
DraftKings Q3 Earnings: Revenue Up 39%; Net Loss Increases by $12 Million
DraftKings released its financial results for the third quarter of 2024. Total revenue reached $1.1 billion, a 39% increase year-over-year, while adjusted EBITDA was a negative $58.5 million—a significant decrease compared to the negative $153.4 million reported in the same period last year. However