DraftKings’ 47% revenue growth above Q4 estimates; shares drop over widened net loss, missed MUPs mark

Sports betting giant DraftKings has shared its fourth quarter and full-year 2021 financial report. The company describes its results for Q4 as “better than expected,” presenting a 47% year-over-year revenue increase that beat guidance by 8%.  For the three months ended December 31, the company reported revenue of $473 million,Continue Reading