DraftKings Inc. reported very strong growth in Q2, sending the stock up. Underlying indicators don't signal such strength. Growth in betting handles and active users has slowed down, while favorable sports results drove up growth. DraftKings has maintained its market share rivalry with FanDuel in sports betting, but lost share in iGaming.
Flutter Entertainment PLC (LSE:FLTR) shareholders should be watching closely when the group reports its second-quarter results tomorrow, after a blowout set of numbers from DraftKings suggested that market expectations for Flutter's US business may be too low. Analysts at Citi said the strength of DraftKings' latest earnings, particularly in online sports betting, pointed to upside potential in Flutter's own US revenue and profit margins.
The headline numbers for DraftKings (DKNG) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DraftKings (DKNG) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.12 per share a year ago.
The sports-betting company's stock jumped after a big profit beat, as users bet a lot more than they did last year — and also lost more.
DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DraftKings (DKNG) concluded the recent trading session at $44.04, signifying a -1.74% move from its prior day's close.
Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.
DKNG's lowered FY2025 guidance has been similarly observed in its direct peer, FLUT, thanks to the "adverse March Madness sports results." With it remaining to be seen how Q2'25 and H2'25 may develop, worsened by the ongoing regulatory headwinds observed in the gaming industry, there may be more near-term volatilities indeed. Even so, there is no denying DKNG's growing bottom-lines/ robust performance metrics in FQ1'25 and the enviable position as the second largest iGaming player in the US.
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In the most recent trading session, DraftKings (DKNG) closed at $43.36, indicating a -1% shift from the previous trading day.
DKNG's efficient promos, live betting surge and tech edge are driving user growth and boosting profitability.