Sports betting company DraftKings Inc (NASDAQ:DKNG) reported fourth-quarter financial results after market close Thursday.<br /><br />Here are the key highlights.<br /><br />What Happened: DraftKings reported fourth-quarter revenue of $1.23 billion, which was up 44% year-over-year. The revenue total missed a Street consensus estimate of $1.24 billion according to data from Benzinga Pro.<br /><br />The company cited healthy customer engagement, acquisition of new customers and new jurisdiction expansion as reasons for the revenue growth.<br /><br />Earnings per share were 29 cents in the fourth quarter, which beat a Street consensus estimate of 8 cents per share.<br /><br />"DraftKings ended 2023 with excellent performance across customer acquisition, retention and engagement as well as structural sportsbook hold percentage despite the worst stretch of sport outcomes we have seen as a public company in the fourth quarter," DraftKings CEO Jason Robins said.
