https://finance.yahoo.com/news/draftkings-reports-fourth-quarter-revenue-120000960.html
In a nutshell: Solid growth in revenue, user metrics, but also lots of growth in costs. I haven't seen the earnings call transcript yet.
These earnings just reiterate that this is a long term play. They do expect to be profitable by Q4 2023.
I might actually add on this selloff. We're still in the early stages of legalized sports betting so the growth runway is huge, and eventually the costs will come down when they saturate the market enough that they don't have to spend so much on sales and marketing.
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