DraftKings Reports $770M First Quarter, Cuts Losses Amid Expansion
DraftKings attributed the growth in Q1 2023 to product innovation, decreased promotional spending, and strong customer acquisition and retention.
Source: covers.com
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DraftKings attributed the growth in Q1 2023 to product innovation, decreased promotional spending, and strong customer acquisition and retention.
The stock price is up about 87% year to date.
Bloomberg reports that DraftKings is planning to launch a free, ad-supported, streaming service that is set to debut in "coming weeks."