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 years $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, “DradtKings 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.”
DraftKings Posts Q3 Revenue Reports, Reducing Losses
November 7, 2022