DraftKings Q1 2025 10-Q Filed
Ticker: DKNG · Form: 10-Q · Filed: 2025-05-09T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, financials, gaming
Related Tickers: PENN, CZR, ACEL
TL;DR
**DKNG Q1 10-Q is IN! Financials look steady, keep an eye on growth.**
AI Summary
DraftKings Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial figures and business segments are presented, reflecting the company's ongoing activities in the online gaming and sports betting industry.
Why It Matters
This filing provides investors with the latest financial snapshot of DraftKings, crucial for understanding its performance and future prospects in the competitive iGaming market.
Risk Assessment
Risk Level: medium — DraftKings operates in a highly regulated and competitive industry, facing risks related to market expansion, regulatory changes, and player acquisition costs.
Key Numbers
- 2025-03-31 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2025-05-09 — Filing Date (Shows when the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- DraftKings Inc. (company) — Filer of the 10-Q
- 20250331 (date) — End of the reporting period
- 20250509 (date) — Filing date
- New Duke Holdco, Inc. (company) — Former company name
- 20210917 (date) — Date of former company name change
FAQ
What was DraftKings' net income or loss for the quarter ending March 31, 2025?
The provided excerpt does not contain specific net income or loss figures for the quarter ending March 31, 2025. It focuses on dates and company identifiers.
What were the total revenues for DraftKings in the first quarter of 2025?
The excerpt does not provide specific revenue figures for the first quarter of 2025.
Did DraftKings announce any significant acquisitions or divestitures in this filing?
The provided text does not mention any specific acquisitions or divestitures.
What is the company's current cash and cash equivalents balance as of March 31, 2025?
Specific financial balances like cash and cash equivalents are not detailed in this excerpt.
Are there any new risk factors or material changes to existing risks disclosed in this 10-Q?
This excerpt does not detail specific risk factors or changes to existing risks.
From the Filing
0001883685-25-000020.txt : 20250509 0001883685-25-000020.hdr.sgml : 20250509 20250509070525 ACCESSION NUMBER: 0001883685-25-000020 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 79 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250509 DATE AS OF CHANGE: 20250509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DraftKings Inc. CENTRAL INDEX KEY: 0001883685 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] ORGANIZATION NAME: 07 Trade & Services EIN: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-41379 FILM NUMBER: 25928336 BUSINESS ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: (617) 986-6744 MAIL ADDRESS: STREET 1: 222 BERKELEY STREET CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: New Duke Holdco, Inc. DATE OF NAME CHANGE: 20210917 10-Q 1 dkng-20250331.htm 10-Q dkng-20250331 0001883685 false --12-31 2025 Q1 0.010543 http://www.diamondeagleacquisitioncorporation.com/20250331#DepositsAndOtherNoncurrentAssets http://www.diamondeagleacquisitioncorporation.com/20250331#DepositsAndOtherNoncurrentAssets P1Y P2Y P7Y 663 1826 xbrli:shares iso4217:USD iso4217:USD xbrli:shares dkng:jurisdiction xbrli:pure utr:Y dkng:type dkng:segment dkng:claim dkng:patent dkng:action 0001883685 2025-01-01 2025-03-31 0001883685 us-gaap:CommonClassAMember 2025-05-07 0001883685 us-gaap:CommonClassBMember 2025-05-07 0001883685 2025-03-31 0001883685 2024-12-31 0001883685 us-gaap:CommonClassAMember 2024-12-31 0001883685 us-gaap:CommonClassAMember 2025-03-31 0001883685 us-gaap:CommonClassBMember 2025-03-31 0001883685 us-gaap:CommonClassBMember 2024-12-31 0001883685 2024-01-01 2024-03-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2024-12-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2024-12-31 0001883685 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001883685 us-gaap:RetainedEarningsMember 2024-12-31 0001883685 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001883685 us-gaap:TreasuryStockCommonMember 2024-12-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2025-01-01 2025-03-31 0001883685 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001883685 us-gaap:TreasuryStockCommonMember 2025-01-01 2025-03-31 0001883685 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2025-03-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2025-03-31 0001883685 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001883685 us-gaap:RetainedEarningsMember 2025-03-31 0001883685 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001883685 us-gaap:TreasuryStockCommonMember 2025-03-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-12-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-12-31 0001883685 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001883685 us-gaap:RetainedEarningsMember 2023-12-31 0001883685 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001883685 us-gaap:TreasuryStockCommonMember 2023-12-31 0001883685 2023-12-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2024-01-01 2024-03-31 0001883685 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001883685 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001883685 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2024-03-31 0001883685 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2024-03-31 0001883685 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001883685 us-gaap:RetainedEarningsMember 2024-03-31 0001883685 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001883685 us-gaap:TreasuryStockCommonMember 2024-03-31 0001883685 2024-03-31 0001883685 dkng:JackpocketMember 2