Fantasy sports and betting company DraftKings (NASDAQ:DKNG) announced better-than-expected results in Q1 CY2024, with revenue up 52.7% year on year to $1.17 billion. The company's full-year revenue guidance of $4.9 billion at the midpoint also came in 1.7% above analysts' estimates. It made a non-GAAP profit of $0.03 per share, improving from its loss of $0.51 per share in the same quarter last year.
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2024 financial results. The Company also posted a first quarter
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Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of analysts' expectations in Q4 FY2023, with revenue up 43.9% year on year to $1.23 billion. On the other hand, the company's full-year revenue guidance of $4.78 billion at the midpoint came in 2.3% above analysts' estimates. It made a non-GAAP profit of $0.29 per share, improving from its loss of $0.17 per share in the same quarter last year.