DraftKings Q1 Adjusted EPS, Revenue Rise; 2025 Revenue Guidance Cut

MT Newswires Live05-09

DraftKings (DKNG) reported Q1 adjusted earnings Thursday of $0.12 per diluted share, up from $0.03 a year earlier.

Analysts polled by FactSet expected $0.07.

Revenue in the three months ended March 31 rose to $1.41 billion from $1.17 billion a year earlier.

Analysts surveyed by FactSet expected $1.43 billion.

The company cut its 2025 revenue guidance to the range of $6.2 billion to $6.4 billion from $6.3 billion to $6.6 billion.

Analysts polled by FactSet expect $6.35 billion.

The company's shares rose 2.2% in after-hours trading.

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