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DraftKings reported shrinking losses in its recent quarterly update.
After earnings were announced, investors cheered DraftKings' (DKNG -0.81%) progress, as its losses on the bottom line are one of the biggest risks of investing in the stock. This video highlights the improvements and discusses whether DraftKings is an excellent stock to buy.
*Stock prices used were the afternoon prices of Feb. 17, 2023. The video was published on Feb. 19, 2023.
Parkev Tatevosian, CFA 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.
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