DraftKings Reports Decreased Q3 Losses, But Shares Plunge Due to Concerning 2023 Projections in the Finance Market

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The Revenue Breakdown:

Category Percentage
Sales 40%
Investments 30%
Interest Income 20%
Other Sources 10%

In the finance sector, B2C operations emerged as the foremost contributor to revenue, amounting to an impressive $492.8 million. This remarkable figure highlights a substantial growth of 160.6%.

The B2B operations, which were acquired from the former SBTech business, accounted for $9.0m of the total revenue. However, these operations experienced a decline of 62.6%.

Adjusted EBITDA:
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The adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) for the finance sector reached $264.2m, experiencing a decline of 15.7%.

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Stue Temoha is an expert writer with a profound passion for gambling and online gaming. With a career spanning over a decade, Stue has established himself as a trusted authority in the industry, offering deep insights into casinos, sports betting, poker, and the latest trends in online gambling. His writing is distinguished by meticulous research, clear analysis, and an engaging narrative style that demystifies complex concepts for readers of all levels. Stue's articles are a go-to resource for detailed reviews, strategic advice, and up-to-date industry trends, helping both novice and experienced gamblers navigate the dynamic gaming landscape.
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