DraftKings (DKNG) Reports Q2 Net Loss of $217.1M
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DraftKings Reports Second Quarter Revenue of $466 million; Second Quarter B2C Revenue Increases 68% YOY; Revenue Exceeds Midpoint of Guidance by More Than $30 million and Adjusted EBITDA Outperforms M
August 5, 2022 7:01 AM EDTRaises 2022 revenue guidance and improves 2022 Adjusted EBITDA guidance
BOSTON, Aug. 05, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported its second quarter 2022 financial results.
Second Quarter 2022 Highlights
For the three months ended June 30, 2022, DraftKings reported revenue of $466 million, an increase of 57% compared to $298 million during the same period in 2021. Revenue for the Companys B2C segment grew to $455 million, an increase of 68% compared to the three months ended June 30, 2021, notwithstanding a less favorable sports calendar in the second... More
