DraftKings Rises as Investors Look Past Weak March Madness

Bloomberg

05/09

DraftKings Inc. shares briefly rose as much as 6% in extended trading as investors looked past a disappointing first quarter hurt by a March Madness basketball tournament that went especially well ...

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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: 12.5px; color: #7E829C; margin: 0;}\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 Rises as Investors Look Past Weak March Madness\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2025-05-09 08:15</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>DraftKings Inc. shares briefly  rose as much as 6% in extended trading as investors looked past a disappointing first quarter hurt by a March Madness basketball tournament that went especially well ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-05-08/draftkings-rises-as-investors-look-past-weak-march-madness\">網頁鏈接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.bloomberg.com/news/articles/2025-05-08/draftkings-rises-as-investors-look-past-weak-march-madness\">Bloomberg</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DKNG","symbol_name":"DraftKings Inc.","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2025-05-08/draftkings-rises-as-investors-look-past-weak-march-madness","article_id":"1168243285","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1584095487587","url":"https://www.bloomberg.com/news/articles/2025-05-08/draftkings-rises-as-investors-look-past-weak-march-madness","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1168243285","pubTimestamp":1746749748,"columns":[{"name":"財報速遞","id":26,"label_key":"express"}],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"DraftKings Inc. shares briefly  rose as much as 6% in extended trading as investors looked past a disappointing first quarter hurt by a March Madness basketball tournament that went especially well fo","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DKNG":"DraftKings Inc."},"translate_title":"随着投资者超越三月疲软的疯狂，DraftKings上涨","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":1.1},"content_text":"DraftKings Inc. shares briefly  rose as much as 6% in extended trading as investors looked past a disappointing first quarter hurt by a March Madness basketball tournament that went especially well for gamblers.The shares traded as high as $37.46 in extended trading Thursday after the results were announced.First-quarter sales rose 20% to $1.41 billion, the company said in a statement, coming in below the $1.48 billion average of analysts projections compiled by Bloomberg. Adjusted earnings soared to 12 cents a share, short of the 20 cents that Wall Street estimated.As a result of March Madness, the Boston-based online betting operator trimmed its peak sales forecast for the year by $200 million to $6.4 billion. It lowered its projection for earnings before interest, taxes, deprecation and amortization by $100 million to $900 million at most.The monthly active player count rose 28% to 4.3 million, DraftKings said, matching estimates.「If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and adjusted Ebitda guidance.,」 Chief Executive Officer Jason Robins said in a statement.On Wednesday rival Flutter Entertainment Plc, the parent of FanDuel, reported results that fell short of Wall Street projections due to a disappointing performance during the college basketball tournament. Chief Executive Officer Peter Jackson said more favorites won, upsetting the company’s plans.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}