![]() This indicates year-on-year growth of between 63% and 79%. The company has raised its financial outlook for FY21 and expects revenues to land between $1.05 billion and $1.15 billion versus earlier forecasts of between $900 million and $1 billion. We are raising our revenue outlook for 2021 due to the outperformance of our core business in the first quarter and our expectation for continued healthy growth.” However, the company’s losses widened to $346.3 million in Q1 versus a loss of $68.7 million in the same quarter last year.ĭraftKings’ Chief Financial Officer, Jason Park said, “Our $312 million in first quarter revenue, 114% increase in MUPs and 48% growth in ARPMUP reflect solid customer acquisition and retention as well as successful launches of mobile sports betting and iGaming in new states. ![]() Revenue was up 175% year-on-year after giving pro-forma effect to the company’s acquisition of Diamond Eagle Acquisition Corp and SBTech Global Ltd that was completed on April 23 last year. Last week, DKNG reported first-quarter revenues of $312 million, a jump of 253% year-on-year. ![]() DraftKings is an online sports gaming and entertainment company that provides its users with a sports betting Sportsbook, daily fantasy sports, and online casino gaming opportunities.
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