DraftKings Raises 2025 Revenue Guidance
DraftKings has increased its revenue forecast for 2025 and reaffirmed its EBITDA guidance, signaling stable profitability expectations.
Upgraded Revenue Expectations for 2025
The company now expects full-year revenue to range between $6.3 billion and $6.6 billion. This is a $100 million increase in the lower range compared to the previous forecast of $6.2 billion to $6.6 billion announced in November.
DraftKings has maintained its EBITDA forecast at $900 million to $1 billion for 2025. Notably, these estimates do not factor in early-year sports outcomes or the potential addition of Missouri as a new betting market.
This suggests that further upside could emerge if market expansion and favorable betting margins continue.
Impact of Jackpocket Acquisition on Key Metrics
Despite the positive revenue outlook, DraftKings reported a 16% decline in its Average Revenue per Monthly Unique Payer (ARPMUP), which dropped to $97. This decrease stems from the recent acquisition of Jackpocket, a lottery-focused platform. Since lottery customers tend to spend less than sports betting and iGaming users, the blended average revenue per player declined.
However, the company remains confident in long-term growth, emphasizing an expanding customer base, higher engagement levels, and improved promotional efficiency.
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