Benchmark Reiterates Buy Rating on DraftKings Inc. (DKNG)
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Fintech, E-Sports, Sports Betting, and E-Commerce, and the Cloud: Global Leaders of Alibaba, Peak Fintech, FansUnite and DraftKings Driving Revenue Growth As Digital Transformation Accelerates
November 13, 2020 11:07 AM ESTNEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Alibaba Group Holdings (NYSE: BABA), Peak Fintech Group (OTC: PKKFF) (CSE: PKK) and FansUnite (OTC: FUNFF) (CSE: FANS) DraftKings Inc. (NASDAQ: DKNG).
Accelerating digital transformation is the tailwind driving new revenue growth opportunities as leaders leverage the... More
DraftKings Reports Third Quarter Results and Raises 2020 Revenue Guidance
November 13, 2020 7:00 AM ESTBOSTON, Nov. 13, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported its financial results for the third quarter of 2020. For the three months ended September 30, 2020, DraftKings reported revenue of $133 million, an increase of 98% compared to $67 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited and Diamond Eagle Acquisition Corp., as if it had occurred on January 1, 2019, revenue grew 42% compared to the three months ended September 30, 2019.
The resumption of major sports such as the NBA, MLB and the NHL in... More
DraftKings Reports Third Quarter Results and Raises 2020 Revenue Guidance
November 13, 2020 7:00 AM ESTReports Third Quarter Revenue of $133 million; Increases 2020 Pro Forma Revenue Guidance to $540 million to $560 million; Introduces 2021 Revenue Guidance of $750 million to $850 million
BOSTON, Nov. 13, 2020 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (DraftKings or the Company) today reported its financial results for the third quarter of 2020. For the three months ended September 30, 2020, DraftKings reported revenue of $133 million, an increase of 98% compared to $67 million during the same period in 2019. After giving pro forma effect to the business combination with SBTech (Global) Limited and Diamond Eagle Acquisition Corp., as if it had occurred on January 1, 2019, revenue grew 42% compared... More
