1532 ET - Bank of America analysts say in a research note that DraftKings' same-state handle--or the total amount of money wagered on a specific game or event--appears to be slowing sequentially. "The slowing trends coupled with the rise of prediction markets and DraftKings' guide implying mid-to-high teens handle growth have turned into a big overhang," they write. As a result, investors will be increasingly focused on the fantasy-sports and betting platform's 2025 outlook when it releases earnings next month, the analysts say. They will also be looking for management to clearly articulate what is offsetting handle, or what will reaccelerate growth. The bank lowers its 1Q Ebitda outlook to reflect headwinds in March. Shares rise 2.1%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
April 22, 2025 15:32 ET (19:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。