DraftKings Raises Sales Forecast on Customer Growth
This article is for subscribers only.
DraftKings Inc. raised its annual target for sales and profit as the online betting giant sees continued growth in customers and betting revenue.
The Boston-based company said it now expects revenue in fiscal 2024 of $4.9 billion and adjusted earnings before interest, tax, depreciation and amortization of $500 million, up from previous projections of about $4.78 billion and $460 million, respectively.