Search results
Results from the WOW.Com Content Network
DraftKings stock soared Friday morning after the sportsbook operator outlined a narrower-than-anticipated loss in 2023 and a path to profitability by 2024 during its fourth-quarter earnings call.
Moving on to our fiscal year 2024 guidance. We now expect revenue in the range of $5.050 billion to $5.250 billion from a range of $4.800 billion to $5 billion. The updated range equates to year ...
DraftKings has been working to increase adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) to between $900 million and $1 billion by 2025. Even with states moving to ...
BOSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- (revised) — DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock.
DraftKings Inc. is an American gambling company. Based in Boston , Massachusetts , it offers sportsbook and daily fantasy sports (DFS) services. The company was originally launched in 2012 as a DFS provider, competing principally with the New York-based FanDuel .
DraftKings stock hit a fresh 52-week high on Monday as investors grew more bullish on the mobile sports wagering company that saw shares decline nearly 60% in 2022.For DraftKings, 2023 has brought ...
In the second quarter, DraftKings posted non-GAAP (adjusted) earnings per share of $0.22 on sales of $1.1 billion. While the performance beat the average analyst estimate's call for an adjusted ...
The day before DraftKings announced its earnings, DKNG closed on Feb. 17 at $22.06. So if you bought at the low of $16.56 on Feb. 22, you’re still sitting on a tidy profit as the company makes ...