DraftKings (DKNG) Reports Q2 Loss of $0.55/sh, Offers FY20 Guidance

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Go back to DraftKings (DKNG) Reports Q2 Loss of $0.55/sh, Offers FY20 Guidance

DraftKings Reports Strong Q2 Revenue Despite Limited Sports Calendar

August 14, 2020 7:01 AM EDT

Q2 2020 GAAP Revenue of $71M; Pro Forma Revenue of $75M

BOSTON, Aug. 14, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported financial results for the second quarter of 2020. For the three months ended June 30, 2020, DraftKings reported GAAP revenue of $71 million compared to $57 million during the same period in 2019. On a pro forma basis, including the effect of the Companys business combination with SBTech (Global) Limited and Diamond Eagle Acquisition Corp. as if it had been completed on January 1, 2019, revenue would have been $75 million in the second quarter... More