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Draftkings Dives On Weak 2023 Forecast, Lingering Losses

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DraftKings (NASDAQ: DKNG) stock tumbled in early trading Friday after the sportsbook operator issued tepid 2023 guidance, including a larger-than-expected loss. While the gaming company lifted its 2022 guidance, its 2023 earnings before interest, taxes, depreciation, and amortization (EBITDA) spooked Wall Street. DraftKings is forecasting an EBITDA loss of $475 million to $575 million next […]

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