1 Unprofitable Hypergrowth Stock I Would Buy Now
DraftKings (NASDAQ: DKNG) is an online gaming company that offers mobile sports betting, iGaming, and daily fantasy sports. The company has been growing customers and revenue rapidly, following the state-by-state legalization of its gaming services.
It's not yet profitable on the bottom line, as it is investing aggressively to acquire players with each new state it enters. Once the initial investments are made during its expansion phase, its profitability could trend upward. There are plenty of risks in investing in an unprofitable gaming company, but the reward could make the risk worthwhile.
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Source Fool.com
