DraftKings Q1 Earnings Highlights: Revenue Miss, EPS Miss, Guidance Cut After Bettors Beat The House

Sports betting company DraftKings Inc DKNG reported first-quarter financial results after market close Thursday.Here are the key highlights.What Happened: DraftKings reported first-quarter revenue of $1.41 billion, up 20% year-over-year. The revenue total missed a Street consensus estimate of$ 1.44 billion according to data from Benzinga Pro.The company reported earnings per share of 12 cents, missing a Street consensus estimate of 22 cents per share.Revenue growth came from strong customer engagement, new ...