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Sep 30, 2024
DraftKings Q3 2024 Earnings Report
DraftKings reported a 39% increase in revenue to $1,095 million.
Key Takeaways
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.
Revenue increased by 39% compared to the same period in 2023.
Growth was driven by customer engagement, acquisition, sportsbook expansion, higher hold percentage, and the acquisition of Jackpocket.
The company is focused on driving sustainable revenue growth and profitability in 2025.
Inaugural fiscal year 2025 revenue guidance equates to 31% year-over-year growth.
DraftKings
DraftKings
Forward Guidance
DraftKings introduced fiscal year 2025 revenue guidance of $6.2 billion to $6.6 billion and reiterated fiscal year 2025 Adjusted EBITDA guidance of $900 million to $1.0 billion