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DraftKings Stock Soars 14% After Strong Q4 Earnings

2/15/2025

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Summary

Story summary

DraftKings (NASDAQ: DKNG) reported Q4 2024 earnings with adjusted EPS of 14 cents and revenue of $1.39 billion, a 13.2% increase year-over-year.
The company raised its 2025 revenue forecast to $6.3-$6.6 billion, fueled by a 36% rise in monthly unique players to 4.8 million.
Following the earnings report, stock surged nearly 14%, indicating strong investor confidence despite NFL betting challenges.
DraftKings achieved its first full-year adjusted profit of $181.3 million, recovering from a $151 million loss in 2023.

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Story summary

DraftKings (NASDAQ: DKNG) reported Q4 2024 earnings with adjusted EPS of 14 cents and revenue of $1.39 billion, a 13.2% increase year-over-year.
The company raised its 2025 revenue forecast to $6.3-$6.6 billion, fueled by a 36% rise in monthly unique players to 4.8 million.
Following the earnings report, stock surged nearly 14%, indicating strong investor confidence despite NFL betting challenges.
DraftKings achieved its first full-year adjusted profit of $181.3 million, recovering from a $151 million loss in 2023.