DraftKings Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

DraftKings Inc Q2 2023 Earnings Call Summary

DraftKings Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
DraftKings Inc Q2 2023 Earnings Call Summary
Published Aug 04, 2023
22 pages (11690 words) — Published Aug 04, 2023
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of DKNG.OQ earnings conference call or presentation 4-Aug-23 12:30pm GMT

  
Brief Excerpt:

...A. Revenue and adjusted EBITDA exceeded expectations in the second quarter. B. And importantly, we generated significant positive adjusted EBITDA. C. Second quarter revenue increased 88% year-over-year to $875 million. D. Our revenue growth trajectory has been very strong due to our continued focus on enhancing our products and improving our customer experience, which is driving excellent retention and rapidly improving monetization. E. As a result of our strong revenue growth and ongoing efforts to capture efficiencies, we delivered $73 million of positive adjusted EBITDA in the second quarter. F. We are increasing our full year revenue guidance to a range of $3.46 billion to $3.54 billion, implying growth of 56% year-over-year at the mid-point. G. Our fiscal year 2023 revenue guidance includes our expectation of nearly $1.2 billion of revenue in the fourth quarter of 2023. H. We are also improving our full year adjusted EBITDA guidance to a range of negative $190 million and negative...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
DraftKings Inc
Ticker
DKNG.OQ
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Robert S. Fishman - MoffettNathanson LLC - Analyst : Two questions on partnership. First, ahead of the NFL kickoff, can you help us understand how the Amazon Thursday Night Football partnership helped your business last year and whether there are more opportunities to build upon that success this year? And then anything you can share on how the ESPN partnership has been a driver of your strong (inaudible) growth or overall business? And would you be willing to expand your ESPN partnership depending on which direction Disney ends up going with its strategic review?

Table Of Contents

DraftKings Inc At Global Gaming Conference Summary – 2023-10-11 – US$ 54.00 – Edited Brief of DKNG.OQ corporate analyst meeting</ 11-Oct-23 4:00pm GMT

DraftKings Inc At Global Gaming Conference Transcript – 2023-10-11 – US$ 54.00 – Edited Transcript of DKNG.OQ corporate analyst meeting</ 11-Oct-23 4:00pm GMT

DraftKings Inc at Bank of America Gaming & Lodging Conference Transcript – 2023-09-07 – US$ 54.00 – Edited Transcript of DKNG.OQ presentation 7-Sep-23 7:20pm GMT

DraftKings Inc at Canaccord Genuity Growth Conference Transcript – 2023-08-09 – US$ 54.00 – Edited Transcript of DKNG.OQ presentation 9-Aug-23 5:30pm GMT

DraftKings Inc Q2 2023 Earnings Call Transcript – 2023-08-04 – US$ 54.00 – Edited Transcript of DKNG.OQ earnings conference call or presentation 4-Aug-23 12:30pm GMT

DraftKings Inc at Needham Technology and Media Conference Transcript – 2023-05-17 – US$ 54.00 – Edited Transcript of DKNG.OQ presentation 17-May-23 1:30pm GMT

DraftKings Inc at MoffettNathanson Technology, Media, and Telecom Conference Transcript – 2023-05-16 – US$ 54.00 – Edited Transcript of DKNG.OQ presentation 16-May-23 6:00pm GMT

DraftKings Inc Q1 2023 Earnings Call Transcript – 2023-05-05 – US$ 54.00 – Edited Transcript of DKNG.OQ earnings conference call or presentation 5-May-23 12:30pm GMT

DraftKings Inc at JPMorgan Gaming, Lodging, Restaurant and Leisure Management Access Forum Transcript – 2023-03-14 – US$ 54.00 – Edited Transcript of DKNG.OQ presentation 14-Mar-23 5:20pm GMT

DraftKings Inc at Morgan Stanley Technology, Media & Telecom Conference Transcript – 2023-03-08 – US$ 54.00 – Edited Transcript of DKNG.OQ presentation 8-Mar-23 5:50pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "DraftKings Inc Q2 2023 Earnings Call Summary" Aug 04, 2023. Alacra Store. May 18, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-DraftKings-Inc-Earnings-Call-B15660881>
  
APA:
Thomson StreetEvents. (2023). DraftKings Inc Q2 2023 Earnings Call Summary Aug 04, 2023. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-DraftKings-Inc-Earnings-Call-B15660881>
  
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