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Will DraftKings Ever Make Money?

Revenue keeps growing and losses keep piling up at DraftKings.

By Travis Hoium – May 9, 2023 at 10:45AM EST

DraftKings (DKNG +0.12%) reported another quarter of great growth and huge losses. The question isn't whether the company can grow, but whether it can make money. Travis Hoium digs into the challenge in the video below. 

*Stock prices used were end-of-day prices of May 7, 2023. The video was published on May 8, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium 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. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

DraftKings Stock Quote
DraftKings
NASDAQ: DKNG
$25.60
(+0.12%)+$0.03

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

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