DraftKings Raises 2024 Revenue Guidance Midpoint To $4.775B vs $4.69B Est., Raises 2024 Adjusted EBITDA Guidance Midpoint To $460M
Portfolio Pulse from Benzinga Newsdesk
DraftKings has increased its 2024 revenue guidance midpoint to $4.775 billion from an estimated $4.69 billion and raised its 2024 adjusted EBITDA guidance midpoint to $460 million.
February 15, 2024 | 9:28 pm
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DraftKings has revised its 2024 revenue and adjusted EBITDA guidance upwards, indicating stronger than expected future performance.
Raising revenue and EBITDA guidance typically signals management's confidence in the company's growth trajectory and operational efficiency. This positive outlook is likely to be well-received by investors, potentially leading to a short-term increase in stock price as market sentiment around DraftKings improves.
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