Shares of DraftKings (NASDAQ:DKNG) rose 2.9% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share decreased 38.18% year over year to ($0.76), which missed the estimate of ($0.52).
Revenue of $297,605,000 rose by 319.57% year over year, which beat the estimate of $242,410,000.
Guidance
The upcoming fiscal year’s revenue expected to be between $1,210,000,000 and $1,290,000,000.
Details Of The Call
Date: Aug 06, 2021
Time: 08:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/rcr75rys
Price Action
Company’s 52-week high was at $74.38
Company’s 52-week low was at $30.51
Price action over last quarter: Up 14.56%
Company Profile
DraftKings Inc is a digital sports entertainment and gaming company. The company provides users with daily fantasy sports (DFS), sports betting, and iGaming opportunities and is also involved in the design & development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. It operates in two segments: Business-to-consumer(B2C) and Business-to-Business(B2B), of which the vast majority of its revenue comes from the B2C segment. Geographically, it derives most of its revenue from the United States.
See also: How to Buy DraftKings, Inc. (DKNG) Stock
