DraftKings Posts Q3 Revenue Reports, Reducing Losses
iBET ETF Insights: DraftKings has just unveiled their Q3 numbers which show that revenue is way up while the company continues lower its losses. The numbers for Q3 dwarf the previous year’s $213 million with $502 million in revenue growth. DraftKings did reports net losses of $450 million for Q3 but that is a good improvement from their 2021 Q3 losses of $545 million. DraftKings CEO Jason Robins released some words on the Q3 report stating, “DrafdtKings has a very strong third quarter. Our team continued to drive top-line growth through highly effective customer engagement and compelling product and technology enhancements while remaining focused on our path to profitability.”
Categories Sports Betting & Gaming News