DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling

Barrons2022-02-18

DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.

The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.

The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.

Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.

DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.

That’s well below analyst estimates for a $699 million loss.

DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.

The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SCLIEW
2022-02-22
SCLIEW
666
tiguru
2022-02-20
tiguru
F
Asphen
2022-02-19
Asphen
Operation losses is big
Success88
2022-02-19
Success88
Great
koolgal
2022-02-19
koolgal
DraftKings is facing intense competition and its stock price has fallen 60% recently. 🤔
Grest
2022-02-18
Grest
Good

Leave a comment

220

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Why the Stock Is Tumbling","media":"Barrons","content":"<html><head></head><body><p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.</p><p><img src=\"https://static.tigerbbs.com/89724923b921797671948c8c1d698dd9\" tg-width=\"708\" tg-height=\"622\" referrerpolicy=\"no-referrer\"/></p><p>The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.</p><p>The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.</p><p>Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. 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A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.</p><p>DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.</p><p>That’s well below analyst estimates for a $699 million loss.</p><p>DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.</p><p>The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Earnings Beat Estimates. 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Why the Stock Is Tumbling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 22:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its ...</p>\n\n<a href=\"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161814268","content_text":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.That’s well below analyst estimates for a $699 million loss.DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.","news_type":1,"symbols_score_info":{"DKNG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097986485,"gmtCreate":1645317272436,"gmtModify":1676534017441,"author":{"id":"3581713302392824","authorId":"3581713302392824","name":"tiguru","avatar":"https://static.tigerbbs.com/95800411cd10450bf31ccbab2743ae25","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581713302392824","authorIdStr":"3581713302392824"},"htmlText":"F","listText":"F","text":"F","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097986485","repostId":1161814268,"repostType":4,"repost":{"id":"1161814268","kind":"news","pubTimestamp":1645194816,"share":"https://ttm.financial/m/news/1161814268?lang=&edition=fundamental","pubTime":"2022-02-18 22:33","market":"us","language":"en","title":"DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling","url":"https://stock-news.laohu8.com/highlight/detail?id=1161814268","media":"Barrons","summary":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earni","content":"<html><head></head><body><p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.</p><p><img src=\"https://static.tigerbbs.com/89724923b921797671948c8c1d698dd9\" tg-width=\"708\" tg-height=\"622\" referrerpolicy=\"no-referrer\"/></p><p>The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.</p><p>The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.</p><p>Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.</p><p>DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.</p><p>That’s well below analyst estimates for a $699 million loss.</p><p>DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.</p><p>The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Earnings Beat Estimates. Why the Stock Is Tumbling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 22:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its ...</p>\n\n<a href=\"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161814268","content_text":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.That’s well below analyst estimates for a $699 million loss.DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.","news_type":1,"symbols_score_info":{"DKNG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094769474,"gmtCreate":1645237737338,"gmtModify":1676534012006,"author":{"id":"3576339097425722","authorId":"3576339097425722","name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"crmLevel":12,"crmLevelSwitch":1,"idStr":"3576339097425722","authorIdStr":"3576339097425722"},"htmlText":"Operation losses is big&nbsp; &nbsp; &nbsp;","listText":"Operation losses is big&nbsp; &nbsp; &nbsp;","text":"Operation losses is big","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094769474","repostId":1161814268,"repostType":4,"repost":{"id":"1161814268","kind":"news","pubTimestamp":1645194816,"share":"https://ttm.financial/m/news/1161814268?lang=&edition=fundamental","pubTime":"2022-02-18 22:33","market":"us","language":"en","title":"DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling","url":"https://stock-news.laohu8.com/highlight/detail?id=1161814268","media":"Barrons","summary":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earni","content":"<html><head></head><body><p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.</p><p><img src=\"https://static.tigerbbs.com/89724923b921797671948c8c1d698dd9\" tg-width=\"708\" tg-height=\"622\" referrerpolicy=\"no-referrer\"/></p><p>The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.</p><p>The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.</p><p>Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.</p><p>DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.</p><p>That’s well below analyst estimates for a $699 million loss.</p><p>DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.</p><p>The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Earnings Beat Estimates. Why the Stock Is Tumbling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 22:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its ...</p>\n\n<a href=\"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161814268","content_text":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.That’s well below analyst estimates for a $699 million loss.DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.","news_type":1,"symbols_score_info":{"DKNG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094797438,"gmtCreate":1645233378501,"gmtModify":1676534011191,"author":{"id":"4101948424484190","authorId":"4101948424484190","name":"Success88","avatar":"https://static.itradeup.com/news/4408e1a22d73e99adb53aa65dde8ad91","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":12,"crmLevelSwitch":0,"idStr":"4101948424484190","authorIdStr":"4101948424484190"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094797438","repostId":1161814268,"repostType":4,"repost":{"id":"1161814268","kind":"news","pubTimestamp":1645194816,"share":"https://ttm.financial/m/news/1161814268?lang=&edition=fundamental","pubTime":"2022-02-18 22:33","market":"us","language":"en","title":"DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling","url":"https://stock-news.laohu8.com/highlight/detail?id=1161814268","media":"Barrons","summary":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earni","content":"<html><head></head><body><p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.