The company posted quarterly revenue of $298 million, topping Wall Street's estimates, and revised its full-year sales to $1.21-$1.29 billion.
DraftKings gained after reporting a 44% increase in monthly unique players and upgrading its revenue forecasts for 2021 to $1 billion.
DraftKings soared as much as 8.8% on Wednesday after New York Gov. Andrew Cuomo unveiled legislation backing mobile sports gambling in the state. Should the law pass, New York would become the most populous state yet to embrace online sports betting. Cuomo backed the measure as part of his plan […]
DraftKings rallied as much as 11.1% in early Friday trading after the company beat third-quarter estimates and reported a leap in monthly users. Revenue and earnings for the three-month period landed above analyst expectations, and the company lifted its 2020 and 2021 revenue guidance. Monthly payers jumped 64% from the […]
Sports betting platform DraftKings stock sank as much as 12.8% on Monday after a coronavirus outbreak in the Miami Marlins baseball team delayed some Major League Baseball games. The MLB was the first major US sports league to resume activity when its season began on Thursday. The league cancelled a […]