From Nasdaq:

DraftKings Inc (DKNG) reported fourth-quarter revenue of $1.23 billion, up 44% year-over-year, but missed a Street consensus estimate of $1.24 billion. Earnings per share were 29 cents, beating the Street estimate of 8 cents. The company ended the fourth quarter with 3.5 million average monthly unique paying customers, up 37% year-over-year.

DraftKings is now live in 24 states and has iGaming live in 5 states, representing around 46% of the U.S. population. The company has also acquired lottery app company Jackpocket for around $750 million, aiming to expand in the U.S. digital lottery industry.

The company expects to launch online sports betting in North Carolina on March 11, 2024, plans to raise its 2024 full year revenue guidance to a range of $4.65 billion to $4.90 billion, representing year-over-year revenue growth of 27% to 34%.

DraftKings shares are down 1% to $44.05 in after-hours trading Thursday versus a 52-week trading range of $15.69 to $44.95. The stock hit a new 52-week high earlier Thursday.



Read more: DraftKings Q4 Earnings Highlights: Revenue Miss, EPS Beat, Jackpocket Digital Lottery Acquisition, Guidance Increase And More