Sports Betting Earnings

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DraftKings Q1 Earnings Highlights: Revenue Miss, EPS Miss, Guidance Cut After Bettors Beat The House
Benzinga· 2025-05-09 05:04
Sports betting company DraftKings Inc DKNG reported first-quarter financial results after market close Thursday.Here are the key highlights.What Happened: DraftKings reported first-quarter revenue of $1.41 billion, up 20% year-over-year. The revenue total missed a Street consensus estimate of $1.44 billion according to data from Benzinga Pro.The company reported earnings per share of 12 cents, missing a Street consensus estimate of 22 cents per share.Revenue growth came from strong customer engagement, new ...