
Joe Hendrickson
DraftKings (NASDAQ:DKNG) rose in postmarket trading after posting mixed Q2 results and revising its full-year guidance.
Revenue increased 37.3% year-over-year in Q2 to $1.51 billion, driven primarily by continued healthy customer engagement, efficient acquisition of new customers, a higher structural sportsbook hold percentage, and sportsbook-friendly outcomes. Notably, the