Daily fantasy sports operators DraftKings and FanDuel lost a combined $151m last year, according to leaked internal company documents.

On Tuesday, Axios published what it claimed were financial figures drawn from a 106-page document detailing the nuts and bolts of the planned merger of DraftKings and FanDuel. That merger looks increasingly doubtful after Monday’s announcement that the Federal Trade Commission (FTC) opposed the union due to competition concerns.

According to the Axios report, DraftKings’ own GAAP audited figures indicate the company generated revenue of $160m last year, while reporting an operating loss of $92m. As ugly as that reads, it pales in comparison to the staggering $509m loss DraftKings recorded in 2015, the year both DFS companies blanketed the television airwaves with marketing pitches.

FanDuel’s numbers are slightly less alarming, but fugly all the same. FanDuel’s revenue over the first 10 months of 2016 totaled $91m, while booking an earnings loss of $59m over the same period. Neither company was willing to comment to Axios regarding the internal document, although DraftKings offered slightly corrected figures for 2016.