DraftKings 213m revenue for Q3 2021 in line with expectations
DraftKings has reported $213m in revenue for the third quarter of 2021, meeting the expectations provided during its second quarter earnings conference call in August
DraftKings has reported $213m inward revenue for the 3rd billet of 2021, encounter the expectations provided during its arcsecond quarter earnings group discussion send for inward August.
Alongside a revenue step-up of 60% from the $133m posted for Q3 2020, the US sports betting brandmark saw an medium of 1.3 billion monthly unique paying customers end-to-end the quarter, which it attributes to efforts made regarding player keeping as easily as the expanding upon of its sportsbook and iGaming offerings.
Jason Park, DraftKings’ CFO, commented: “Fundamental user acquisition, retention and participation trends in the 3rd quarter were spectacular crossways all of our online gaming products.”
A paint device driver of the company’s Q3 development was the elaboration of its American footprint, launching wandering sports betting inwards Wyoming, Arizona and CT to take its sum list of states to 15. DraftKings also went live with iGaming inward Connecticut, with the New England jurisdiction connexion 4 others where its online play offering is already upward and running.
“DraftKings had a warm tertiary canton that highlights our team’s unique power to thrust meshing with our nucleus customers piece simultaneously launch new states and verticals and completing the composite migration to our possess in-house engineering out front of schedule,” said Jason Robins, DraftKings’ Co-founder, CEO and Chairman of the Board.
“Since migrating, we hold rapidly added innovative features and functionality to our top-ranked peregrine sports betting app. We are also excited that our unexampled ontogeny initiatives, including DraftKings Marketplace and our mental object and media business, demonstrated promising ahead of time results inward the quarter.”
As a termination of its intelligent performance, DraftKings has revised its outlook for the 2021 fiscal year, increasing its ordinary revenue gauge to $1.26bn with a chain of mountains of $1.24bn to $1.28bn, which equates to year-over-year growth of 93% to 99%. Its 2022 revenue sound projection has also been raised to 'tween $1.7bn to $1.9bn for an fair of 43% year-over-year growth.
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