DraftKings has reported revenue of $466m for Q2, an increase of 57% compared to $298m during the same period in 2021.
The company’s B2C segment also grew to $455m, a 68% increase year-on-year. This comes amid something the operator claims was a less favourable sports calendar in Q2 2022 compared to Q2 2021.
Owing to its growth, DraftKings says it has outperformed the midpoints of its Q2 guidance ranges. As such, the operator will increase the midpoint of its fiscal year 2022 revenue guidance by $15m, to a range of $2.08bn to $2.18bn.
Furthermore, the operator will raise the midpoint of its adjusted EBITDA by $60m. Its loss range will be lowered to between $765m and $835m, compared to a loss guide of between $810m to $910m before the announcement of its Q2 report.