Copiers : 5
Copiers : 5
Followers : 56
Since Sep22 : +44,5% while SP500 : +30,6%
Dear Etorians,
$DKNG Reports Q1 Adjusted Profits, Revenue Increases; the revenue outlook for 2024 is revised upwards.
$DKNG raised its earnings guidance for fiscal 2024. For the year, the company expects revenue to range from $4.8 billion to $5.0 billion, up from $4.65 billion and $4.90 billion previously announced by the company on February 15, 2024. The company's updated revenue guidance range for 2024 equates to 31% to 36% year-over-year growth.
Shares of DraftKings were up nearly 5% after reporting revenue increased during the period. However, the price is down this evening due to profit taking by investors.