DraftKings (DKNG) hikes 2024 revenue outlook, plans to acquire Jackpot for $750M

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Go back to DraftKings (DKNG) hikes 2024 revenue outlook, plans to acquire Jackpot for $750M

DraftKings Reports Fourth Quarter Revenue of $1,231 Million; Raises 2024 Revenue Guidance Midpoint to $4.775 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $460 Million

February 15, 2024 4:25 PM EST

BOSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today announced its fourth quarter and fiscal year 2023 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.

Fourth Quarter 2023 Highlights

For the three months ended December 31, 2023, DraftKings reported revenue of $1,231 million, an increase of $376 million, or 44%, compared to $855 million during the same period in 2022. The increase in the Companys fourth quarter 2023 revenue was... More