===DraftKings (DKNG) reported earnings on Fri 4 Nov 22 (b/o)

 

 DraftKings reports Q3 net loss above consensus; guides FY22 revs above consensus; guides FY23 revs in-line 

• Company reported a fiscal Q3 net loss of ($450.5) mln or ($1.00) per share versus prior year net loss of ($545.0) mln. Q3 Capital IQ consensus ($1.06). Q3 adjusted EBITDA was ($264.2) mln versus prior year ($313.6) mln.
• "We are increasing the midpoint of our fiscal year 2022 revenue guidance by $45 million and improving the midpoint of our fiscal year 2022 Adjusted EBITDA guidance by $10 million, which is a meaningful improvement given our prior fiscal year 2022 Adjusted EBITDA guidance did not include our launch in Kansas on September 1, 2022, or fourth quarter investments ahead of our expected launches in Maryland and Ohio, pending licensure and regulatory approvals. We are also introducing 2023 guidance for revenue and Adjusted EBITDA which reflects our continued balance between driving attractive revenue growth and meaningfully improving our Adjusted EBITDA." 
• Co issues upside guidance for FY22, sees FY22 revs of $2.16-2.19 bln vs. $2.14 bln S&P Capital IQ Consensus. The Company now expects a fiscal year 2022 Adjusted EBITDA loss of between $800 million and $780 million compared to its prior fiscal year 2022 Adjusted EBITDA guidance of a loss of between $835 million and $765 million. 
• Co issues in-line guidance for FY23, sees FY23 revs of $2.8-3.0 bln vs. $2.81 bln S&P Capital IQ Consensus. DraftKings is also introducing fiscal year 2023 Adjusted EBITDA guidance of a loss of between $575 million and $475 million.

Earnings this week : Oct 31 - Nov 4, 22 (wk 44)

Monday (Oct 31)

• Morning:  CNA GPN HWM NSP JELD ON PEG SAIA XPO
• Afternoon: ACHC ADUS AFL AWK AMKR ANET CAR AXNX NTB BCC CHE CINF CIVI CNO PLOW FLS GT HLIT HTLF HLF HOLX IMAX KMT KFRC LSCC LEG VAC NXPI OGS OTTR PSMT RMBS RRX RHP SBAC SON SYK TREX VRNS VNO WMB

Tuesday (Nov 1)

• Morning: ABMD AJRD AGCO AME ARCB ARNC AVA TECH BCOR BPMC BP CTLT CNP CIGI CVLT DEA ETN ECL ECVT LLY NPO EPD ETRN ESPR FOXA BEN IT HLNE HSC HAYW HSIC IDXX INCY ICPT IPGP KKR LCII LEA LDOS LGIH LPX MPC TAP MPLX MYGN NBIX NEM PFE PSX PBI PINC PACK RGEN SAFE STNG SEE SPG SIRI SOFI SUN SYY TRI BLD TRTN UBER WAB WAT WEC XYL ZBRA
• Afternoon:  AEIS AMD ABNB AYX AIG ANDE APAM AMK AIZ ATCO ATRC BTG BAND BLKB BFAM BRX CZR CWH CDLX CAKE CHGG CHK CRUS CLX CRK CNDT CACC DENN DVN EIX EA ET EXEL EXR FMC FCPT FRPT FRSH HRB THG PEAK HURN INSP INST IRTC JRVR KAI KAR LFUS LTHM MGY MTCH MCK MRCY MSTR MIR MDLZ NMIH OI OKE OSPN PAYC PUMP PRO PRU PSA RNR REZI SPNE SCI SIMO TSLX SKY SNCY SMCI UNVR UNM VRSK VRAY VOYA WU YUMC ZETA ZI

Wednesday (Nov 2)

