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Dec 31, 2022
DraftKings Q4 2022 Earnings Report
DraftKings reported strong Q4 2022 financial results, marked by significant revenue growth and a focus on expense management.
Key Takeaways
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.
Revenue increased by 81% year-over-year to $855 million.
Monthly Unique Payers (MUPs) rose by 31% to 2.6 million.
Average Revenue per MUP (ARPMUP) increased by 42% to $109.
The company is raising its fiscal year 2023 revenue guidance and significantly improving its fiscal year 2023 Adjusted EBITDA guidance.
Forward Guidance
DraftKings is raising its fiscal year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion and improving its fiscal year 2023 Adjusted EBITDA guidance to between ($350) million and ($450) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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