DraftKings Inc. reported a 20% increase in revenue for the first quarter of 2025, reaching $1.41 billion, up from $1.175 billion in the same period of 2024. This growth was driven by strong customer engagement, new customer acquisition, and the acquisition of Jackpocket, though it was tempered by customer-friendly sports outcomes during the period, notably a 'blizzard of chalk' during the NCAA Tournament. The company's adjusted earnings per share (EPS) for Q1 was $0.12, falling short of the estimated $0.22. Despite the revenue growth, DraftKings adjusted its full-year 2025 revenue guidance downwards to a range of $6.2 billion to $6.4 billion, reflecting the impact of March Madness outcomes that favored bettors. Adjusted EBITDA for the quarter was $103 million, which was 16% below consensus expectations. Monthly Unique Payers (MUPs) increased by 28% year-over-year to 4.3 million, showcasing robust customer growth. However, the average revenue per MUP decreased by 5% to $108, influenced by the spending patterns of Jackpocket customers. DraftKings highlighted that core value drivers are outperforming expectations, with product enhancements driving a higher structural sportsbook hold percentage and more efficient deployment of promotions, leading to an expected 32% revenue growth year-over-year in fiscal 2025. DraftKings' stock experienced a positive reaction despite missing earnings estimates, with shares rising as much as 6% in extended trading. Analysts remain optimistic, projecting a potential 56% upside in stock value.