• Morning:  ACIW ALKS ATI APO ASTE AVNS AVDX AVNT BDC EAT BR BIP CHRW GOOS CDW FUN CVE CRL CLH CVS DIN DFIN DT EDIT EMR ENOV ENTG ETR EL EXPI RACE FDP FYBR GNRC THRM HZNP HUM INGN JLL LIVN LL MLM MTRN MLCO NNN NYT DNOW ODP OMCL PARA PSN RDWR RITM ROK SABR SMG SBGI SITE SHC SHOO TEL TT TRMB TUP UTHR VSH VMC XHR YUM ZBH
• Afternoon:  TXG ACAD ALB ALGT ALL ATUS AFG AMPL ANSS APA ACA ACLS BKH BKNG BCOV CRC CPE CDAY CF CTSH CFLT CLR CXW CCRN CW ELF ESTE EBAY ECPG EPR EQIX EQH ETSY ES EVTC EVGO EVOP EVH FARO FSLY FSR FLT FTNT GFL GKOS HTGC HST TWNK HUBS HBM HPP ICLR NARI INFN IR NGVT IIPR FROG KMPR KW LHCG LSI LNC LUMN MBI  MRO MRVI MATX MET MTG MGM MKSI MC NRDS  NSA NVRO NE NUS NTR OHI ONL ORA PLMR PK PYCR PDCE PDM PAA POWI PCOR PTRA PTC QRVO QCOM QLYS QDEL RDN RPD RYN O RGNX RCII RVLV RLJ HOOD ROKU RPT RSI SRPT SIGI SITM STAA SRI RGR SUM SLF SU RUN TNDM SKT RIG TTMI TPC UDMY RARE VCYT VMEO VSTO HCC WCN WTS WERN WES WSC WK WWE YELL ZG

Thursday (Nov 3)

• Morning: FLWS GOLF ADT WMS AER AGIO APD ALIT AIMC ABC APG APTV ARW AAWW ATHM BALL BALY GOLD BHC BCE BKI BRKR CSII CARS LNG CQP CIM IMOS CI CCOI COMM COP CROX CMI CYBR DDOG DCPH DLX DEN DSEY DNB ESMT EPAM EXC FSS FIS FOCS FTDR ROCK GIL GOGO GTN GPRE HLMN HII H IDA INGR NSIT IBP NTLA ICE IDCC ITCI IRM IRWD ITRI ITT ISEE JCI K KTB KYMR LANC LNTH TREE LXP MAC MTSI MAR MDU MFA MGPI MRNA MODV MUR NKLA NVMI OGE OGN PCRX PZZA BTU MD PTON PENN DOC PNW PTLO PBH PWR REGN QSR RCL SPNS SRE SHAK SWI SPR SRCL STOR STRA TNK TPX TX TEVA THRY USPH UNIT VIRT VNT W WCC WLK WOW ZTS
• Afternoon:  ADPT ATGE AES AL ATSG ALKT MDRX AOSL ALTR AEE AMH COLD AMGN AMN APPN TEAM AVB BIGC BILL BL SQ BE MNRL CABO CMBM CDNA CVNA CE CHUY NET CDXS CGNX COIN COLL CODI ED CRSR CTVA CTRA CYRX CWK CUTR CYTK DH DRH BOOM DASH DOUG DEI DBX DXC LOCO NVST EOG EXAS EXPE FATE FRT FND FOXF FRG FNKO GDDY GPRO GDYN GH HRT HMN ICFI ILMN PODD IOVA KTOS LPI LGF.A LYV MTZ MAXR MAX MED MELI MTD MCHP MNTV MNST MSI MP NFG NKTR LASR NDLS LPRO OTEX OPEN OEC OUT PCTY PYPL PBA PEN PECO PLYA PRAA PGNY LUNG KWR QNST RMAX REG RGA RKT SGMO SDGR SEM SWKS SM SPT SPXC SBUX STEM STEP SYNA TMST TPIC TRUP TWLO OLED UPLD VTR VIAV VIR SPCE WBD WPM WW YELP

Friday (Nov 4)  

• Morning:  ACMR ADNT AMCX AXL AMRX ABR BEP CAH CBOE CNK DBRG D DKNG DUK ENB ESNT EVRG FLR FUBO GTES EAF HSY HUN IMGN TILE KOP LAMR MGA MBUU MOG.A PNM PPL PRLB QRTEA SYNH TU WPC