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$DKNG (+0.73%) | DraftKings Q3 Earnings Highlights:


๐Ÿ”น Revenue: $1.095B (Est. $1.112B) ๐Ÿ”ด; UP +39% YoY

๐Ÿ”น Adjusted EPS: -$0.17 (Est. -$0.42) ๐ŸŸข

๐Ÿ”น Net Loss: -$293.7M vs. -$283.1M in Q3 2023

๐Ÿ”น Monthly Unique Payers (MUPs): 3.6M; UP +55% YoY


FY24 Outlook:

๐Ÿ”น Revenue: $4.85B-$4.95B (Prior: $5.05B-$5.25B) ๐Ÿ˜•

๐Ÿ”น Adjusted EBITDA: $240M-$280M (Prior $340M-$420M)๐Ÿ˜•


FY2025 Guidance:

๐Ÿ”น Revenue: $6.2B-$6.6B; UP +31% YoY at midpoint

๐Ÿ”น Adjusted EBITDA: $900M-$1.0B


Key Metrics:

๐Ÿ”น Average Revenue per MUP: $103; DOWN -10% YoY

๐Ÿ”น Adjusted EBITDA: -$58.5M vs. -$153.4M in Q3 2023

๐Ÿ”น Operating Loss: -$298.6M vs. -$286.6M in Q3 2023


CEO Jason Robinsโ€™ Commentary:

๐Ÿ”ธ "DraftKings delivered strong performance this quarter with the return of major sports. Weโ€™re positioned to build on this momentum as we enhance our sportsbook app with live betting features and new NBA markets."


Business Highlights:

๐Ÿ”ธ Mobile sports betting live in 25 states + Washington D.C.

๐Ÿ”ธ iGaming live in 5 states

๐Ÿ”ธ Recently expanded into Ontario, Canada

๐Ÿ”ธ Missouri sports betting legalization passed

๐Ÿ”ธ Acquired Jackpocket Inc. in May 2024

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