DraftKings stock rallies as revenue remains strong in Q4 2022

Strategic Pivot: Robins emphasized the importance of returning value to shareholders, suggesting that DraftKings may start to focus more on operational efficiency, cost control, and finding profitable revenue streams that go beyond just increasing revenue at all costs. 4. Impressive EBITDA Performance EBITDA for 2022: The company reported $722m in adjusted EBITDA for the year, […]

Strategic Pivot: Robins emphasized the importance of returning value to shareholders, suggesting that DraftKings may start to focus more on operational efficiencycost control, and finding profitable revenue streams that go beyond just increasing revenue at all costs.

4. Impressive EBITDA Performance

  • EBITDA for 2022: The company reported $722m in adjusted EBITDA for the year, showing that it has managed to grow while keeping its operational margins in check.

5. Expansion in the U.S.

6. 2023 Forecast and Guidance

  • Revenue Forecast for 2023: The company is projecting $2.95bn in revenue for fiscal 2023, a strong growth trajectory from the 2022 figures. This is an optimistic forecast that reflects the expected continued growth in sports betting as more states legalize the activity.

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