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DraftKings Lifts Guidance but Quarterly Monthly Unique Players Miss the Mark

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DraftKings Stock Falls as Earnings Beat Forecasts, User Numbers Disappoint | Barron’s


DraftKings

stock was falling Friday even though the company raised its financial forecasts for 2022 as it plans to launch its online sports betting platform in new states.


DraftKings

(ticker: DKNG) said it now expects revenue for the year to be in the range of $2.16 billion to $2.19 billion, up from its previous call for between $2.08 billion and $2.18 billion. The sports betting company also changed its forecast for adjusted earnings before interest, taxes, depreciation, and amortization to point to a narrower loss of between $800 million and $780 million, compared with its prior call for a loss of between $835 million and $765 million.

‘I lost over 21% in 2022.’ I’m 72, retired, and have worked with my financial adviser for six years. I know markets are down, but this massive loss is worrying. Shouldn’t my adviser have had a plan to manage risk at my age?

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