The online sports betting company reported a $67.6 million quarterly loss, missing FactSet-polled analysts' expectation for 2 cents a share in earnings.
DraftKings swung to a second-quarter loss as winning wagers by sports bettors and customer promotions pressured results. The online sports betting company reported a loss of $67.6 million, or 14 cents a share, compared with a profit of $157.9 million, or 30 cents a share, a year earlier. Analysts polled by FactSet had expected earnings of 2 cents a share.