
DraftKings reported its fourth-quarter and fiscal year 2024 results, revealing a revenue of $1.393 billion for Q4 2024, marking a 13% increase from the previous year. The company's full-year revenue for 2024 reached approximately $4.77 billion, up from $3.67 billion in FY 2023. The adjusted earnings per share (EPS) for Q4 stood at $0.14, surpassing expectations of a loss of $0.15. However, the revenue fell short of the forecasted $1.43 billion. DraftKings also provided guidance for FY 2025, raising its revenue outlook to a range of $6.3 billion to $6.6 billion, with a midpoint of $6.45 billion, which is a 35% year-over-year increase. Monthly unique players increased to 4.8 million in Q4 2024, up from 3.5 million in Q4 2023. The companyโs stock rose by 6% in after-hours trading following the earnings announcement.











DraftKings Pops On Customer Gains, Lifted Outlook โ Sans The Super Bowl https://t.co/vR5oUIHJkg
.@DraftKings posts positive 2024 EBITDA although misses' guidance https://t.co/4DlCU3K1SF https://t.co/7UlTXxOEdH
๐ค $DKNG $MGM $WYNN ๐ค @cfraresearch's Zach Warring & @NightviewCap's Dan Crowley assess the outlook for gambling stocks post-earnings with @NPetallides: