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DraftKings Profit Beats Estimates as Sportsbook Sales Grow

Bloomberg.com·Christopher Palmeri·6 months ago
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DraftKings Inc. reported revenue that rose 17% to $1.65 billion, slightly ahead of analysts’ estimates for $1.63 billion.

Adjusted earnings before interest, taxes, depreciation and amortization rose 64% to $168 million versus analysts’ projections for $153 million, according to a statementBloomberg Terminal from the company Thursday.