Sports

DraftKings Rises as Investors Look Past Weak March Madness

First-quarter sales rose 20% to $1.41 billion, the company said in a statement, coming in below the $1.48 billion average of analysts projections compiled by Bloomberg. — First-quarter sales rose 20% to $1.41 billion, the company said in a statement, coming in below the $1.48 billion average of analysts projections compiled by Bloomberg.
Photographer: Gabby Jones/Bloomberg

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By Christopher Palmeri

May 8, 2025 at 8:42 PM UTC

DraftKings Inc. shares rose as much as 6% in extended trading as investors looked past a disappointing first quarter hurt by a March Madness basketball tournament that went especially well for gamblers.

The shares traded as high as $37.46 in extended trading Thursday after the results were announced.