DraftKings Q3 Sports Betting Results Disappoint Analyst: 'No Way To Describe
1. DraftKings reported mixed Q3 results with notable declines in sports betting. 2. Analyst Jordan Bender maintains a Market Outperform rating and $51 target. 3. iGaming revenue increased 25% YoY, outperforming expectations. 4. DraftKings lowered full-year revenue and EBITDA guidance post-results. 5. New deals and increased betting trends could improve future performance.