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

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

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

November 2, 2023 4:15 PM EDT

Introduces Fiscal Year 2024 Revenue Guidance of $4.5 Billion to $4.8 Billion and Fiscal Year 2024 Adjusted EBITDA Guidance of $350 Million to $450 Million

BOSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today announced its third quarter 2023 financial results. The Company also posted a third quarter 2023 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.

Third Quarter 2023 Highlights
For the three months ended September 30, 2023, DraftKings reported revenue of $790 million, an increase of $288... More