Shares of DraftKings (NASDAQ: DKNG) popped 9.8% on Friday after the daily fantasy sports and online gambling leader reported its second-quarter results before the market opened and lifted its 2022 financial forecast. DraftKings' revenue surged 57% year over year to $466 million in the second quarter. The company's entrance into Ontario, Canada's online sportsbook and casino markets in May helped to bolster its growth.
DraftKings shares are moving higher after an impressive revenue beat for its second quarter.
During this call, management will also discuss certain non-GAAP financial measures that we believe may be useful in evaluating DraftKings' operating performance. Hosting the call today, we have Jason Robins, co-founder, chief executive officer and chairman of DraftKings, who will share some opening remarks and an update on our business; and Jason Park, chief financial officer of DraftKings, who will provide a review of our financials.