DraftKings Inc Q3 2021 Earnings Call Summary - Thomson StreetEvents

DraftKings Inc Q3 2021 Earnings Call Summary

DraftKings Inc Q3 2021 Earnings Call Summary - Thomson StreetEvents
DraftKings Inc Q3 2021 Earnings Call Summary
Published Nov 05, 2021
24 pages (12900 words) — Published Nov 05, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of DKNG.OQ earnings conference call or presentation 5-Nov-21 12:30pm GMT

  
Brief Excerpt:

...A. Highlights: Revenue grew 60% YoverY. 1. Met guidance due to continued excellent customer acquisition and engagement. a. b. Lower-than-expected sports betting hold primarily due to NFL game outcomes impacted revenue and EBITDA. c. Strong customer acquisition performance and new state launches, particularly Arizona, drove additional promotional investment, which impacted revenue and EBITDA. d. In addition to mobile sports betting launches in Arizona and Wyoming, launched mobile sports betting in iGaming in Connecticut in Oct. 2. Looking forward, pipeline of new states in Canadian provinces continues to be healthy. Louisiana, Maryland, New York and Ontario have all authorized mobile sports betting. a. b. Ontario has authorized iGaming. c. Expects these jurisdictions to launch in coming months. 3. Migration to in-house bet engine and proprietary sports betting technology is complete. Thrilled with early performance in new ability to rapidly add innovative features and functionality to top-ranked...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Draftkings Inc
Ticker
DKNG.OQ
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "DraftKings Inc Q3 2021 Earnings Call Summary" Nov 05, 2021. Alacra Store. May 19, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2021-DraftKings-Inc-Earnings-Call-B15008513>
  
APA:
Thomson StreetEvents. (2021). DraftKings Inc Q3 2021 Earnings Call Summary Nov 05, 2021. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2021-DraftKings-Inc-Earnings-Call-B15008513>
  
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