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It's said the house always wins in gambling. But as sports betting and iGaming statistics and algorithms continually improve, the favorite often wins, too.
CNBC's Contessa Brewer joins DraftKings CEO and co-founder, Jason Robins, to discuss the company's most recent earnings, longterm outlooks for gambling, and more.
DraftKings Inc. (NASDAQ:DKNG ) Q1 2025 Earnings Conference Call May 9, 2025 8:30 AM ET Company Participants Jason Robins - Chief Executive Officer Alan Ellingson - Chief Financial Officer Michael DeLalio - Senior Director, Investor Relations Conference Call Participants David Katz - Jefferies Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Robin Farley - UBS Ben Miller - Goldman Sachs Brandt Montour - Barclays Jordan Bender - Citizens Joe Stauff - Susquehanna Robert Fishman - MoffettNathanson Jed Kelly - Oppenheimer Clark Lampen - BTIG Steven Sheeckutz - Citi Barry Jonas - Truist Securities Ben Chaiken - Mizuho Operator Welcome to the Draft Kings first quarter 2025 earnings call. At this time, all participants are in a listen-only mode.
DraftKings (DKNG) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to loss of $0.30 per share a year ago.
Markets rose today on hopeful sentiment regarding trade deals with U.S. partners after an agreement with the UK.
Sports-betting platform DraftKings Inc. reported a narrower-than-expected loss for the first quarter, but said that “customer-friendly sport outcomes in March” — that is, people winning bets — kept it from raising its full-year sales outlook.
DraftKings Q1 Earnings Highlights: Revenue Miss, EPS Miss, Guidance Cut After Bettors Beat The House
Sports betting company DraftKings Inc DKNG reported first-quarter financial results after market close Thursday.
BOSTON, May 08, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2025 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.
Earnings season is in full swing with hundreds of stocks scheduled to report results after the closing bell.
The ongoing earnings season has been relatively muted as investors believe the results were transitory because the business happened ahead of Trump's tariffs. As such, most stocks have not had the significant volatility that normally accompanies earnings releases.