(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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