DraftKings Inc (LTS:0ABA)
$ 39.4115 0.3215 (0.82%) Market Cap: 19.57 Bil Enterprise Value: 20.03 Bil PE Ratio: 0 PB Ratio: 14.57 GF Score: 79/100

DraftKings Inc at Needham Technology and Media Conference Transcript

May 17, 2023 / 01:30PM GMT
Release Date Price: $23.25 (+1.76%)
Bernard Jerome McTernan
Needham & Company, LLC, Research Division - Senior Research Analyst

Well, thank you, everyone, for joining us this morning. My name is Bernie McTernan, the Internet analyst here at Needham & Company. My pleasure to introduce Jason Park, CFO of DraftKings. Thank you so much for joining us.

Jason K. Park
DraftKings Inc. - CFO

No, thank you for having me. I'm thrilled to be here, and thank you for everything you're doing.

Bernard Jerome McTernan
Needham & Company, LLC, Research Division - Senior Research Analyst

Well, great. I guess maybe to start, even though earnings feels like, it was a month ago. What were some of the key highlights and key takeaways for you?

Jason K. Park
DraftKings Inc. - CFO

Yes. So probably 4 things, just excellent revenue growth, acquisition efficiency is better than it's ever been, organization, good balance of revenue growth and cost efficiency and we're on the cusp of profitability on an adjusted EBITDA

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