DraftKings just took a beating after earnings. 📉
The sports-betting giant missed Q3 expectations across the board — revenue of $1.33B vs $1.40B expected, and a loss of 94¢ per share vs 39¢ expected. Management also slashed full-year revenue guidance to $6.35–$6.55B, blaming heavy spending on its new Predictions exchange.
Shares plunged 23% in after-hours trading.
#DraftKings #DKNG #Stocks #Earnings #StockMarket #Zimbuck
The sports-betting giant missed Q3 expectations across the board — revenue of $1.33B vs $1.40B expected, and a loss of 94¢ per share vs 39¢ expected. Management also slashed full-year revenue guidance to $6.35–$6.55B, blaming heavy spending on its new Predictions exchange.
Shares plunged 23% in after-hours trading.
#DraftKings #DKNG #Stocks #Earnings #StockMarket #Zimbuck
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