DraftKings: Q3 Earnings Insights

DraftKings DKNG reported its Q3 earnings results on Friday, November 4, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

DraftKings beat estimated earnings by 3.85%, reporting an EPS of $-1.0 versus an estimate of $-1.04.

Revenue was up $289.12 million from the same period last year.

Last quarter the company beat on EPS by $0.33 which was followed by a 9.78% increase in the share price the next day.

Here's a look at DraftKings's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.83	-1.16	-0.79	-1.06
EPS Actual	-0.50	-1.14	-0.80	-1.35
Revenue Estimate	435.14M	414.36M	445.18M	236.60M
Revenue Actual	466.19M	417.20M	473.32M	212.82M

To track all earnings releases for DraftKings visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.