DraftKings (DKNG) Tops Q1 EPS by 32c, provides guidance

DraftKings (NASDAQ: DKNG) reported Q1 EPS of $0.03, $0.32 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

DraftKings sees FY 2024 revenue of $4.8 - $5.00 billion, versus the consensus of $4.819 billion. The Company’s updated 2024 revenue guidance range equates to year-over-year growth of 31% to 36%.
DraftKings is also increasing its fiscal year 2024 Adjusted EBITDA guidance. The Company now expects fiscal year 2024 Adjusted EBITDA of between $460 million and $540 million compared to its prior fiscal year 2024 Adjusted EBITDA guidance of between $410 million and $510 million, which the Company previously announced on February 15, 2024.

For earnings history and earnings-related data on DraftKings (DKNG) click here.

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