Draftkings' losses narrow but miss expectations

Draftkings Inc (NASDAQ:DKNG) posted narrower full-year losses, but shares in the sports betting firm were hit as the fourth-quarter figure fell short of analysts' expectations. Per share losses for 2023  came in at US$1.73, compared to US$3.16 in 2022, Draftkings reported on Thursday. For the fourth quarter, losses per share were US$0.10 against US$0.53 a year earlier but worse than analysts’ expected US$0.06. Revenue for the three months to December of$1.23 billion surpassed expectations, rising by 44%. A ...