DraftKings Shares Gain as CEO Signals Rapid Predictions Growth Ahead of NFL Season

DraftKings Inc. (NASDAQ: DKNG ) shares are edging higher Friday morning as traders digest mixed Q2 results and upbeat commentary around its Predictions product. DraftKings stock is moving in positive territory. What’s pushing DKNG stock higher? What’s Driving DraftKings’ Q2 Earnings Results? DraftKings reported second-quarter revenue of $1.44 billion (down 5% year-over-year) that missed the $1.52 billion Street view, while EPS came in at 9 cents versus expectations of 2 cents. Management kept full-year revenue guidance at $6.5 billion to $6.9 billion and Adjusted EBITDA guidance at $700 million to $900 million. “We delivered a strong second quarter and enter the back half of the year with real momentum, as our core business grew across handle, users, and engagement,” said Jason Robins, DraftKings’ Chief Executive Officer and Co-founder. “Our Super A...