DraftKings Inc. saw a decline of over 2% in its shares during the extended trading session on Thursday after the sports-betting platform reported a quarterly loss that caught Wall Street off guard. Additionally, the company's revenue for the quarter only met the market's expectations.

The unexpected quarterly loss came as a surprise to investors, causing concern and leading to the decline in DraftKings' shares. Although the exact figures were not specified in the provided information, the disappointing result dampened investor optimism and weighed on the market sentiment.

DraftKings, a popular platform for sports betting, has been closely watched by investors as it has been at the forefront of the rapidly growing online gambling industry. As states continue to legalize sports betting and online gambling, the company has experienced a surge in popularity and user engagement.

However, the quarterly loss has raised some questions about DraftKings' ability to turn a profit despite its strong market position. The revenue figures, which were reported to be in line with expectations, further highlighted the need for the company to address its profitability concerns.

Investors will likely keep a close eye on DraftKings' next earnings report to gain a clearer understanding of the company's financial performance. Market analysts will be looking for signs that the recent setback is a temporary blip rather than a deeper issue.

The unexpected quarterly loss and revenue that matched expectations have certainly dampened investor sentiment towards DraftKings. However, it remains to be seen whether the company can bounce back and regain the confidence of the market.