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Draftkings Inc (NASDAQ: DKNG) shares were retreating Monday after the company reported a better-than-expected loss in the first quarter and raised its full-year guidance.
For the first quarter, DraftKings reported a 36-cent EPS loss on Friday, beating the 41-cent loss analysts expected. DraftKings also reported $312 million in revenue, ahead of the $236-million consensus analyst estimate. Revenue was up 253% from a year ago.
DraftKings reported 1.5 million monthly unique paying customers, beating Wall Street expectations of 1.3 million. Average revenue per monthly unique paying customer was $61, up 48% from a year ago.
DraftKings also raised its full-year 2021 revenue guidance from an old range of between $900 million and $1 billion to a new range of between $1.05 billion and $1.15 billion. ....

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