DKNG usage mentions soar into 20Q3 earnings. ALSO -- Xbox demand takes off as the console hit store shelves, BYND tanks on lackluster report
DraftKings has been busy, and is poised for growth.
The U.S. is increasingly opening up access to sports gambling: 3 states approved sports betting in the recent election cycle, meaning by the end of next year more than half of the country will have legal access.
9 states offer DraftKings' mobile and online sports betting product (making DKNG the industry leader in this respect).
In the last quarter, DraftKings usage mentions soared, and momentum is continuing into 20Q4.
You can see sports betting mentions increase across the board as live sports returned, helping to fan DKNG demand.
The new 'Xbox Series X' officially launched yesterday, and Consumer Demand rocketed: +106% YoY
The comparatively lukewarm reception garnered by the previous generation console, the 'Xbox One,' puts the current level of hype into perspective.
The secondary market highlights how valuable this console is to consumers: An Xbox Series X on Ebay will run you 2-3X MSRP,and you'll be hard pressed to get one from a traditional retailer in time for Christmas.
Beyond Meat (BYND)
Shares of BYND plunged -17% in yesterday's trading session, following a disastrous 20Q3 earnings release. The company reported top and bottom line results that missed market expectations by -29% and -450% respectively.