DraftKings’ stock goes south after sports-betting company swings to surprise loss

This post was originally published on this site

https://images.mktw.net/im-829429

DraftKings Inc. shares dropped more than 3% in the extended session Thursday after the sports-betting platform surprised Wall Street with a quarterly loss and revenue that was merely in line with expectations.

DraftKings DKNG lost $45 million, or 10 cents a share, in the fourth quarter, compared with a loss of $243 million, or 53 cents a share, in the year-ago quarter.

Revenue…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.


Subscribe Now