DraftKings (DKNG) Q2 Revenue Tops Consensus, Raises FY Guidance

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Go back to DraftKings (DKNG) Q2 Revenue Tops Consensus, Raises FY Guidance

DraftKings Reports Second Quarter Revenue of $298 Million; Increases 2021 Revenue Guidance to $1.21 Billion to $1.29 Billion

August 6, 2021 7:00 AM EDT

Drives back-end migration progress; Reveals Plans to Launch DraftKings Marketplace

BOSTON, Aug. 06, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported second quarter 2021 financial results.

Second Quarter 2021 Highlights

For the three months ended June 30, 2021, DraftKings reported revenue of $298 million, an increase of 320% compared to $71 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 297%... More