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 (DKNG) Misses on Revenue Amid Unfavorable NFL Game Outcomes, Shares Further Hit by Tightened Guidance

November 5, 2021 8:50 AM EDT

Shares of DraftKings (NASDAQ: DKNG) are down about 5% in pre-open Friday after the company reported disappointing Q3 results and guidance.

DraftKings reported Q3 EPS of ($1.35), worse than the ($0.98) expected from analysts and ($1.06) reported last year. Revenue for the quarter came in at $213 million versus the consensus estimate of $236.6 million.

DraftKings had a strong third... More