DraftKings
inventory was falling Friday even however the enterprise elevated its fiscal forecasts for 2022. A J.P. Morgan analyst claimed the sports betting business is lagging powering its peers on its path to profitability.
DraftKings
(ticker: DKNG) stated it now expects income for the year to be in the vary of $2.16 billion to $2.19 billion, up from its former get in touch with for among $2.08 billion and $2.18 billion. The sports betting firm also modified its forecast for adjusted earnings right before interest, taxes, depreciation, and amortization to point to a narrower reduction of in between $800 million and $780 million, in comparison with its prior get in touch with for a loss of involving $835 million and $765 million.
DraftKings
inventory was falling Friday even however the enterprise elevated its fiscal forecasts for 2022. A J.P. Morgan analyst claimed the sports betting business is lagging powering its peers on its path to profitability.
DraftKings
(ticker: DKNG) stated it now expects income for the year to be in the vary of $2.16 billion to $2.19 billion, up from its former get in touch with for among $2.08 billion and $2.18 billion. The sports betting firm also modified its forecast for adjusted earnings right before interest, taxes, depreciation, and amortization to point to a narrower reduction of in between $800 million and $780 million, in comparison with its prior get in touch with for a loss of involving $835 million and $765 million.
