DKNG
DraftKings higher after lifting revenue guidance
- DraftKings (NASDAQ:DKNG) is higher in early trading after raising FY21
revenue guidance to range of $900M to $1B from a prior range of $750M to
$850M.
- The guidance reflects mobile sports betting in Michigan and Virginia
and also assumes that all professional and college sports calendars that
have been announced come to fruition, but doesn't factor in new states
down
the calendar with legalized sports betting.
- Of note from the Q4 report, average revenue per MUP was up 55% to $65
as engagement increased around iGaming and mobile sports betting. The
count
of monthly unique players for the quarter was 1.50M vs. 1.43M consensus.
- Shares of DKNG are up 1.19% premarket to $58.50 following the
earnings report and guidance lift.
|Today, 8:17 AM|3 Comments
DraftKings higher after lifting revenue guidance
- DraftKings (NASDAQ:DKNG) is higher in early trading after raising FY21
revenue guidance to range of $900M to $1B from a prior range of $750M to
$850M.
- The guidance reflects mobile sports betting in Michigan and Virginia
and also assumes that all professional and college sports calendars that
have been announced come to fruition, but doesn't factor in new states
down
the calendar with legalized sports betting.
- Of note from the Q4 report, average revenue per MUP was up 55% to $65
as engagement increased around iGaming and mobile sports betting. The
count
of monthly unique players for the quarter was 1.50M vs. 1.43M consensus.
- Shares of DKNG are up 1.19% premarket to $58.50 following the
earnings report and guidance lift.
|Today, 8:17 AM|3 Comments
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