DraftKings (DKNG) Tops Q3 Revenues; Guides Higher

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Go back to DraftKings (DKNG) Tops Q3 Revenues; Guides Higher

DraftKings Reports YoY Third Quarter Revenue Increase of 136% to $502 million; Raises 2022 Revenue Guidance and Improves 2022 Adjusted EBITDA Guidance; Introduces 2023 Revenue and Adjusted EBITDA Guid

November 4, 2022 7:00 AM EDT

BOSTON, Nov. 04, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported its third quarter 2022 financial results.

Third Quarter 2022 Highlights

For the three months ended September 30, 2022, DraftKings reported revenue of $502 million, an increase of 136% compared to $213 million during the same period in 2021. Revenue for the Companys B2C segment grew to $493 million, an increase of 161% compared to the three months ended September 30, 2021, primarily due to robust customer acquisition and retention, the successful launches of its Sportsbook and iGaming products in additional jurisdictions... More