Replies to post #8085 on DraftKings Inc (DKNG)

[Talc Moan]

If you look back they set the bar pretty low here now on their last earnings - they did not even provide guidance and almost kind of put everyone into a panic.

What. Yes they gave guidance lol. They raised their Year End by 30 Million.

If they don’t hit. Your gonna see single digits. Word on the Street in Vegas is they are burning cash like no tomorrow.

[Talc Moan]

We executed very well in the second quarter and outperformed the midpoints of the Q2 guidance ranges for revenue and Adjusted EBITDA that we provided on our first quarter earnings call,” added Jason Park, DraftKings’ Chief Financial Officer. “Our B2C segment drove revenue growth due to stronger than anticipated customer activity, while we continued to make progress on identifying and capturing operating efficiencies. As a result, looking forward, we are increasing the midpoint of our fiscal year 2022 revenue guidance by $15 million and improving the midpoint of our fiscal year 2022 Adjusted EBITDA guidance by $60 million.”