DraftKings Q1; revenue up 53%, operations remain at a loss
The US industry giant's operating loss reduced by over $200m year-on-year. But yet another quarter has yielded no profitability. DraftKings has reported its financial earnings for the first quarter of 2024. In total, the sportsbook generated revenue of $1.18bn, up 53% year-on-year, with an operating loss of $138.8m – a reduction of over $200m, compared…
