DraftKings Posts In Line Q2, Continues Investing In Prediction Markets
DraftKings shares rise after declining on Q2 results. Company posts in line revenue, misses EBITDA estimate. Analyst expects EBITDA pressure in the second half of the year.
DraftKings made the money investors expected in Q2, but spent more than predicted, so profits fell short. When a company invests heavily now, watch whether those bets pay off later with bigger growth.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.