DraftKings Earnings Reports

DraftKings saw strong revenue growth driven by increased customer acquisition and engagement. However, profitability was impacted by lower average revenue per user and higher promotional investments. The company remains focused on enhancing customer economics and expanding its market reach.

DraftKings reported strong third-quarter performance with a 39% increase in revenue, driven by customer engagement, efficient acquisition, expansion into new jurisdictions, higher sportsbook hold, and the acquisition of Jackpocket. They are focused on sustainable growth and profitability in 2025.

DraftKings reported strong second-quarter results with a 26% increase in revenue to $1,104 million. The company raised its full-year revenue guidance but revised its Adjusted EBITDA guidance downward. A $1.0 billion share repurchase program was also announced.

DraftKings' first quarter of 2024 showed substantial growth, with revenue increasing by 53% to $1,175 million. The company raised its fiscal year 2024 revenue guidance midpoint to $4.9 billion and its Adjusted EBITDA guidance midpoint to $500 million, reflecting strong customer acquisition and engagement.

DraftKings reported a Q4 2023 revenue of $1,231 million, a 44% increase compared to Q4 2022. The company is raising its fiscal year 2024 revenue guidance to a midpoint of $4.775 billion and Adjusted EBITDA guidance to a midpoint of $460 million.

DraftKings reported strong third quarter results with revenue of $790 million, a 57% increase compared to the same period in 2022. The company is raising its fiscal year 2023 revenue guidance to a range of $3.67 billion to $3.72 billion and improving its fiscal year 2023 Adjusted EBITDA guidance to between ($95) million and ($115) million.

DraftKings' Q2 2023 revenue grew 88% year-over-year to $875 million. The company generated positive Adjusted EBITDA, exceeding guidance, and raised its 2023 revenue and Adjusted EBITDA guidance.

DraftKings reported a strong first quarter with revenue reaching $770 million, an 84% increase year-over-year. The company is raising its 2023 revenue guidance midpoint to $3.185 billion and improving its Adjusted EBITDA guidance midpoint to ($315) million.

DraftKings' Q4 2022 revenue reached $855 million, an 81% increase year-over-year, driven by customer retention, monetization, successful product launches in new jurisdictions, and improved sportsbook hold. The company is raising its 2023 revenue guidance and improving its Adjusted EBITDA guidance.

DraftKings reported a 136% increase in revenue to $502 million for the third quarter of 2022. The company also raised its 2022 revenue guidance and improved its 2022 Adjusted EBITDA guidance. DraftKings introduced 2023 revenue and Adjusted EBITDA guidance, projecting continued growth and improved profitability.

DraftKings reported strong second-quarter results, exceeding expectations for revenue and Adjusted EBITDA. The company raised its fiscal year 2022 revenue guidance and improved its Adjusted EBITDA guidance, driven by strong customer engagement and progress in capturing operating efficiencies.

DraftKings reported a strong first quarter with revenue reaching $417 million, a 34% increase compared to the previous year. The B2C segment saw substantial growth, and the company exceeded its Adjusted EBITDA guidance. As a result, DraftKings raised its full-year revenue and Adjusted EBITDA guidance.