DraftKings Soars on Strong Earnings and Growing Customer Base
DraftKings stock surged nearly 16.5% after reporting strong earnings, surpassing multiple early entry points and flashing a bullish signal. The stock is closing in on an official buy point and has already cleared several entry levels. Gaming stocks, including DraftKings, are experiencing increased interest, possibly fueled by the Taylor Swift-Travis Kelce relationship. DraftKings reported better-than-expected Q3 earnings, revenue growth, and user growth, narrowing its losses and raising its revenue guidance for 2023 and 2024. The company has been posting smaller year-over-year losses and is expected to achieve its first annual profit in 2025.