DraftKings Inc Q4 2021 Earnings Call Summary - Thomson StreetEvents

DraftKings Inc Q4 2021 Earnings Call Summary

DraftKings Inc Q4 2021 Earnings Call Summary - Thomson StreetEvents
DraftKings Inc Q4 2021 Earnings Call Summary
Published Feb 18, 2022
19 pages (10670 words) — Published Feb 18, 2022
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of DKNG.OQ earnings conference call or presentation 18-Feb-22 1:30pm GMT

  
Brief Excerpt:

...A. Highlights: Outperformed expectations for revenue and adjusted EBITDA in 4Q21, capping off year in which five of states were contribution profit positive. 1. 2. Off to tremendous start in 2022. 3. Customer acquisition in new states has been accelerating, while continuing to pay back on gross profit basis in two to three year timeframe. As of 02/18/22, 10 states are either already contribution profit positive or on track to achieve that milestone in 2022. a. b. Overall, expects DKNG to be contribution profit positive for FY22. c. If Co. had frozen new state launches at 2021-end, it expects would have been able to achieve EBITDA profitability as enterprise in 4Q22. 4. Continues to see rapid expansion of the OSB and iGaming TAM in US. This has been driven by both new jurisdictions legalizing OSB and iGaming and continued healthy growth in existing state. a. b. Overall, in 2021, seven states enacted legislation for mobile sports betting, and launched in five states last year, with other...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Draftkings Inc
Ticker
DKNG.OQ
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "DraftKings Inc Q4 2021 Earnings Call Summary" Feb 18, 2022. Alacra Store. May 19, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-DraftKings-Inc-Earnings-Call-B15098853>
  
APA:
Thomson StreetEvents. (2022). DraftKings Inc Q4 2021 Earnings Call Summary Feb 18, 2022. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-DraftKings-Inc-Earnings-Call-B15098853>
  
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