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DKNG-DRAFTKINGS INC

DraftKings Reports First Full-Year Adjusted Profit with $181.3 Million in Earnings, Surging 15% in Stock Amid Strong Revenue Growth and Optimistic Future Outlook

Sunday

23 February, 2025

DraftKings has turned the tide with its first full-year adjusted profit of $181.3 million, marking a significant recovery from last year's losses. As the company gears up for a projected 35% revenue growth in 2025, can it maintain this momentum in the competitive sports betting landscape?

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Key Takeaways
  • DraftKings reported its first full-year adjusted profit of $181.3 million in 2024, indicating significant financial improvement.
  • The company experienced a 30% year-over-year revenue growth, reaching a total of $4.8 billion.
  • A 42% increase in customer base to 10.1 million reflects strong demand in online sports betting.
  • DraftKings plans to incorporate cryptocurrency payments and improve live betting to meet changing consumer preferences.
  • Participation in major events like Super Bowl LIX enhances its market position, making it a compelling investment choice.
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