DKNG - DraftKings Q1 Earnings Highlights: Sportsbook Posts Revenue Beat EPS Beat Raises Revenue EBITDA Guidance | Benzinga
Sportsbook and internet gaming company DraftKings Inc (NASDAQ:DKNG) reported first-quarter financial results after the market close Thursday.
Here are the key highlights.
What Happened: DraftKings reported first-quarter revenue of $1.18 billion, up 53% year-over-year. The revenue total beat a Street consensus estimate of $1.12 billion, according to data from Benzinga Pro.
The company reported first-quarter adjusted earnings per share of 3 cents, which beat a Street consensus estimate of a loss of 28 cents per share.
DraftKings' revenue increase was driven by customer engagement, customer acquisition and new territory launches, according to the company.
Monthly unique payers (MUP) totaled 3.4 million in the first quarter, up 23% year-over-year. The average revenue per MUP was $114 in the first quarter, up 25% year-over-year.
"DraftKings ...