DraftKings reports $1.095bn third-quarter revenue and cuts 2024 guidance
DraftKings reported third-quarter 2024 revenue of $1.095 billion, up 39% year on year, and said monthly unique payers rose 55% to 3.6 million. The company lowered its 2024 revenue guidance to $4.85 billion-$4.95 billion and adjusted EBITDA guidance to $240 million-$280 million, citing customer-friendly sports outcomes early in the fourth quarter.
The revised forecasts give investors and operators updated expectations for DraftKings’ 2024 revenue and profitability.