Shares of DraftKings Inc. (DKNG) surged 5.92% in Thursday's trading session, driven by the company's upbeat revenue guidance for fiscal 2025 and strong indications of continued growth momentum.
In its fourth-quarter earnings report, DraftKings raised its revenue outlook for fiscal 2025 to a range of $6.3 billion to $6.6 billion, higher than its previous guidance of $6.2 billion to $6.6 billion. This positive revenue forecast, which exceeded analysts' expectations, contributed to the stock's rally.
Furthermore, DraftKings reported a significant 36% year-over-year increase in monthly unique players to 4.8 million for the fourth quarter. This substantial growth in its customer base highlighted the company's ability to effectively acquire and engage new users, further fueling investor enthusiasm.
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