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DKNG / DraftKings stock tumbles after loss widens as costs jump, while revenue rises above expectations

DraftKings stock tumbles after loss widens as costs jump, while revenue rises above expectations
Shares of DraftKings Inc. DKNG, -4.05% tumbled 15.4% in premarket trading Friday, after the digital sports entertainment and gaming company another quarterly loss that widened from a year ago, while revenue rose above expectations but costs jumped. The net loss widened to $326.3 million from $242.7 million, while per-share losses widened to 80 cents from 69 cents. Read More
Posted: Feb 18 2022, 07:25
Author Name: Market Watch
Views: 111471

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Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share

By CNBC
November 3, 2023

Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share

The proliferation of online sports betting and casino gaming across the U.S. has led to record revenue for sportsbook companies such as DraftKings an more_horizontal

DraftKings could parlay momentum into even bigger stock gains, analysts say

By Market Watch
November 3, 2023

DraftKings could parlay momentum into even bigger stock gains, analysts say

Those who bet on DraftKings Inc.'s stock have won big this year, and analysts see more big gains ahead. more_horizontal

DraftKings Inc. (DKNG) Q3 2023 Earnings Call Transcript

By Seeking Alpha
November 3, 2023

DraftKings Inc. (DKNG) Q3 2023 Earnings Call Transcript

DraftKings Inc. (NASDAQ:DKNG ) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer J more_horizontal

DraftKings Shares Soar After Reporting a Jump in Users and Revenue

By Investopedia
November 3, 2023

DraftKings Shares Soar After Reporting a Jump in Users and Revenue

DraftKings (DKNG) shares jumped over 11% in early trading Friday after reporting revenue soared as it posted a big jump in users, and the online betti more_horizontal

DraftKings' Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations

By PYMNTS
November 3, 2023

DraftKings' Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations

It's football season, and that is good news for sports betting company DraftKings. The gaming platform's third quarter 2023 earnings results saw a 57% more_horizontal

DraftKings maintains bullishness after upgraded results as attention shifts to key level

By Invezz
November 3, 2023

DraftKings maintains bullishness after upgraded results as attention shifts to key level

DraftKings Inc. (NASDAQ:DKNG) rose 6% in premarket on Friday after positive stock market news. The stock was boosted by a reported $790 million or £6 more_horizontal

Flutter boosted by peformance of US rival DraftKings

By Proactive Investors
November 3, 2023

Flutter boosted by peformance of US rival DraftKings

UK-based betting operator Flutter Entertainment was up 2.5%, following strong results overnight in the US from rival DraftKings. Shares in the sports more_horizontal

DraftKings Stock Is Climbing. Analysts Like Its Growth Story.

By Barrons
November 3, 2023


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