American betting operator DraftKings has revealed its second-quarter 2022 financial results, showing that its net loss declined for the first time since DraftKings went live as a publicly traded company.
Key financial indicators for the second-quarter ending June 30th, 2022 were:
Commenting on the results DraftKings CEO Jason Robins said, "DraftKings had an excellent second quarter, exceeding expectations for revenue and adjusted EBITDA. Customer engagement remains strong, and we continue to see no perceivable impact from broader macroeconomic pressures.
"Due to our ongoing investments in core online gaming technologies, we are in a strong position from a competitive perspective as we approach the beginning of the NFL season. We remain well capitalized, ready to enter new markets as they become live, and confident in our ability to compete and win with customers."