DraftKings stock surges after sports-betting company boosts outlook
Publishing timestamp: 2023-02-17 16:10:05
Summary
DraftKings reported stronger than expected revenue and raised its outlook for 2023. The stock surged 15% higher and the company was the most downloaded sportsbook app in the US on Super Bowl Sunday. The company attributed its results to customer retention, acquisition and engagement in existing states, as well as successful launches of its Sportsbook and iGaming products in additional jurisdictions. DraftKings is raising its fiscal year 2023 revenue guidance to a range of $2.85 billion to $3.05 billion.
Sentiment: POSITIVE
Tickers: DKNG,
Keywords: gambling, sports, business, draftkings inc, retail industry, business news,
Source: https://www.cnbc.com/2023/02/17/draftkings-earnings-stock-surges.html