DraftKings CEO cites efficiency gains in shift towards profitability
DraftKings chief executive Jason Robins said operational streamlining and improved execution were helping the company move towards greater profitability. He reported more than $500m in adjusted EBITDA over the previous six months and said some teams produced two to three times their prior-year output during the first quarter.
The comments describe how DraftKings is pursuing profitability across its sportsbook and iGaming business.