Участник:Bacarasit27e

DraftKings Stock Continues To Fall As Monthly User Growth Decline

DraftKings is currently facing weak monthly customer growth, one of the biggest challenges in the iGaming industry. Unfortunately, the company raised its revenue guidance for 2022 to a range of $2.16 billion to $2.19 billion, as revenue for the previous quarter was found to be above Wall Street expectations, so-called the company's losses were not as bad as expected.

The previous quarter ended September 30, 2022, and during that quarter, DraftKings expected the launch of an online sportsbook product that will be broadcast live on mobile sports betting in 18 states, including Maryland, Puerto Rico, Ohio, and Massachusetts, to help fuel players' commitment and desire to win (analysts expected at least 37% of the U.S. population to be interested in the product). But that didn't go as planned because it wasn't enough to cover the 2 million that analysts expected, despite a roughly 22% increase in paid customers to 1.6 million from a year ago. It's also worse than the last two quarters!

DraftKings reported a net loss of about $450 million (about $1) per share for the quarter, and analysts expected a net loss of $1,04 per share. At the same time, last year it reported a net loss of $545 million and revenue of up to $52 million (well above Wall Street's forecast of $437 million), representing the company's progress each year. https://www.bacarasite.net