Stock Track | DraftKings Soars 7.96% in After-Hours on Promising Q4 Results and Bright Outlook

Stock Track

02-13

DraftKings Inc. (DKNG) stock surged 7.96% in after-hours trading on Thursday following the release of its fourth-quarter and fiscal year 2024 financial results. The online sports betting and gaming company's strong performance and upbeat guidance appear to be driving the after-hours rally.

According to the earnings report, DraftKings reported a narrower-than-expected loss for the fourth quarter, indicating progress towards profitability. Moreover, the company raised its revenue guidance for fiscal year 2025, signaling continued growth momentum.

The company's VIP program, which offers rewards and incentives to high-value customers, has come under scrutiny recently. However, DraftKings maintained its stance, stating that its loyalty program aligns with industry best practices and promotes responsible gambling through tools, resources, and education.

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