Draftkings reports second quarter revenue growth of 26% to $1,104 million; announces $1.0 billion inaugural share repurchase authorization

Raises 2024 revenue guidance midpoint to $5.15 billion; revises 2024 adjusted ebitda guidance midpoint from $500 million to $380 million; continues to expect 2025 adjusted ebitda in the range of $900 million to $1.0 billion raises 2024 revenue guidance midpoint to $5.15 billion; revises 2024 adjusted ebitda guidance midpoint from $500 million to $380 million; continues to expect 2025 adjusted ebitda in the range of $900 million to $1.0 billion
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