DraftKings posts $769.6m in revenue, though its net loss totals $397.1m

DraftKings has posted its Q1 financial results, showing that it made $769.6m in total revenue – up 84% from 2022’s $417.2m. Meanwhile, its adjusted EBITDA sat at a $221.6m loss, an improvement over Q1 2022’s $289.5m. However, this is a trend that is...