DraftKings revenue up 88% in Q2 2023

DraftKings generated $875 million in revenue in the second quarter of 2023. This is stated in the report of the American gambling operator, published recently.

Revenue growth compared to the same period last year amounted to 87.8%.

According to the company, revenue growth was driven by success in attracting new customers, product innovations and increased advertising intensity.

Adjusted EBITDA, equal to earnings before interest, taxes, depreciation and amortization, was $73 million for the second quarter.

The number of unique players per month reached 2.1 million, up 44% from a year earlier.