DraftKings Q1 Earnings Highlights: Revenue Miss, EPS Miss, Guidance Cut After Bettors Beat The House
1. DraftKings Q1 revenue reached $1.41 billion, missing estimates. 2. Monthly Unique Players rose 28% to 4.3 million, driven by acquisitions. 3. Company lowered full-year revenue and adjusted EBITDA guidance significantly. 4. Expected launch in Missouri could boost future revenue significantly. 5. Stock price increased 3.9% in after-hours trading despite guidance cuts.