DraftKings’ stock goes south after sports-betting company swings to surprise loss

February 15, 2024

DraftKings Inc. shares dropped more than 2% in the extended session Thursday after the sports-betting platform surprised Wall Street with a quarterly loss and revenue that was merely in line with expectations.

DraftKings DKNG lost $45 million, or 10 cents a share, in the fourth quarter, compared with a loss of $243 million, or 53 cents a share, in the year-ago quarter.

Revenue…

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