How did DraftKings' revenue and expenses trend in Q3 2024?

DraftKings' revenue and expenses in Q3 2024 showed significant trends: 1. **Revenue Trend**: DraftKings experienced a substantial increase in revenue, with a reported $3.32 billion in revenue by business segment. This represents a significant growth rate of 411.72% compared to the last year's revenue. The company's focus on gaming software, online gaming, and other segments contributed to this substantial revenue growth. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |DKNG|DKNG.O|DraftKings|20240101-2024|Other|3.9775E7|185| |DKNG|DKNG.O|DraftKings|20240101-2024|Other|3.0075E7|185| |DKNG|DKNG.O|DraftKings|20240101-2024|Other|1.6579E7|185| |DKNG|DKNG.O|DraftKings|20240101-2024|Gaming Software|6231000|185| |DKNG|DKNG.O|DraftKings|20240101-2024|Other|1.6579E7|185| |DKNG|DKNG.O|DraftKings|20240101-2024|Online Gaming|1.152186E9|185| 2. **Expense Trend**: The company's operating expenses, research and development expenses, and general and administrative expenses totaled $103.58 million in operating expenses and $548.07 million in research and development expenses. The report end date for these figures is September 30, 2024. |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Operating Expenses|market_code| |---|---|---|---|---|---|---|---| |DKNG|DKNG.O|DraftKings|2023 Q4|4.69851E8|8.8157E7||185| |DKNG|DKNG.O|DraftKings|2024 Q1|5.1495E8|8.8815E7||185| |DKNG|DKNG.O|DraftKings|2024 Q2|3.8076E8|9.2655E7||185| |DKNG|DKNG.O|DraftKings|2024 Q3|5.48069E8|1.03581E8||185| In conclusion, DraftKings saw a dramatic rise in revenue during Q3 2024, which was accompanied by increased operating and development expenses. This indicates a period of significant investment and growth for the company.