DraftKings Inc (DKNG)

[John-Knee]

DraftKings Narrows Q2 Loss as Revenue Rises; Lifts Revenue Outlook for 2021
2021-08-06 07:48:55 AM ET (MT Newswires)
   
   
07:48 AM EDT, 08/06/2021 (MT Newswires) -- DraftKings (DKNG) said Friday that it narrowed its Q2 loss to $0.76 per share from a year-ago loss of $1.80 per share. Analysts polled by Capital IQ estimated a loss of $0.58 per share.

On an adjusted basis, the company reported a loss of $0.26 per diluted share, versus a Capital IQ estimate of a loss of $0.52 per share.

Revenue for the quarter rose to $297.6 million from $70.9 million a year earlier. The Street estimate was $247.2 million.

Looking ahead, the company increased its fiscal year 2021 revenue outlook to a range of $1.21 billion to $1.29 billion from a range of $1.05 billion to $1.15 billion. The Street forecast is $1.18 billion.