DKNG - DraftKings to Report Q1 Earnings: What's in Store? | Benzinga
DraftKings (NASDAQ: DKNG) is set to report first-quarter 2024 results on May 2.
The Zacks Consensus Estimate for revenues is pegged at $1.13 billion, indicating an increase of 46.24% from the year-ago quarter's levels.
The Zacks Consensus Estimate is pegged at a loss of 28 cents per share, which has remained unchanged in the past 30 days.
The company's earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing the same twice, delivering an average negative surprise of 57.07%.
Let's see how things have shaped prior to this announcement.
Factors to Consider
DraftKings' first-quarter results are expected to have benefited from the increasing global appetite for online gambling and sports betting.
The leading digital sports entertainment and gaming company's strategic efforts to expand its Sportsbook product into new jurisdictions and enhanced promotional investments for Sportsbook and iGaming are likely to have paid off, driving substantial customer acquisition, engagement and retention in first-quarter 2024. DraftKings' Monthly Unique Payers (MUPs) increased to 3.5 million in fourth-quarter 2023, representing a rise of 37% year over year and reflecting strong traction ...