04:46 PM EDT, 08/01/2024 (MT Newswires) -- DraftKings ( DKNG ) reported Q2 adjusted earnings Thursday of $0.22 per share, up from $0.14 a year earlier.

Analysts polled by Capital IQ expected $0.19.

Revenue in the quarter ended June 30 rose $1.1 billion from $874.9 million a year earlier.

Analysts polled by Capital IQ expected $1.12 billion.

The company raised its full-year revenue guidance to $5.05 billion to $5.25 billion from $4.80 billion to $5 billion.

Analysts polled by Capital IQ expect $4.97 billion.

The company said its board authorized a $1 billion stock repurchase program.

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