"DraftKings Reports Mixed Q4 Results and Revenue Growth, Stock Takes a Hit"
TL;DR Summary
DraftKings reported mixed Q4 results with improved adjusted earnings but slower revenue growth, while also announcing a $750 million acquisition of lottery app Jackpocket. The company's expansion into new states and partnerships with NASCAR and Barstool Sports signal its continued growth in the gambling industry. Despite the volatility in after-hours trading, DraftKings stock has rallied over 26% this year.
- DraftKings Choppy On Mixed Q4 Results, $750 Mil Lottery Takeover Investor's Business Daily
- DraftKings (DKNG) To Report Earnings Tomorrow: Here Is What To Expect Yahoo Finance
- DraftKings stock goes south after sports-betting company swings to surprise loss MarketWatch
- DraftKings Earnings Arrive After Markets Close. Here’s What to Watch. Barron's
- DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates CNBC
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