DraftKings Forecasts 2027 Adjusted EBITDA Between $800 Million and $1 Billion
DraftKings (DKNG) reported a pivotal third quarter, highlighted by significant growth in its predictions offering. The company revealed that over 1.6 million customers have engaged with the predictions product year-to-date, contributing to a broader trend of increasing user activity. Management provided optimistic long-term guidance, forecasting adjusted EBITDA to reach between $800 million and $1 billion by 2027. This growth is supported by a 13% year-over-year increase in monthly unique payers and rising sports consumer volume.
Tickers: $DKNG
Topics: customer growth earnings user engagement