DraftKings Investor Relations Update Reports Strong Revenue and Raises Guidance

Latest Earnings Report and Guidance

DraftKings Inc. (DKNG) reported impressive financial results for the third quarter of 2023, showcasing its continued growth in the rapidly expanding sports betting and online gaming industry.

Key Highlights:

• Revenue of $790 million, a substantial increase from the previous quarter.
• Raised 2023 revenue guidance midpoint to $3.695 billion.
• Improved 2023 Adjusted EBITDA guidance.
• Continued expectation of fiscal year 2025 Adjusted EBITDA in the range of $900 million to $1.0 billion.

Upcoming Events and Resources

Investors and interested individuals are invited to attend the following upcoming events and access resources:

• Morgan Stanley Technology Media Telecom Conference on December 4, 2023, at 9:00 AM EST.
• First quarter 2024 business update and earnings presentation available on the Investor Relations section of DraftKings' website.

The company's Investor Relations website serves as a valuable source of information for stockholders, potential investors, and the financial community. It provides detailed insights into DraftKings' business operations, financial performance, and future prospects.