(Adds Outlook)
For the full-year 2024, citing continued strong underlying fundamentals through the first six weeks of 2024 on top of excellent customer acquisition in the fourth-quarter, DraftKings Inc. (DKNG) has revised up its full-year 2024 revenue guidance to $4.775 billion from $4.65 billion, above the analysts' estimate of $4.69 billion. For the year 2023, the firm had generated revenue of $3.665 billion.
DraftKings also revised up its annual adjusted EBITDA guidance to $460 million from $400 million. Excluding items, for the full-year 2023, the company recorded EBITDA loss of $151.035 million.
Below are the earnings highlights for DraftKings:
Earnings: -$44.621 million in Q4 vs. -$242.697 million in the same period last year. EPS: -$0.10 in Q4 vs. -$0.53 in the same period last year. Excluding items, DraftKings Inc. reported adjusted earnings of $0.29 per share for the period.
Analysts projected $0.08 per share Revenue: $1.230 billion in Q4 vs. $855.133 million in the same period last year.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.