(RTTNews) – DraftKings Inc. (DKNG) reported profits in the third quarter of $133 million, 98% more than the $67 million a year ago, after giving a shape effect to the merger of corporations with SBTech and Diamond Eagle, as if it had happened. january 1, 2019, sales rose to 42%.
The company raised its pro forma earnings forecast for fiscal year 2020 from $540 million to $560 million, from $500 million to $540 million, which equates to a year-over-year pro forma profit expansion from 25% to 30%.
DraftKings has brought earnings forecasts for 2021 from $750 million to $850 million, which equates to a 45% year-on-year expansion in the midpoints of the 2020 pro forma profit forecast.