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Super Bowl Picks – Kansas City Chiefs Vs Philadelphia Eagles admin
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NFL Conference Championship Picks – San Francisco at Philadelphia, Cincinnati at Kansas City admin
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NFL Divisional Matchups – JAC@KC, NYG@PHI, CIN@BUF, DAL@SF admin
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NFL Wildcard Weekend – Sea at SF, LAC at Jac, Mia at Buf, NYG at Min, Bal at Cin, Dal at TB admin
DraftKings has just unveiled new numbers for Q4 showing a year on year revenue increase of 73% to $2.24 billion with adjusted EBITDA loss coming to $49.9 million. Despite posting a loss, DraftKings was able to outperform Wall Street expectations that predicted losses of more than double of what was posted. The new update brings DraftKings loss expectation to around $350-$450 million for 2023, a great improvement from its initial projected loss of $475-$575 million. The company is now predicting to post a positive EBITDA in 2024. A quote from DraftKings CEO regarding the reports states, “In the fourth quarter, we grew revenue by 81% versus last year and delivered positive Adjusted EBITDA in October and for the quarter when adjusting for our launch costs in Maryland and Ohio. Moving into 2023, we will continue to drive revenue growth and focus on expense management to accelerate our Adjusted EBITDA growth. We have already taken several actions that resulted in an increase to our revenue guidance and significant improvement in our Adjusted EBITDA guidance.”
The XFL is back after a two-year hiatus due to the COVID-19 pandemic. The league was purchased out of bankruptcy by a group that includes Dwayne “The Rock” Johnson, and […]
