UPDATE: DraftKings (DKNG) Q3 Revenue Misses Consensus, Offers FY21 and FY22 Guidance

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Go back to UPDATE: DraftKings (DKNG) Q3 Revenue Misses Consensus, Offers FY21 and FY22 Guidance

DraftKings Meets Guidance with Third Quarter Revenue Growth of 60%; Exceeds 2.1 Million MUPs in September; Increases Midpoint of 2021 Revenue Guidance to $1.26 Billion; Introduces 2022 Revenue Guidanc

November 5, 2021 7:00 AM EDT

BOSTON, Nov. 05, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported third quarter 2021 financial results.

Third Quarter 2021 Highlights

For the three months ended September 30, 2021, DraftKings reported revenue of $213 million, an increase of 60% compared to $133 million during the same period in 2020. Third quarter 2021 revenue was in-line with the guidance the Company previously provided during its second quarter earnings conference call on August 6, 2021.

DraftKings had a strong third quarter that highlights our teams unique ability to drive engagement with our core customers while simultaneously... More