News Formal

Sports betting stocks score in November as DraftKings, Flutter surge

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Equities Nouvelles

Macroeconomics

DraftKings and Flutter Entertainment stocks have gained more than 20% over the past month.

Key points The gains were fueled by a record quarter for gaming revenue. Both of these sports betting stocks have momentum heading into 2025. The two leading sports betting stocks outperformed the S&P 500 by a wide margin in November. Are there more wins to come? The two leading sports betting stocks, DraftKings and Flutter Entertainment scored big wins in November, outperforming all the major benchmarks.

Flutter raises guidance Flutter, the parent of FanDuel, also got a lift from its Q3 earnings, which crushed estimates. The firm generated $3.2 billion in revenue, a 27% year-over-year increase. Of that amount, $1.2 billion came from the U.S. a 51% increase. Flutter benefitted from a 16% increase in average monthly players. It posted a net loss of $114 million, but that was 56% better than the same quarter a year ago.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

These two gambling stocks are undergoing impressive upside breakouts, according to the chartsDavid Keller breaks down the charts of DraftKings and Flutter.
La source: CNBC - 🏆 12. / 72 Lire la suite »

DraftKings CEO says sports betting industry is at ‘important inflection point'It’s been six years since the Supreme Court lifted the federal ban on sports betting, and the practice is now legal in 38 states and Washington, D.C.
La source: NBCDFW - 🏆 288. / 63 Lire la suite »