DraftKings Q2 2022 Earnings Report
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.
DraftKings
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DraftKings Revenue by Segment
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.