How does a gambling site lose money? DraftKings just lost $250 million in revenue — mostly on NFL games.
The company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen,” its CEO said.
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DraftKings Cuts Guidance On Early Q4 NFL Results
DraftKings saw its stock fall in after-hours trading Thursday after it cut guidance on customer-friendly results.
DraftKings Guidance Hit By Unfavorable NFL Outcomes: Analysts Focused On 2025
DraftKings lowered Q4 and FY guidance due to unfavorable NFL game outcomes. Analysts look to 2025 guidance and strength ahead ...
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DraftKings Q3 revenue grows, but early Q4 NFL struggles force another FY24 downgrade
A bad run of NFL results in October have forced DraftKings to downgrade on its full-year revenue and earnings guidance for ...