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On August 1, 2024, we guided fiscal-year 2024 revenues of $5.05 billion to $5.25 billion and adjusted EBITDA of $340 million to $420 million. Our third quarter financial performance was consistent ...
Moving on to our fiscal year 2024 guidance. We now expect revenue in the range of $5.050 billion to $5.250 billion from a range of $4.800 billion to $5 billion. The updated range equates to year ...
DraftKings stock soared Friday morning after the sportsbook operator outlined a narrower-than-anticipated loss in 2023 and a path to profitability by 2024 during its fourth-quarter earnings call.
Please refer to the end of this document for a reconciliation of Adjusted Earnings Per Share to its most directly comparable U.S. GAAP financial measure, diluted earnings per share. Second Quarter 2024 Highlights For the three months ended June 30, 2024, DraftKings reported revenue of $1,104 million, an increase of $230 million, or 26% ...
DraftKings Inc. is an American gambling company based in Boston, Massachusetts. It offers sportsbook and daily fantasy sports (DFS) services. The company was originally launched in 2012 as a DFS provider, competing principally with the New York-based FanDuel .
DraftKings stock hit a fresh 52-week high on Monday as investors grew more bullish on the mobile sports wagering company that saw shares decline nearly 60% in 2022.For DraftKings, 2023 has brought ...
DraftKings Inc. (NASDAQ:DKNG) shares are rising, likely in sympathy with Flutter Entertainment (NYSE:FLUT), which saw a boost after issuing positive guidance for 2027. As both companies operate in ...
On a valuation basis, however, DraftKings stock is not cheap. Book value stands at about $4.50, with the company sitting on $2.4 billion in cash and debt amounting to $1.3 billion. With the stock ...