Learn Why The Bull Case For DraftKings (DKNG) Could Change Following Rising Marketing Costs

DraftKings is pouring more money into prediction markets and marketing at a time when revenue has recently declined, operating losses have reappeared and net debt sits at about US$932 million, which is covered by under two years of free cash flow. The business is attracting more bettors and building its Predictions exchange. However, heavier promotional spending and thinner sportsbook margins are pressuring near term profitability and weighing on investor confidence. We will examine how...