DraftKings Raises 2024 Revenue Guidance Range From $4.8B-$5B To $5.05B-$5.25B vs $4.98B Est.
Portfolio Pulse from Benzinga Newsdesk
DraftKings has raised its 2024 revenue guidance range from $4.8B-$5B to $5.05B-$5.25B, surpassing the $4.98B estimate.
August 01, 2024 | 8:17 pm
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DraftKings has increased its 2024 revenue guidance to $5.05B-$5.25B, exceeding the previous estimate of $4.98B. This positive revision suggests strong future performance.
The upward revision in revenue guidance indicates that DraftKings is expecting stronger financial performance in 2024 than previously anticipated. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100