DraftKings Q2 Earnings Highlights: Revenue Beat, EPS Beat, EBITDA Profitability, Guidance Lift And More
Portfolio Pulse from Chris Katje
DraftKings Inc (NASDAQ:DKNG) reported Q2 revenue of $874.93 million, up 88% YoY, beating the Street consensus estimate of $759.55 million. Adjusted EPS was 14 cents, beating the estimate of a loss of 25 cents per share. The company ended the quarter with 2.1 million monthly unique paying customers, up 44% YoY. DraftKings also reported positive adjusted EBITDA of $73 million. The company raised its full fiscal year revenue guidance to a range of $3.46 billion to $3.54 billion, up from a prior range of $3.135 billion to $3.235 billion.
August 04, 2023 | 2:37 pm
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DraftKings reported strong Q2 results, beating revenue and EPS estimates, and raised its full year revenue guidance. This could lead to a positive impact on its stock price.
DraftKings reported strong Q2 results, beating both revenue and EPS estimates, and raised its full year revenue guidance. This positive financial performance could increase investor confidence and lead to a rise in the company's stock price.
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