The second quarter of 2023 showed some impressive results for , as the company reported $875 million in revenue, an 88% increase compared to the second quarter of 2022, and achieved a positive adjusted EBITDA of $72.9 million.

DraftKings CEO Jason Robins presented the Q2 results this morning and predicted the sportsbook operator would achieve positive adjusted EBITDA again in the fourth quarter of 2023 and for fiscal year 2024.

Revenue and adjusted EBITDA exceeded expectations in the second quarter, Robins said during the earnings call.

Improved Revenue Outlook for 2023

In the fourth quarter of 2023, DraftKings expects to generate $150 million to $175 million of adjusted EBITDA and nearly $1.2 billion in revenue, Robins said. The company s revenue and EBITDA gu…

The NFL Conference Championships are set and we re in for a pair of knockdown, drag- em-out slobberknockers: the Baltimore Ravens host the Kansas City Chiefs in the AFC Championship, before the Detroit Lions pay visit to the San Francisco 49ers in the NFC Championship.

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