DraftKings Inc. - Ordinary Shares - Class A

NASDAQ:DKNG   10:33:55 AM EDT
18.44
-1.14 (-5.82%)
Positive Earnings Pre-Announcement

Draftkings Reports Second Quarter 2022 Results

Published: 08/05/2022 12:12 GMT
DraftKings Inc. - Ordinary Shares - Class A (DKNG) - 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 Midpoint of Guidance by Almost 40%.
Increasing Midpoint of Our Fiscal Year 2022 Revenue Guidance by $15 Million.
Improving Midpoint of Our Fiscal Year 2022 Adjusted EBITDA Guidance by $60 Million.
Draftkings - Average Revenue per Mup Was $103 in Q2 of 2022, Representing a 30% Increase Compared to Same Period in 2021.
Raising Its Fiscal Year 2022 Revenue Guidance to a Range of $2.08 Billion to $2.18 Billion.
Improving Its Fiscal Year 2022 Adjusted EBITDA Guidance to a Loss of Between $765 Million and $835 Million.
Q2 Revenue View $436.2 Million -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $432.18 Million
Adjusted EPS is expected to be -$0.98

Next Quarter Revenue Guidance is expected to be $815.53 Million
Next Quarter EPS Guidance is expected to be -$0.45

More details on our Analysts Page.