DraftKings Hits New 52 Week High Following Investors Day
Shares of DraftKings jumped 4.13% today on volume that was nearly double the daily average. That means DraftKings hit a new 52 week high. DraftKings provided bullish commentary at its annual inventors day. For 2025 DraftKings expects revenue in the mid $5 billion range on adjusted EDITDA of $900 million. They also expect those figures to grow to $6.2 billion and $1.4 million in 2026. DraftKings recently told analysts and investors that it is the number one operator in terms of iGaming and online sports betting gross revenue share in the United States. They still feel there is ample room to grow.
The Buffalo Bills lost on Monday Night Football, at home no less, to the Denver Broncos. This was a terrible loss for the Bills who have struggled this year compared to recent years. This resulted in the firing of offensive coordinator Ken Dorsey today. The bills fell to 5-5 with the loss. If the season ended today they would not make the playoffs. Buffalo came into the season as one of the favorites to win the Super Bowl.
Buffalo is currently in second place in the AFC East behind the Miami Dolphins who are 6-3. The Bills beat the Dolphins earlier in the year. They will play each other again on January 7, 2024 which is the last game of the regular season for both teams.
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