DraftKings (NASDAQ:DKNG) reported its Q1 earnings results on Friday, May 6, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
DraftKings beat estimated earnings by 1.72%, reporting an EPS of $-1.14 versus an estimate of $-1.16.
Revenue was up $104.93 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 21.62% drop in the share price the next day.
Here's a look at DraftKings's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.79 | -1.06 | -0.52 | -0.41 |
| EPS Actual | -0.80 | -1.35 | -0.76 | -0.87 |
| Revenue Estimate | 445.18M | 236.60M | 242.41M | 230.68M |
| Revenue Actual | 473.32M | 212.82M | 297.61M | 312.28M |
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.
