftKings shares, representing approximately 5.1% of the class.
Zacks' near-term estimates anticipate DraftKings reporting about $0.45 in EPS and roughly $1.95 billion in revenue for the upcoming quarter, with full-year consensus estimates at $0.85 EPS and $6.02 billion in revenue.
DraftKings maintains a consensus "Strong Buy" among 30 Wall Street analysts, with an average price target of $44.61, implying roughly 34% upside from the trading level at the time of reporting.

Jan 16, 2026, 5:39 PM

Bloomberg

DraftKings Launches Predictions App, Entering CFTC-Regulated Prediction Markets

DKNG

Product Launch

New Projects/Investments

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.

Dec 19, 2025, 1:00 PM

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

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

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

Jason Robins

Alan Ellingson

Erik Bradbury

Matthew Kalish

Paul Liberman

R. Stanton Dodge

Board Members

Gregory W. Wendt

Harry Evans Sloan

Jocelyn Moore

Marni M. Walden

Ryan R. Moore

Steven J. Murray

Valerie Mosley

Woodrow Levin

Analyst Coverage

Brandt Montour

David Katz

Jed Kelly

Robin Farley

Stephen Grambling

Robert Fishman

Benjamin Miller

Joseph Stauff

Shaun Kelley

Benjamin Chaiken

Bernard McTernan

Daniel Politzer

Jordan Bender

Barry Jonas

Ben Chaiken

Clark Lampen

Ryan Sigdahl

Brian Pitz

Carlo Santarelli

Clark Lampin

Ian Moore

Jason Tilchen

Joe Stauff

Patrick Keough

Sean Kelly

William Lampen

Bernie McTurna

Chad Beynon

Dan Paletzer

Dan Politzer

Jeffrey Stantial

Joseph Greff

Michael Graham

Steven Sheeckutz

Latest news

Earnings Transcripts

Q3 2025

Q2 2025

Q1 2025

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