DraftKings Rallies On Soaring Revenue, 2021 Guidance As Online Sports Betting Booms
Sports betting specialist DraftKings (DKNG) XX fourth-quarter estimates before the market open on Friday. Draftkings stock rose.
Estimates: Analysts expected DraftKings to post a loss of 57 cents a share on revenue of $230.6 million, according to Zacks Investment Research.
Results: DraftKings reported an adjusted loss of 24 cents a share. Revenue came in at $322 million, up 146% vs. a year earlier or 98% on pro forma basis. Average monthly unique payers jumped 44% vs. a year…