DraftKings (DKNG): Q3 earnings report

first_img“The resumption of major sports such as the NBA, MLB and the NHL in the third quarter, as well as the start of the NFL season, generated tremendous customer engagement,” DraftKings CEO Jason Robins said in a press release.The company also raised its fiscal year 2020 guidance to a range of $540 to $560 million, from a range of $500 to $540 million. DraftKings said it expects $750 million to $850 million in revenue for 2021.DraftKings spent millions last quarter on its partnerships, including with Michael Jordan in an equity deal, the New York Giants, Chicago Cubs, Turner Sports and ESPN.- Advertisement – Shares of sports betting company DraftKings jumped more than 7% in premarket trading Friday after the company reported better-than-expected third quarter results and a surge in users.Here are the results:Loss per share: 57 cents, vs 61 cents expected, according to a Refinitiv survey of analystsRevenue: $133 million, vs $132 million expected, according to RefinitivThe company said its monthly unique payers surpassed 1 million, a 64% increase compared to the same quarter a year ago.- Advertisement – – Advertisement – The company had been looking to increase its brand exposure as it fought to gain market share in the growing sports betting landscape. Currently, 19 states, plus Washington D.C., allow online sports betting. Six states legalized sports wagering but are not yet operational, while two states are working on legislation to allow betting.  DraftKings in April combined with Diamond Eagle Acquisition Corp., a special purpose acquisition company (SPAC), and gaming technology provider SBTech to make its public debut. The company’s stock has gained 285.51% this year as of Thursday’s close.Subscribe to CNBC on YouTube.center_img The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019.David L. Ryan | The Boston Globe via Getty Images – Advertisement –last_img read more

Carl Stiles, 80, Corbin: Oct. 9, 1935 – April 17, 2016

first_imgCarl StilesCarl Leon Stiles, 80 of Corbin died Sunday, April 17, 2016 at his residence.Graveside services are scheduled for 10:30 a.m., Friday, April 22, 2016 at the Corzine Cemetery in Corbin.Carl was born October 9, 1935 in Rural Chautauqua County, Kansas to Elmer Stiles and Viola M. (Gore) Stiles. He graduated from Caldwell High School in 1953. Carl served in United States Army for 21 months. On September 1, 1956 he married Delece Smith. She preceded him in death in 1999. Carl worked for the grain elevator in Corbin for 27 years and owned and operated Stiles Liquor for 21 years retiring in 2008.He is survived by his children, Ron Stiles and wife, Irmina of Virginia Beach, VA, Debbie Haas and husband, Bill of Valley Center, Janice Cink and husband, Kevin of Roby, TX, Carla Ford and husband, Earl , Sandy Brownlee and husband, Kim all of Wellington; companion, Alice Anderson-Stiles of Corbin; grandchildren, Craig Stiles, Neil Stiles, Ryan Stiles, Aimee Wood, Steven Clark, Mike Clark, Amanda Cink, Dale Cink, Eric Ford and Elizabeth Brownlee.Carl was preceded in death by his parents; wife; brothers, Robert Dean Stiles and Lee Wonser; sister, Viola Grace Knight.A memorial has been established with the Bryce Day Memorial Foundation. Contributions may be made through the funeral home.Cornejo Day Funeral Home of Wellington is in charge of the arrangements. On line condolences may be made at www.cornejodayfuneralhome.comlast_img read more