{"id":200,"date":"2021-05-17T15:50:16","date_gmt":"2021-05-17T12:50:16","guid":{"rendered":"https:\/\/xxbet-company.com\/draftkings-extends-slide-following-q1-beat-raised-2021-revenue-guidance\/"},"modified":"2021-05-17T15:50:16","modified_gmt":"2021-05-17T12:50:16","slug":"draftkings-extends-slide-following-q1-beat-raised-2021-revenue-guidance","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/nb\/draftkings-extends-slide-following-q1-beat-raised-2021-revenue-guidance\/","title":{"rendered":"DraftKings Extends Slide Following Q1 Beat, Raised 2021 Revenue Guidance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Innholdsfortegnelse<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/nb\/draftkings-extends-slide-following-q1-beat-raised-2021-revenue-guidance\/#Sports_Betting_iGaming_in_Focus\" title=\"Sports Betting, iGaming in Focus\">Sports Betting, iGaming in Focus<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/nb\/draftkings-extends-slide-following-q1-beat-raised-2021-revenue-guidance\/#DraftKings_Still_Has_DFS_Leverage\" title=\"DraftKings Still Has DFS Leverage\">DraftKings Still Has DFS Leverage<\/a><\/li><\/ul><\/nav><\/div>\n<p>Shares of DraftKings (NASDAQ:DKNG) are trading lower early Friday after the sportsbook operator delivered better-than-expected first quarter results while raising its 2021 revenue guidance.<\/p>\n<figure aria-describedby=\"caption-attachment-172984\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-172984 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-142x107.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-142x107.jpg?x38396\" alt=\"DraftKings stock\" width=\"1200\" height=\"900\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-142x107.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-1024x768.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-768x576.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng.jpg 1396w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-172984\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-142x107.jpg?x38396\" alt=\"DraftKings stock\" width=\"1200\" height=\"900\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-142x107.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-1024x768.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng-768x576.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/dkng.jpg 1396w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">A bettor places a bet at a DraftKings sportsbook. The stock is slumping again despite impressive quarterly results. (Image: <em>Associated Press<\/em>)<\/figcaption><\/figure>\n<p>The Boston-based company said it lost 36 cents a share on revenue of $312 million in the first three months of the year. Analysts expected a loss of 45 cents on sales of $237.02 million. Monthly unique players (MUPs) surged 114 percent, while spending per MUP was $61, a 48 percent year-over-year increase. Despite those impressive numbers, DraftKings is off 1.55 percent in early trading, extending <a href=\"https:\/\/www.casino.org\/news\/draftkings-stock-has-recipe-for-upside-says-cowen-analyst\/\" rel=\"nofollow noopener\" target=\"_blank\">a slide<\/a> of 16.43 percent over the past month, one that\u2019s taken the stock down 30 percent from its March highs.<\/p>\n<p><strong>That MUP spend beat the consensus estimate of $47 and DraftKings upped its 2021 revenue forecast to $1.05 billion to $1.15 billion from prior guidance of $900 million to $1 billion. Analysts are expecting $1.05 billion.<\/strong><\/p>\n<blockquote class=\"main-blockquote\">\n<p>The increase reflects solid performance in the first quarter of 2021, continued strong user activation due to the effectiveness of our marketing spend, well-executed launches of mobile sports betting and iGaming in Michigan and mobile sports betting in Virginia, and a modest contribution from our recently completed acquisitions,\u201d said the company in a statement.<\/p>\n<\/blockquote>\n<p>DraftKings adds the 2021 revenue outlook pertains to the states in which it\u2019s currently operational, assumes no departures from those states, and that the domestic collegiate and professional sports calendars will not be dramatically altered.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sports_Betting_iGaming_in_Focus\"><\/span>Sports Betting, iGaming in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Much of the near- to medium-term thesis for DraftKings stock revolves around the expansion of <a href=\"https:\/\/www.casino.org\/news\/draftkings-stock-offers-major-upside-says-guggenheim-analyst\/\" rel=\"nofollow noopener\" target=\"_blank\">internet casinos and online sports betting<\/a>, meaning the shares are sensitive to political headwinds and tailwinds.<\/p>\n<div class=\"callout\">\n<p>DraftKings now offers online sports betting in a dozen states covering a quarter of the US population. That\u2019s after rolling out mobile sports betting and iGaming in Michigan and mobile sports betting in Virginia in the January through March period. Its online casino platform is live in four states, representing 10 percent of the population.<\/p>\n<\/div>\n<p>Already this year, <a href=\"https:\/\/www.casino.org\/news\/arizona-legislature-passes-sports-betting-clears-way-for-new-compacts\/\" rel=\"nofollow noopener\" target=\"_blank\">Arizona<\/a>, New York, and Wyoming passed mobile sports wagering legislation.<\/p>\n<p>\u201cIn 2021, 25 state legislatures have introduced legislation to legalize mobile sports betting, five state legislatures have introduced legislation to expand their existing sports wagering frameworks, and one state legislature has introduced legislation to legalize sports betting limited to retail locations,\u201d according to the company. \u201cIn addition, four states have introduced iGaming legislation and three states have introduced online poker legislation.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DraftKings_Still_Has_DFS_Leverage\"><\/span>DraftKings Still Has DFS Leverage<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With iGaming and regulated sports betting being the shiny new objects in the gaming industry and the investment world, it\u2019s not surprising that some novice investors may forget how DraftKings got its start.<\/p>\n<p><strong>That being daily fantasy sports (DFS). It\u2019s been almost a decade since DraftKings became DFS pioneers \u2014 a status it leveraged into sports betting success \u2014 and that segment is still growing.<\/strong><\/p>\n<p>For example, the operator said entry fees for this year\u2019s Super Bowl surged 66 percent, while active users for that event increased by 60 percent.<\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/draftkings-stock-extends-slide-despite-q1-beat-upped-guidance\/\" target=\"_blank\">DraftKings Extends Slide Following Q1 Beat, Raised 2021 Revenue Guidance<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Shares of DraftKings (NASDAQ:DKNG) are trading lower early Friday after the sportsbook operator delivered better-than-expected first quarter results while raising its 2021 revenue guidance. A bettor places a bet at a DraftKings sportsbook. The stock is slumping again despite impressive quarterly results. (Image: Associated Press) The Boston-based company said it lost 36 cents a share <a href=\"https:\/\/xxbet-company.com\/nb\/draftkings-extends-slide-following-q1-beat-raised-2021-revenue-guidance\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/200"}],"collection":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/comments?post=200"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media\/201"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media?parent=200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/categories?post=200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/tags?post=200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}