In this picture illustration the DraftKings logo viewed displayed on a smartphone.
Rafael Henrique | Sopa Footage | Lightrocket | Getty Footage
DraftKings on Thursday posted quarterly results that ignored Wall Street estimates on the tip and backside line, but it in actual fact increased its income by 44%.
Right here’s what DraftKings reported when put next with what Wall Street became awaiting, in accordance to analyst estimates compiled by LSEG, formerly identified as Refinitiv:
- Loss per fragment: 10 cents vs. anticipated profit of 8 cents
- Income: $1.23 billion vs. $1.24 billion anticipated
The sports actions making a wager firm saw a 44% magnify in income yr-over-yr. DraftKings no longer too long previously launched its Sportsbook product in Maine and Vermont, bringing it to an entire of 24 states allowing its cellular sports actions making a wager.
For the excellent three months of 2023, DraftKings reported a receive loss of $44.6 million when put next with $242.7 million in the same period a yr earlier. Losses per fragment improved to a loss of 10 cents versus a loss of fifty three cents in 2022.
DraftKings garnered 3.5 million moderate “monthly spirited payers,” a 37% magnify from the same period in 2022. The firm’s moderate income per MUP saw a 6% boost in the fourth quarter when put next to the previous yr.
DraftKings also presented after the bell Thursday that it plans to manufacture lottery app Jackpocket for roughly $750 million.
For 2024, the firm is growing its fiscal yr guidance to between $410 million and $510 million when put next to its prior guidance of between $350 million and $450 million. That excludes the firm’s estimated impact attributable to its deliberate acquisition of Jackpocket.
