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May 5 2023, 08:10 IST/BST
DraftKings has reported a Q1 update confirming strong growth in the US market. Revenue and EBITDA were ahead of consensus expectations and the group has upgraded its revenue and profit forecasts for FY23. The group attributes its strong performance to a range of factors including: new customer acquisition, product innovation, market share improvement and hold. We will upgrade our FY23 forecasts in line with the new guidance range.