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What's Going on With DraftKings Stock?

The mobile gambling business is expanding into new markets and increasing its focus on profitability.

By Parkev Tatevosian, CFA – Nov 16, 2022 at 11:30AM EST

DraftKings (DKNG +2.09%) got some disappointing news from California that investors will want to hear about. I cover that and more in this deep dive into DraftKings' third-quarter earnings.

Stock prices used were the afternoon prices of Nov. 14, 2022. The video was published on Nov. 16, 2022.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

DraftKings Stock Quote
DraftKings
NASDAQ: DKNG
$23.69
(+2.18%)+$0.51

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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