DraftKings (DKNG) earnings Q3 2023


New England Patriots cornerback Stephon Gilmore, #24, stretches during the New England Patriots practice session in Foxborough, Massachusetts, on Oct. 22, 2020.

Barry Chin | Boston Globe | Getty Images

Sports betting company DraftKings on Thursday posted quarterly revenue that came in ahead of analysts’ expectations as the company rises to the top of the highly competitive online gambling industry.

Shares for DraftKings gained about 7% in extended trading Thursday after rising 6% during the regular session.

Here’s what DraftKings reported for the third quarter, ending Sept. 30:

  • Loss per share: 61 cents
  • Revenue: $790 million vs. $706.8 million expected, according to consensus estimates by LSEG,…

Source cnbc.com

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