Key Takeaways DraftKings shares soared Friday after the online sports betting platform reported fourth-quarter earnings that topped analysts' estimates.The company also boosted the lower end of its revenue outlook as it added customers and benefited from its purchase of rival Jackpocket.

DraftKings stock surged after Q4 earnings that showcased revenue growth and record customer engagement despite an unfavorable NFL season.

DraftKings stock was rising even after the company missed fourth-quarter financial expectations. The online sports betting company reported a fourth-quarter loss of 28 cents a share on revenue of $1.39 billion.

DraftKings hits 3.5-year peak at $53, posting first annual profit in Q4 2024. For more legal analysis across the gaming industry, check out Legal Sports Report.