As expected, B2C operations made up almost all of the revenue – at $492.8m, up by 160.6%. B2B, from the former SBTech business, made up the remaining $9.0m – a dip of 62.6%.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were $264.2m, down by 15.7%.
Read the full story on iGB North America.
Original article: https://igamingbusiness.com/finance/draftkings-cuts-q3-losses-but-shares-plummet-as-2023-projections-spook-market/
