Login/Register
Evolution
Evolution
Evolution
Digitain

DraftKings shares slump despite strong 2021 revenue growth

18th February 2022 3:00 pm GMT
DraftKings
Playtech

New York-listed betting and gaming operator DraftKings has posted a net loss of $1.5bn for 2021, despite seeing full year revenue more than double to $1.3bn.

DraftKings benefited from a strong finish to the year as Q4 revenue increased by 47 per cent versus a year ago to $473m, with revenue 8 per cent higher than the company’s previous guidance issued last November, despite lower-than-expected hold in October primarily due to NFL game outcomes.

The year-on-year revenue [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Related Videos
BRAGG Gaming
Uplatform
Pragmatic Solutions
Soft2Bet
Relax Gaming
Evolution
Sofrswiss