DraftKings Reports Third Quarter Revenue Growth of 39% to $1,095 Million; Introduces Fiscal Year 2025 Revenue Guidance of $6.2 Billion to $6.6 Billion and Reiterates Fiscal Year 2025 Adjusted EBITDA Guidance of $900 Million to $1.0 Billion
Portfolio Pulse from
DraftKings reported a 39% increase in third-quarter revenue, reaching $1,095 million. The company also provided fiscal year 2025 revenue guidance of $6.2 billion to $6.6 billion and reiterated its adjusted EBITDA guidance of $900 million to $1.0 billion.
November 07, 2024 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
DraftKings reported a strong 39% revenue growth in Q3 2024, reaching $1,095 million. The company also provided optimistic fiscal year 2025 revenue and adjusted EBITDA guidance.
The significant revenue growth and positive future guidance suggest strong business performance and potential for continued growth, likely leading to a positive short-term impact on DKNG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100