DraftKings Q4 Earnings: Revenue Growth Falls Short of Estimates
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.