DraftKings Records $1.33 Billion in Q3 Revenue and Expands Investment in Prediction Business
DKNG DraftKings Inc
$18.51 -21.30%
View chart & analysis → - 1DraftKings Inc. achieved $1.33 billion in revenue for the third quarter, representing a 16% year-over-year growth in total DraftKings revenue.
- 2DraftKings recorded a 13% year-over-year increase in monthly unique depositors in the third quarter, but adjusted EBITDA was negative $317 million due to investments in the prediction business.
- 3Management adjusted the fiscal year 2026 revenue guidance from $6.35 billion to $6.55 billion.
So what's the key point?
DraftKings revenue increased to $1.33 billion. While profits are negative due to high spending on the prediction business, the company raised its future revenue forecasts.
Source The Motley Fool +1 · View original ↗
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