DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%.
For the last three months of 2023, DraftKings reported a net loss of $44.6 million compared with $242.7 million in the same period a year earlier.
Losses per share improved to a loss of 10 cents versus a loss of 53 cents in 2022.
DraftKings garnered 3.5 million average "monthly unique payers," a 37% increase from the same period in 2022.
For 2024, the company is increasing its fiscal year guidance to between $410 million and $510 million compared to its prior guidance of between $350 million and $450 million.
Persons:
DraftKings
Organizations:
LSEG
Locations:
Maine and Vermont