DraftKings Lowers Outlook After March Madness Dents Sales

Dow Jones

2025/05/09

By Katherine Hamilton

DraftKings lowered its outlook for the year as customer-friendly outcomes during the March Madness basketball tournament weighed down revenue.

The sports-betting operator on Thursday posted a loss of $33.9 million, or 7 cents a share, compared with a loss of $142.6 million, or 30 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were 12 cents, ahead of the 7 cents forecast of analysts, according to FactSet.

Revenue rose 20% to $1.41 billion. Analysts surveyed by FactSet forecast revenue of $1.43 billion.

DraftKings said customer-friendly sport outcomes weighed on revenue. During March Madness, many of the teams that dominated the tournament were favored to win, meaning many customers won bets.

"If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance," Chief Executive Jason Robins said.

DraftKings instead lowered its full-year outlook. It is now expecting revenue between $6.2 billion and $6.4 billion, down from previous guidance of $6.3 billion to $6.6 billion.

Flutter Entertainment, which owns rival FanDuel, on Thursday missed estimates for sales and profit. The company raised its outlook for the year based on improving foreign-exchange rates and expected benefits from mergers and acquisitions.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 08, 2025 16:48 ET (20:48 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2534816256"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2534816256\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2534816256?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-09 04:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2534816256","market":"fut","top_or_hot":-1,"title":"DraftKings Lowers Outlook After March Madness Dents Sales","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  DraftKings lowered its outlook for the year as customer-friendly outcomes during the March Madness basketball tournament weighed down revenue. \n</p>\n<p>\n  The sports-betting operator on Thursday posted a loss of $33.9 million, or 7 cents a share, compared with a loss of $142.6 million, or 30 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted per-share earnings were 12 cents, ahead of the 7 cents forecast of analysts, according to FactSet. \n</p>\n<p>\n  Revenue rose 20% to $1.41 billion. Analysts surveyed by FactSet forecast revenue of $1.43 billion. \n</p>\n<p>\n  DraftKings said customer-friendly sport outcomes weighed on revenue. During March Madness, many of the teams that dominated the tournament were favored to win, meaning many customers won bets. \n</p>\n<p>\n  \"If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance,\" Chief Executive Jason Robins said. \n</p>\n<p>\n  DraftKings instead lowered its full-year outlook. It is now expecting revenue between $6.2 billion and $6.4 billion, down from previous guidance of $6.3 billion to $6.6 billion. \n</p>\n<p>\n  Flutter Entertainment, which owns rival FanDuel, on Thursday missed estimates for sales and profit. The company raised its outlook for the year based on improving foreign-exchange rates and expected benefits from mergers and acquisitions. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 16:48 ET (20:48 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Lowers Outlook After March Madness Dents Sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Lowers Outlook After March Madness Dents Sales\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-09 04:48</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  DraftKings lowered its outlook for the year as customer-friendly outcomes during the March Madness basketball tournament weighed down revenue. \n</p>\n<p>\n  The sports-betting operator on Thursday posted a loss of $33.9 million, or 7 cents a share, compared with a loss of $142.6 million, or 30 cents a share, a year earlier. \n</p>\n<p>\n  Stripping out certain one-time items, adjusted per-share earnings were 12 cents, ahead of the 7 cents forecast of analysts, according to FactSet. \n</p>\n<p>\n  Revenue rose 20% to $1.41 billion. Analysts surveyed by FactSet forecast revenue of $1.43 billion. \n</p>\n<p>\n  DraftKings said customer-friendly sport outcomes weighed on revenue. During March Madness, many of the teams that dominated the tournament were favored to win, meaning many customers won bets. \n</p>\n<p>\n  \"If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance,\" Chief Executive Jason Robins said. \n</p>\n<p>\n  DraftKings instead lowered its full-year outlook. It is now expecting revenue between $6.2 billion and $6.4 billion, down from previous guidance of $6.3 billion to $6.6 billion. \n</p>\n<p>\n  Flutter Entertainment, which owns rival FanDuel, on Thursday missed estimates for sales and profit. The company raised its outlook for the year based on improving foreign-exchange rates and expected benefits from mergers and acquisitions. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 08, 2025 16:48 ET (20:48 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DKNG","symbol_name":"DraftKings Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534816256","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534816256","pubTimestamp":1746737280,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"DraftKings lowered its outlook for the year as customer-friendly outcomes during the March Madness basketball tournament weighed down revenue.The sports-betting operator on Thursday posted a loss of $33.9 million, or 7 cents a share, compared with a loss of $142.6 million, or 30 cents a share, a year earlier.Stripping out certain one-time items, adjusted per-share earnings were 12 cents, ahead of the 7 cents forecast of analysts, according to FactSet.DraftKings said customer-friendly sport outcomes weighed on revenue. During March Madness, many of the teams that dominated the tournament were favored to win, meaning many customers won bets.\"If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance,\" Chief Executive Jason Robins said.DraftKings instead lowered its full-year outlook. It is now expecting revenue between $6.2 billion and $6.4 billion, down from previous guidance of $6.3 billion to $6.6 billion.Flutter","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DKNG":"DraftKings Inc."},"translate_title":"三月份的疯狂行为削弱了销售后，DraftKings下调了前景","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":0.9},"content_text":"By Katherine Hamilton \n\n\n  DraftKings lowered its outlook for the year as customer-friendly outcomes during the March Madness basketball tournament weighed down revenue. \n\n\n  The sports-betting operator on Thursday posted a loss of $33.9 million, or 7 cents a share, compared with a loss of $142.6 million, or 30 cents a share, a year earlier. \n\n\n  Stripping out certain one-time items, adjusted per-share earnings were 12 cents, ahead of the 7 cents forecast of analysts, according to FactSet. \n\n\n  Revenue rose 20% to $1.41 billion. Analysts surveyed by FactSet forecast revenue of $1.43 billion. \n\n\n  DraftKings said customer-friendly sport outcomes weighed on revenue. During March Madness, many of the teams that dominated the tournament were favored to win, meaning many customers won bets. \n\n\n  \"If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and Adjusted EBITDA guidance,\" Chief Executive Jason Robins said. \n\n\n  DraftKings instead lowered its full-year outlook. It is now expecting revenue between $6.2 billion and $6.4 billion, down from previous guidance of $6.3 billion to $6.6 billion. \n\n\n  Flutter Entertainment, which owns rival FanDuel, on Thursday missed estimates for sales and profit. The company raised its outlook for the year based on improving foreign-exchange rates and expected benefits from mergers and acquisitions. \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 16:48 ET (20:48 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}