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Benzinga
Benzinga
Business
Chris Katje

DraftKings Fails To Win Investors With Q3 Results, Guidance: Could The Company Be Left Behind Over Peers Closer To Profit?

DraftKings Jason Robins DKNG Nasdaq DraftKings Inc Barstool

Sports betting and online casino company DraftKings Inc (NASDAQ:DKNG) reported third-quarter financial results before market open Friday. Here are the key highlights and why shares are dropping.

What Happened: DraftKings reported third-quarter revenue of $502 million, up 136% year-over-year. The revenue total beat a Street estimate of $437.2 million, according to data from Benzinga Pro.

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