DraftKings hit by NFL results
DraftKings Q3s The top line Revenue of $213m, up 60% YoY but net losses climbed 37.7% to minus $545m while adj. EBITDA losses rose 59% to $313.6m. Net losses for the nine month stood at $1.2bn. B2C revenue came in at $189.1m and B2B at $23.7m (down 20% YoY). Guidance for FY21 was narrowed to […]
G2E review
Wish you were here: Travel restrictions meant most of the international representatives were unable to travel to G2E. Analysts at Truist noted that the number of mask-mandated attendees appeared to be around 50% of normal but those that were there were clearly “enthusiastic”. The dominant headlines from the week were generated by Bill Hornbuckle’s less-than-surprising […]
Genius ups guidance, but quiet on NFL costs
Genius Sports Q1 The top line Q1 revenues increased 52% YoY to $53.7m, net operating loss of $5.3m was $2.2m less than in 2020. The group raised its revenue guidance 35% from $190m to $250m-$260m. On a constant currency basis, revenue increased 40% YoY to $15.6m. Genius’s betting technology and content division increased revenue 42% […]