DraftKings (DKNG) Reports Q1 Revenue of $417M, Raises FY22 Revenue Guidance

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Go back to DraftKings (DKNG) Reports Q1 Revenue of $417M, Raises FY22 Revenue Guidance

DraftKings Reports First Quarter Revenue of $417 Million; First Quarter B2C Segment Revenue Increases 44% YOY and Company-Wide Adjusted EBITDA Exceeds Midpoint of Guidance by More Than 12%

May 6, 2022 7:01 AM EDT

Raises 2022 guidance for both revenue and Adjusted EBITDA based on continued strong customer behavior and optimization of cost structure

BOSTON, May 06, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported its first quarter 2022 financial results.

First Quarter 2022 Highlights

For the three months ended March 31, 2022, DraftKings reported revenue of $417 million, an increase of 34% compared to $312 million during the same period in 2021. Revenue for the Companys B2C segment grew to $404 million, an increase of 44% compared to the three months ended March 31, 2021.... More