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Aug 4 2023, 08:20 IST/BST
DraftKings reported Q2 results last night (August 3rd). It produced strong revenue growth in the quarter and has again upgraded guidance for FY revenue and profits. It has improved its revenue guidance by 10% at the mid-point and narrowed its FY EBITDA loss guidance by $110m. This is a good update with strong revenue growth, narrowing losses and evidence of cost discipline.