DraftKings Inc
0ABA.L
$34.15 12.45%
Exchange: LSE | Sector: Consumer Cyclical | Industry: Gambling Resorts Casinos
Q4 2024
Published: Feb 14, 2025

Earnings Highlights

  • Revenue of $1.39B up 13.2% year-over-year
  • EPS of $-0.28 decreased by 193.8% from previous year
  • Gross margin of 40.1%
  • Net income of -134.85M
  • ""This quarterÒ€ℒs performance demonstrates our ability to grow revenues while navigating a challenging economic backdrop." - CFO, DraftKings" - CFO, DraftKings
0ABA.L
DraftKings Inc

Executive Summary

DraftKings Inc reported its QQ4 2024 financial results, revealing a revenue of $1.39 billion, marking a year-over-year increase of 13.15% and a quarter-over-quarter increase of 27.14%. Despite this growth in revenue, the company continues to face significant challenges, with a net loss of $134.85 million, reflecting a 202.21% decline in profitability year-over-year. Management emphasized during the earnings call the strategic initiatives undertaken to improve operational efficiency, including a focus on cost management and customer engagement strategies as key areas going forward. With projections for continued revenue growth supported by an expanding customer base, investors should remain cautiously optimistic, given the company's ongoing financial restructuring efforts.

Key Performance Indicators

Revenue
Increasing
1.39B
QoQ: 27.14% | YoY: 13.15%
Gross Profit
Increasing
558.13M
40.07% margin
QoQ: 58.08% | YoY: 8.54%
Operating Income
Decreasing
-139.18M
QoQ: 53.39% | YoY: -675.59%
Net Income
Decreasing
-134.85M
QoQ: 54.08% | YoY: -202.21%
EPS
Decreasing
-0.28
QoQ: 53.33% | YoY: -193.81%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 1,144.02 0.00 +4.4% View
Q2 2025 1,512.51 0.30 +37.0% View
Q1 2025 1,408.81 -0.07 +19.9% View
Q4 2024 1,392.77 -0.28 +13.2% View
Q3 2024 1,095.49 -0.60 +38.7% View