DraftKings (NASDAQ: DKNG) saw shares drop by 8.9% despite boosting full-year revenue and earnings forecasts. First-quarter revenue surged 34% to $417 million with monthly unique payers up 29% to 2 million. Average revenue per payer also rose by 11% to $67. EBITDA was negative $289.5 million compared to negative $139.3 million last year. Despite losses, DraftKings raised its full-year outlook, expecting revenue growth of 49% to 56% to approximately $1.93 billion to $2.03 billion. The forecast excludes contributions from recent acquisitions or launches.

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