DraftKings (DKNG) Q1 Revenue Tops Consensus, Updates FY Revenue Guidance

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Go back to DraftKings (DKNG) Q1 Revenue Tops Consensus, Updates FY Revenue Guidance

DraftKings Reports First Quarter 2021 Results and Raises 2021 Revenue Guidance

May 7, 2021 7:00 AM EDT

BOSTON, May 07, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported first quarter 2021 financial results.

First Quarter 2021 Highlights

For the three months ended March 31, 2021, DraftKings reported revenue of $312 million, an increase of 253% compared to $89 million during the same period in 2020. After giving pro forma effect to the business combination with SBTech (Global) Limited (SBTech) and Diamond Eagle Acquisition Corp. which was completed on April 23, 2020, as if it had occurred on January 1, 2019, revenue grew 175% compared to the three months ended March 31, 2020.

DraftKings is off to an outstanding start in... More