DraftKings (NASDAQ:DKNG) Beats Expectations in Strong Q1, Full-Year Sales Guidance Is Optimistic [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
The company's full-year revenue guidance of $4.9 billion at the midpoint also came in 1.7% above analysts' estimates. It made a non-GAAP profit of $0.03 per share, improving from its loss of $0.51 per share in the same quarter last year. Is now the time to buy DraftKings? Find out in our full research report DraftKings (DKNG) Q1 CY2024 Highlights: Revenue: $1.17 billion vs analyst estimates of $1.12 billion (4.6% beat) EPS (non-GAAP): $0.03 vs analyst estimates of -$0.11 ($0.14 beat) The company lifted its revenue guidance for the full year from $4.78 billion to $4.9 billion at the midpoint, a 2.6% increase Gross Margin (GAAP): 39.6%, up from 32.2% in the same quarter last year Free Cash Flow was -$73.42 million, down from $71.05 million in the previous quarter Market Capitalization: $19.89 billion “DraftKings' performance in the first quarter of 2024 was outstanding, reflecting healthy revenue growth and a scaled fixed cost structure that positions us to drive rapid
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DKNG
Earnings
- 5/2/24 - Beat
DKNG
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- DKNG's page on the SEC website