DraftKings Stock Drops After Reporting Mounting Operating Losses in Q4

DraftKings' (NASDAQ: DKNG) stock crashed more than 20% on Feb. 18, the day it announced fourth-quarter and 2021 earnings. The market was not pleased with mounting losses on the bottom line.

The sell-off took the wind out of the company's chance to celebrate another year of accelerating revenue growth. Let's review.

2021 marked the third consecutive year of accelerating revenue growth for DraftKings. Image source: Getty Images.

Continue reading

Source Fool.com