DraftKings has raised its full year revenue guidance for 2022 after reporting better than expected revenue of $501.9m during the third quarter of 2022.
Revenue in Q3 soared by 136 per cent compared to a year ago, as B2C revenue grew 161 per cent to $492.8m, offsetting a 62 per cent decline in B2B gaming software revenue to $9.1m.
The year-on-year growth was attributed to robust customer acquisition and retention, the successful launches of DraftKings’ sportsbook and [...]
