04:56 PM EST, 11/07/2024 (MT Newswires) -- DraftKings ( DKNG ) reported a Q3 adjusted loss late Thursday of $0.17 per share, narrowing from a loss of $0.35 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.24.

Revenue for the quarter ended Sept. 30 rose $1.10 billion from $790 million a year earlier.

Analysts polled by Capital IQ expected $1.11 billion.

The company lowered its full-year revenue guidance to $4.85 billion to $4.95 billion from $5.05 billion to $5.25 billion previously.

Analysts polled by Capital IQ expect $5.12 billion.

The company expects 2025 revenue in the range of $6.2 billion to $6.6 billion. Analysts surveyed by Capital IQ expect $6.26 billion.

Shares of the company fell 5% in recent after-hours activity.

Price: 37.15, Change: -1.83, Percent Change: -4.69