DraftKings Inc
0ABA.L
$30.96 -6.89%
Exchange: LSE | Sector: Consumer Cyclical | Industry: Gambling Resorts Casinos
Q1 2025
Published: May 9, 2025

Earnings Highlights

  • Revenue of $1.41B up 19.9% year-over-year
  • EPS of $-0.07 increased by 77.1% from previous year
  • Gross margin of 40.1%
  • Net income of -33.86M
  • ""Our aggressive marketing strategies have already gained traction, as seen in our Q1 revenue growth."" - DraftKings Management

DraftKings Inc (0ABA.L) Financial Results Report Q1 2025 - Strong Revenue Growth Amid Cost Pressure

Executive Summary

DraftKings Inc (0ABA.L) reported a robust revenue of $1.41 billion for Q1 2025, reflecting a year-over-year increase of 19.90% and a quarter-over-quarter rise of 1.15%. Despite the strong revenue growth, the company continues to face profitability challenges, with a net loss of $33.86 million for the quarter, although this figure demonstrates a notable improvement from prior periods. Management highlighted a strategic focus on improving operating efficiency and investing in customer acquisition amid escalating competition in the digital sports gaming market. Moreover, DraftKings is committed to enhancing its market position through innovations in its product offerings and aggressive marketing strategies, which have contributed to its growing revenue base. The combination of strong customer engagement and effective cost management strategies promises a path toward future profitability, positioning DraftKings favorably within the dynamic consumer cyclical sector.

Key Performance Indicators

Revenue

1.41B
QoQ: 1.15% | YoY:19.90%

Gross Profit

565.00M
40.11% margin
QoQ: 1.23% | YoY:21.53%

Operating Income

-46.33M
QoQ: 66.71% | YoY:66.63%

Net Income

-33.86M
QoQ: 74.89% | YoY:76.25%

EPS

-0.07
QoQ: 75.50% | YoY:77.13%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue**: $1.41 billion - YoY Growth: 19.90% - QoQ Growth: 1.15%
  • **Gross Profit**: $565 million - YoY Growth: 21.53% - QoQ Growth: 1.23%
  • **Operating Income**: -$46.33 million - YoY Improvement: 66.63% - QoQ Improvement: 66.71%
  • **Net Income**: -$33.86 million - YoY Improvement: 76.25% - QoQ Improvement: 74.89%
  • **Earnings Per Share (EPS)**: -$0.0686 - YoY Improvement: 77.13% - QoQ Improvement: 75.50%

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 1,512.51 0.30 +37.0% View
Q1 2025 1,408.81 -0.07 +19.9% View
Q4 2024 1,392.77 -0.28 +13.2% View
Q3 2024 1,095.49 -0.60 +38.7% View
Q2 2024 1,104.44 0.13 +26.2% View