Earnings

DraftKings (DKNG): Q4 2020 earnings

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

Barry Chin | Boston Globe | Getty Images

Shares of sports betting company DraftKings jumped as much as 8% Friday morning after the company reported fiscal fourth quarter 2020 earnings that beat revenue expectations and growth in paying customers.

Here are the key numbers:

  • Loss per share: 24 cents, vs. an expected loss of 47 cents, according to a Refinitiv survey of analysts
  • Revenue: $322 million vs. $232.6 million expected, according to Refinitiv

DraftKings said it now 1.5 million monthly unique paying customers as of its fourth quarter. It was…



Source cnbc.com

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