DraftKings (DKNG) Q3 Revenue Tops Consensus, Raises FY20 Revenue Guidance and Issues FY21
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DraftKings Reports Third Quarter Results and Raises 2020 Revenue Guidance
November 13, 2020 7:00 AM ESTBOSTON, Nov. 13, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported its financial results for the third quarter of 2020. For the three months ended September 30, 2020, DraftKings reported revenue of $133 million, an increase of 98% compared to $67 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited and Diamond Eagle Acquisition Corp., as if it had occurred on January 1, 2019, revenue grew 42% compared to the three months ended September 30, 2019.
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