DraftKings Releases 10-Q Report

By Philip Seaworth • Friday, November 07 10:32 • Permanent Link

DraftKings Inc. has recently released its 10-Q report, providing an insight into its financial performance and operations. The company operates as a digital sports entertainment and gaming company, offering online sports betting, daily fantasy sports, media, digital lottery courier, and other products, as well as retail sportsbooks and iGaming products such as blackjack, roulette, baccarat, and slot machines. The company is headquartered in Boston, Massachusetts.

In its 10-Q report, DraftKings provided a detailed analysis of its financial condition and results of operations. The report outlined the company's mission to create the world's favorite real-money games and betting experiences while focusing on responsible gaming and regulatory compliance. DraftKings highlighted its substantial investments in product offerings, technology, marketing, and user experience to drive growth and retain a paid user base.

The financial highlights from the 10-Q report revealed that for the three months ended September 30, 2025, DraftKings reported revenue of $1,144,019, representing a 4.4% increase from the same period in 2024. However, the company reported a net loss of $256,788 for the same period. Adjusted EBITDA, a non-GAAP financial measure, was reported at a loss of $126,488 for the three months ended September 30, 2025.

Key performance indicators highlighted in the report included Monthly Unique Payers (MUPs) and Average Revenue per MUP (ARPMUP). MUPs increased by 1.5% in the three months ended September 30, 2025, compared to the same period in 2024. ARPMUP also saw an increase of 3.0% for the same period.

Furthermore, the report provided insights into the company's Sportsbook Handle, Sportsbook Net Revenue Margin, and revenue disaggregation. Sportsbook Handle increased by 10.0% to $11.4 billion in the three months ended September 30, 2025, compared to the same period in 2024. iGaming revenue also saw a significant increase of 24.9% to $451.3 million for the three months ended September 30, 2025, compared to the same period in 2024.

Following these announcements, the company's shares moved 0.21%, and are now trading at a price of $27.98. For more information, read the company's full 10-Q submission here.

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