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These Analysts Lower Their Forecasts On DraftKings After Q2 Results
DraftKings Inc. (NASDAQ:DKNG) reported mixed second-quarter financial results, after the closing bell on Thursday.
DraftKings reported second-quarter revenue of $1.10 billion, up 26% year-over-year. The revenue total missed a Street consensus estimate of $1.11 billion, according to data from Benzinga Pro. DraftKings reported earnings per share of 22 cents in the quarter, beating a Street consensus estimate of a loss of 1 cent per share.
The average revenue per MUP was $117 in the second quarter, down 15% year-over-year. A lower average revenue per MUP for Jackpocket was named by DraftKings as the reason for the decline.
The company raised its full-year 2024 revenue guidance to a range of $5.5 billion to $5.25 billion, ...