DraftKings reported its first quarterly profit of $21.1 million for the first quarter, marking a significant milestone for the online sports betting company. The profit was driven by improved sportsbook margins and strong customer engagement from the company's expanding user base.

Meanwhile, autonomous trucking company Kodiak AI saw its stock price tumble 37% after raising $100 million in funding at a steep discount to its previous valuation. The funding round signaled investor concerns about the company's current market position and growth prospects.

During its earnings announcement, Kodiak AI also disclosed several business developments, including securing a new commercial contract and launching a pilot program in Canada. The company additionally announced a new collaboration, though specific details of these partnerships were not immediately disclosed.

The contrasting fortunes of the two companies highlight the divergent paths in different sectors of the technology and entertainment industries. While DraftKings has achieved profitability in the competitive online gambling market, Kodiak AI faces challenges in the autonomous vehicle sector that have pressured its valuation.