Earnings

Loss not as bad as feared

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DraftKings clock at UFC venue.

Source: DraftKings

Sports-betting company DraftKings on Friday reported a better-than-feared loss per share and higher revenue for its first quarter and raised its full-year revenue guidance.

Shares gained 3.7% in Friday’s premarket.

Here are the key numbers:

  • Loss per share: 36 cents vs an expected loss of 42 cents in a Refinitiv survey of analysts
  • Revenue: $312 million vs $236.2 million expected in the Refinitiv survey

DraftKings said it had 1.5 million monthly unique paying customers as of its first quarter, holding onto the gains in made in its fourth quarter. It was expected to report 1.31 million, according to FactSet.

Average revenue per monthly unique…



Source cnbc.com

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