DraftKings is paying over the odds to find customers. The online gambling firm said Friday that fourth-quarter revenue grew 47% and it predicts similar growth for 2022. Yet adjusted EBITDA loss could be as high as $925 million, about 50% more than analyst estimates, according to Refinitiv.
On Friday, February 18, it's DraftKings' turn to report fourth-quarter earnings. We highlight the bull and bear cases ahead of earnings day.
Draftkings' three-year commitment will back what it calls a State Council Funding Program to promote responsible gambling.