In this photo illustration the DraftKings keep seen displayed on a smartphone.
Rafael Henrique | Sopa Photos | Lightrocket | Getty Photos
DraftKings on Thursday posted quarterly results that overlooked Wall Aspect road estimates on the pinnacle and base line, however it increased its revenue by 44%.
Here’s what DraftKings reported in contrast with what Wall Aspect road used to be ready for, basically based on analyst estimates compiled by LSEG, previously identified as Refinitiv:
- Loss per half: 10 cents vs. expected profit of 8 cents
- Earnings: $1.23 billion vs. $1.24 billion expected
The sports making a bet company saw a 44% elevate in revenue yr-over-yr. DraftKings only in the near past launched its Sportsbook product in Maine and Vermont, bringing it to a total of 24 states permitting its cell sports making a bet.
For the final three months of 2023, DraftKings reported a salvage loss of $44.6 million in contrast with $242.7 million in the identical interval a yr earlier. Losses per half improved to a loss of 10 cents versus a loss of 53 cents in 2022.
DraftKings garnered 3.5 million common “month-to-month queer payers,” a 37% elevate from the identical interval in 2022. The company’s common revenue per MUP saw a 6% boost in the fourth quarter in contrast to the outdated yr.
DraftKings additionally announced after the bell Thursday that it plans to develop lottery app Jackpocket for roughly $750 million.
For 2024, the corporate is increasing its fiscal yr guidance to between $410 million and $510 million in contrast to its prior guidance of between $350 million and $450 million. That excludes the corporate’s estimated impression because of its planned acquisition of Jackpocket.
