DraftKings’ revenue and customers hit new heights fourth quarter, 2021 guidance raised

DraftKings’ revenue and customers hit new heights fourth quarter, 2021 guidance raised

DraftKingson Friday reported fourth-quarter results, with revenue of $322 million, an increase of 146% compared to $131 million during the same period in 2019, and a loss of 24 cents per share on an adjusted basis.

Comparisons with the same period in 2019 are inexact because the company formed and went public last April. On a pro forma basis, the revenue figure rose 98%, the company said. Wall Street analysts had expected a loss of 47 cents a share.

Continue reading DraftKings’ revenue and customers hit new heights fourth quarter, 2021 guidance raised at Sports Betting Operator.