Loading...
•
Jun 30, 2022
DraftKings Q2 2022 Earnings Report
Reported a revenue increase of 57% compared to the same period in 2021, with the B2C segment growing by 68%.
Key Takeaways
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.
Second quarter revenue reached $466 million, a 57% increase year-over-year.
B2C revenue grew by 68% compared to the same period in 2021, reaching $455 million.
Monthly Unique Payers (MUPs) increased by 30% to 1.5 million.
Average Revenue per MUP (ARPMUP) increased by 30% to $103.
Forward Guidance
DraftKings is raising its fiscal year 2022 revenue guidance to a range of $2.08 billion to $2.18 billion and improving its fiscal year 2022 Adjusted EBITDA guidance to a loss of between $765 million and $835 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...