** Shares of gaming company DraftKings DKNG.O down 6.97% at $26.03 premarket after Q3 rev misses estimates
** Co says Q3 revenue rises 4% YoY to $1.14 bln due to solid engagement despite customer-friendly sport outcomes
**But it missed consensus estimate of $1.40 bln, acording to data compiled by LSEG
** Co revises FY25 revenue guidance to $5.9 bln–$6.1 bln; expects adjusted EBITDA of $450 mln–$550 mln driven by customer engagement and strong Monthly Unique Payers (MUP) growth
** MUPs grow 2% to 3.6 mln, supported by strong retention and acquisition in Sportsbook and iGaming
** Avg rating of 36 analysts is 「buy」; median PT is $51 – LSEG
** Stock down 24.78% YTD, as of last close
(Reporting by Tharuniyaa Lakshmi in Bengaluru)
((tharuniyaa@thomsonreuters.com))