DraftKings Q4 Earnings: Revenue Growth Falls Short of Estimates
TL;DR Summary
DraftKings (NASDAQ:DKNG) reported Q4 FY2023 revenue of $1.23 billion, falling slightly below analyst estimates, but its full-year revenue guidance of $4.78 billion exceeded expectations. The company made a non-GAAP profit of $0.29 per share, an improvement from the previous year. Despite missing Wall Street's revenue and operating margin projections, DraftKings saw continued momentum in user base expansion, with 3.5 million monthly unique payers. The stock is down 3.4% after the report, trading at $42.97 per share.
- DraftKings (NASDAQ:DKNG) Reports Sales Below Analyst Estimates In Q4 Earnings Yahoo Finance
- DraftKings (DKNG) To Report Earnings Tomorrow: Here Is What To Expect Yahoo Finance
- DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates CNBC
- DraftKings stock goes south after sports-betting company swings to surprise loss MarketWatch
- DraftKings Choppy On Mixed Q4 Results, $750 Mil Lottery Takeover Investor's Business Daily
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