Replies to post #7856 on DraftKings Inc (DKNG)

[Talc Moan]

After glancing over the numbers.

Not impressed. Beat the street Est loss per share of (.75) with a loss of (.50)

Increased Revenue and added users yes.

BUT…. Burn rate puts it on pace fora 1 Billion in Cash Burn Rate Loss with only 1.5 Billion cash left on hand vs 2.76 Billion last year. Q3 and Q4 will be much bigger Cash Burn rates on NFL Advertising.

You will also not continue adding users that will flatline like Netflix and regardless of what CEO Robbins says. Users will start to feel the inflation pinch.

I wanna see a Slam Dunk 3rd or 4th Q before believing this is viable without another Cash raise in 2023.

I love the Platform and use it myself that they nailed when creating!