DraftKings Raises Midpoint Of 2024 Revenue Guidance From $4.775B To $4.9B vs $4.81B Est.
Portfolio Pulse from Benzinga Newsdesk
DraftKings has increased the midpoint of its 2024 revenue guidance from $4.775 billion to $4.9 billion, surpassing the estimated $4.81 billion.

May 02, 2024 | 8:17 pm
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DraftKings has raised its 2024 revenue guidance, indicating stronger than expected future performance.
Raising revenue guidance typically signals management's confidence in the company's growth prospects and operational efficiency. This update surpasses analysts' expectations, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
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