DraftKings
reported stronger than expected revenue and raised its outlook for 2023. Its business is getting a boost as more states legalize sports gambling.
The gambling firm reported fourth quarter revenue of $855 million and a loss of 53 cents a share. Wall Street expected an adjusted loss of 46 cents a share on sales of $801 million, according to FactSet.
Source: https://www.barrons.com/articles/draftkings-earnings-stock-price-c3529960?siteid=yhoof2&yptr=yahoo