05:00 PM EDT, 05/02/2024 (MT Newswires) -- DraftKings ( DKNG ) reported Q1 adjusted earnings late Thursday of $0.03 per diluted share, compared with a loss of $0.51 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.11.

Revenue for the quarter ended March 31 was $1.18 billion, up from $769.7 million a year earlier.

Analysts surveyed by Capital IQ expected $1.12 billion.

The company said it now expects fiscal year 2024 revenue between $4.8 billion and $5 billion. The previous guidance was between $4.65 billion and $4.90 billion, it said.

Analysts polled by Capital IQ expect 4.82 billion.

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