DraftKings Eyes Expansion Into New Markets as It Balances Growth, User Acquisition
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DraftKings reported a 39% increase in revenue to $1.1 billion for the third quarter, driven by the return of the NFL season. The company is focusing on expanding into new markets while managing customer acquisition costs.
November 08, 2024 | 7:30 pm
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DraftKings reported a significant 39% increase in revenue for Q3, reaching $1.1 billion, largely due to the NFL season. The company is also planning to expand into new markets while managing customer acquisition costs.
The 39% revenue increase is a strong positive indicator for DraftKings, suggesting successful engagement with the NFL season. The focus on new market expansion could further drive growth, while managing customer acquisition costs remains a challenge.
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