DraftKings Reports Third Quarter Revenue of $790 Million; Raises 2023 Revenue Guidance Midpoint to $3.695 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($105) Million

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Go back to DraftKings Reports Third Quarter Revenue of $790 Million; Raises 2023 Revenue Guidance Midpoint to $3.695 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($105) Million

DraftKings (DKNG) Tops Q3 EPS by 8c; Raises FY23, FY24 Guidance

November 2, 2023 4:18 PM EDT

DraftKings (NASDAQ: DKNG) reported Q3 EPS of ($0.61), $0.08 better than the analyst estimate of ($0.69). Revenue for the quarter came in at $790 million versus the consensus estimate of $699.14 million.

GUIDANCE:

DraftKings sees FY2023 revenue of $3.67-3.72 billion, versus the consensus of $3.53... More