</p><p><img src=\"https://static.tigerbbs.com/89724923b921797671948c8c1d698dd9\" tg-width=\"708\" tg-height=\"622\" referrerpolicy=\"no-referrer\"/></p><p>The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.</p><p>The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.</p><p>Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.</p><p>DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.</p><p>That’s well below analyst estimates for a $699 million loss.</p><p>DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.</p><p>The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Earnings Beat Estimates. Why the Stock Is Tumbling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 22:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its ...</p>\n\n<a href=\"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161814268","content_text":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.That’s well below analyst estimates for a $699 million loss.DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.","news_type":1,"symbols_score_info":{"DKNG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094488859,"gmtCreate":1645220197512,"gmtModify":1676534009180,"author":{"id":"3559581955535845","authorId":"3559581955535845","name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":12,"crmLevelSwitch":1,"idStr":"3559581955535845","authorIdStr":"3559581955535845"},"htmlText":"DraftKings is facing intense competition and its stock price has fallen 60% recently. 🤔","listText":"DraftKings is facing intense competition and its stock price has fallen 60% recently. 🤔","text":"DraftKings is facing intense competition and its stock price has fallen 60% recently. 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":20,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094488859","repostId":1161814268,"repostType":4,"repost":{"id":"1161814268","kind":"news","pubTimestamp":1645194816,"share":"https://ttm.financial/m/news/1161814268?lang=&edition=fundamental","pubTime":"2022-02-18 22:33","market":"us","language":"en","title":"DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling","url":"https://stock-news.laohu8.com/highlight/detail?id=1161814268","media":"Barrons","summary":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earni","content":"<html><head></head><body><p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.</p><p><img src=\"https://static.tigerbbs.com/89724923b921797671948c8c1d698dd9\" tg-width=\"708\" tg-height=\"622\" referrerpolicy=\"no-referrer\"/></p><p>The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.</p><p>The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.</p><p>Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.</p><p>DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.</p><p>That’s well below analyst estimates for a $699 million loss.</p><p>DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.</p><p>The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Earnings Beat Estimates. Why the Stock Is Tumbling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 22:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its ...</p>\n\n<a href=\"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161814268","content_text":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.That’s well below analyst estimates for a $699 million loss.DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.","news_type":1,"symbols_score_info":{"DKNG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9094490563,"gmtCreate":1645198156097,"gmtModify":1676534008352,"author":{"id":"3581503320247876","authorId":"3581503320247876","name":"Grest","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3581503320247876","authorIdStr":"3581503320247876"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094490563","repostId":1161814268,"repostType":4,"repost":{"id":"1161814268","kind":"news","pubTimestamp":1645194816,"share":"https://ttm.financial/m/news/1161814268?lang=&edition=fundamental","pubTime":"2022-02-18 22:33","market":"us","language":"en","title":"DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling","url":"https://stock-news.laohu8.com/highlight/detail?id=1161814268","media":"Barrons","summary":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earni","content":"<html><head></head><body><p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.</p><p><img src=\"https://static.tigerbbs.com/89724923b921797671948c8c1d698dd9\" tg-width=\"708\" tg-height=\"622\" referrerpolicy=\"no-referrer\"/></p><p>The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.</p><p>The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.</p><p>Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.</p><p>DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.</p><p>That’s well below analyst estimates for a $699 million loss.</p><p>DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.</p><p>The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Earnings Beat Estimates. Why the Stock Is Tumbling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Earnings Beat Estimates. Why the Stock Is Tumbling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-18 22:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its ...</p>\n\n<a href=\"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"source_url":"https://www.barrons.com/articles/draftkings-dkng-stock-earnings-51645177904","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161814268","content_text":"DraftKings stock has tumbled 12% in morning trading despite the sports-betting company beating earnings estimates in the fourth quarter.The company raised its revenue guidance for 2022 but its adjusted Ebitda guidance came in worse than expected, signaling more losses ahead.The sports betting company reported an adjusted loss of 35 cents a share on revenue of $473 million in the fourth quarter, beating estimates on both fronts.Analysts surveyed by FactSet expected DraftKings (ticker: DKNG) to report a loss of 81 cents a share on revenue of $446 million. A year earlier, DraftKings posted a loss of 68 cents a share on revenue of $322 million.DraftKings raised its 2022 revenue guidance to a range of $1.85 billion to $2 billion from a previous forecast of $1.7 billion to $1.9 billion but introduced guidance for adjusted Ebitda to be negative $825 million to $925 million in 2022.That’s well below analyst estimates for a $699 million loss.DraftKings is the No. 2 operator in the U.S. online sports gambling behind FanDuel, which is controlled by European gambling giant Flutter Entertainment.The gambling giant’s stock has fallen more than 60% since Labor Day as investors have weighed up increasingly intense competition in the sports betting sector and the company’s heavy losses.","news_type":1,"symbols_score_info":{"DKNG":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":220,"commentSize":30,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1161814268","isCrawlerRequest":true}