DraftKings

Barclays: Raised DraftKings (NASDAQ:DKNG) price target to $23 from $15

/ / Consumer Discretionary / ,

Barclays analyst Brandt Montour will raise its price target on DraftKings (NASDAQ:DKNG) to $23 from $15 and maintain its holding. Analysts raised their expectations after the company’s fourth-quarter results, saying DraftKings had made progress on cost-saving and product development measures. However, the company believes the stock’s valuation is fair at current levels.

Barclays: Raised DraftKings (NASDAQ:DKNG) price target to $23 from $15 Read Post »

DraftKings(NASDAQ:DKNG) reported Q4 2022 revenue of $855 million, up 81% year-over-year

/ / Consumer Discretionary /

February 16, 2023— DraftKings Inc. (Nasdaq: DKNG)  today announced its fourth quarter and fiscal year 2022 financial results.  Fourth Quarter 2022 Highlights For the three months ended December 31, 2022, DraftKings reported revenue of $855 million, an increase of 81% compared to $473 million during the same period in 2021。 Monthly Unique Payers (“MUPs”) increased to 2.6 million average monthly unique paying customers in the fourth quarter of 2022, representing an increase of 31% compared to the fourth quarter of 2021. Average Revenue per MUP (“ARPMUP”) was $109 in the fourth quarter of 2022, representing a 42% increase compared to the same period in 2021. Q4 loss narrowed to $0.53 per diluted share from $0.80 a year earlier，Analysts polled by Capital IQ expected a loss of $0.58. Revenue for the quarter ended Dec. 31 was $855.1 million, Analysts polled by Capital IQ expected $799.3 million. The company said it now expects

DraftKings(NASDAQ:DKNG) reported Q4 2022 revenue of $855 million, up 81% year-over-year Read Post »

Scroll to Top