Monthly Unique Payers (MUPs)

Revenue segments as reported by the company.

Online Gaming

Gaming Software

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales and marketing

Product and technology

General and administrative

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

DraftKings

DraftKings, Inc. provides online fantasy sports and sports betting services. It provides users with daily fantasy sports, sports betting and iGaming opportunities, and is also involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. The company was founded on August 6, 2021 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

DraftKings reports robust Q4 performance, eyes growth through innovation

DraftKings' strong Q4 2022 performance and focus on operational efficiency position the company for continued growth and profitability.
While facing industry competition and regulatory challenges, DraftKings leverages strengths in innovation and customer acquisition for market success.
Opportunities in revenue growth, international expansion, and product innovation align with DraftKings' strategic goals for sustainable market expansion.
Strategic responses to challenges and a focus on customer retention and operational excellence are key to DraftKings' future success in the dynamic market landscape.

DraftKings excels in Q1, eyes profitability and market leadership

DraftKings' strong financial performance, market leadership, and strategic focus on customer engagement position it well for continued success. With a clear roadmap for profitability, the company is leveraging unique sports wagering opportunities and product innovations to drive growth and navigate market challenges.

DraftKings reports stellar Q2 results, eyes growth amid challenges

DraftKings delivered a strong Q2 performance with revenue growth and positive adjusted EBITDA, driven by product enhancements and strong player engagement.
The company's focus on customer experience, product differentiation, and partnerships positions it well for future growth despite challenges like tax rates and expense management.
Opportunities lie in upcoming sports seasons, AI initiatives, and market expansion, highlighting DraftKings' potential for continued success and innovation.

DraftKings surpasses Q3 expectations, eyes iGaming growth opportunities

DraftKings' Q3 performance exceeded expectations, with strong revenue growth and positive EBITDA outlook for 2024. The company faces challenges in maintaining market share growth and managing revenue slowdown. Opportunities lie in iGaming expansion and product innovation.

DraftKings excels in revenue growth, eyes strategic acquisitions for expansion

DraftKings reports robust financial performance with revenue and EBITDA growth milestones.
Strategic acquisitions and customer-centric initiatives strengthen market position and engagement.
Challenges in Q4 and capital optimization efforts highlight areas for strategic focus.
Anticipated growth opportunities in product innovation, market expansion, and legislative developments.

DraftKings excels in Q1 2024, raises guidance amid market opportunities

DraftKings' strong financial performance in Q1 2024 reflects revenue growth, increased guidance, and a focus on operational efficiency. The company's strategic initiatives in product innovation, responsible gaming, and market expansion position it for sustained growth. Challenges in managing state launches and tax rate increases require proactive strategies.

DraftKings reports robust Q3 revenue growth and eyes Missouri expansion

DraftKings delivered strong revenue growth and margin improvement in Q3 2024, driven by Online Sportsbook and iGaming segments.
While facing challenges in achieving profitability and optimizing operational efficiency, the company remains agile in capitalizing on new market opportunities.
With a focus on expanding into Missouri, robust fiscal year 2025 guidance, and international market expansion plans, DraftKings is poised for continued growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DraftKings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports betting, online casino, daily fantasy sports product offerings, DraftKings Marketplace, retail sportsbook, media, and other consumer product offerings. It operates through the following segments: Business-to-Consumer (B2C) and Business-to-Business (B2B). The Business-to-Consumer segment includes sportsbook, iGaming and DFS product offerings, as well as media and other consumer product offerings. The Business-to-Business segment includes design and development of gaming software. The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Is DraftKings (DKNG) a Buy as Wall Street Analysts Look Optimistic?

Digital sports betting and iGaming app provider DraftKings Inc. NASDAQ: DKNG has been in hypergrowth mode through 2024 but continues to lose money and even issued downside guidance for 2024. The company, along with competitor FanDuel, owned by Flutter Entertainment plc NYSE: FLUT, faces further scrutiny over anticompetitive practices.

5 Reasons DraftKings Stock Looks Promising in the New Year

Much like an action-packed football game with several lead changes, DraftKings (DKNG 2.41%) stock has taken shareholders on a roller coaster of emotions. At the time of writing, the stock is down 18% from its 52-week high, but is still holding on to a solid 16% gain year to date.

1 Growth Stock Down 18% to Buy Right Now

There are reasons to be optimistic in 2025 and beyond, including the company's improving financials and the potential to enter more states with gambling and sports betting. DraftKings missed Q3 2024 revenue, and EPS estimates, and its annual 2024 guidance was disappointing. Still, it provided solid 2025 annual revenue guidance of $6.2 billion-$6.6 billion. The company is focused on improving the betting mix to increase hold rates and profitability.

DraftKings: Positioned For Growth - Here's Why You Should Buy Now

DraftKings (DKNG) is expanding into new jurisdictions and adding new customers.

Is DraftKings an Undervalued Growth Stock to Buy?

DraftKings Inc (NASDAQ:DKNG) is 1.8% lower to trade at $39.18 at last check, pulling back toward its +10% year-to-date level and heading for a seventh-straight loss.

"Oversold" DraftKings Stock Could Rebound

Zacks.com users have recently been watching DraftKings (DKNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know

In 3Q24, DKNG saw 39% y/y revenue growth, improved operating margin to -27.21%, and a 14% surge in new players. Overall, the industry continues to expand as more states legalize online gaming. Total market size to reach $39 billion by FY2029, growing at a rate close to 10% CAGR. DKNG continues to roll out multiple initiatives to capture growth while improving its margins. By 2025, the company expects a positive FCF of $850 million, representing an FCF margin of 13.28%.

DraftKings: Odds Are In Investor's Favor

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Brokers Suggest Investing in DraftKings (DKNG): Read This Before Placing a Bet

DraftKings Inc DKNG is rolling the dice on a strong technical setup.

DraftKings Forms Golden Cross: A Bullish Bet To $55

DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

DraftKings Inc. (DKNG) Is a Trending Stock: Facts to Know Before Betting on It

DraftKings Inc. (NASDAQ:DKNG ) Craig-Hallum's 4th Annual Online Gaming Conference Call December 2, 2024 9:00 AM ET Company Participants Jason Robins - Founder & Chief Executive Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Ryan Sigdahl Good morning, everyone. Ryan Sigdahl here, senior analyst at Craig-Hallum.

DraftKings Inc. (DKNG) CEO Jason Robins Hosts Craig-Hallum's 4th Annual Online Gaming Conference (Transcript)

BOSTON, Nov. 29, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Robins, the Company's Chief Executive Officer and Co-founder, will participate in the following event:

DraftKings Announces Jason Robins' Participation in Upcoming Event

Wall Street Bulls Look Optimistic About DraftKings (DKNG): Should You Buy?

Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.

Investors Heavily Search DraftKings Inc. (DKNG): Here is What You Need to Know

DraftKings shows strong Q3 earnings with 39% YoY revenue growth, despite regulatory and tax headwinds impacting the sports betting industry. The investment thesis hinges on DKNG's aggressive marketing, duopoly with FanDuel, and potential growth in new states and international markets. Risks include potential tax increases and regulatory changes that could impact profitability and market position.

DraftKings: Riding The Sports Betting Wave

DraftKings' 85% advance from its 2022 low point still doesn't fully factor the company's potential.

1 Growth Stock Down 43% to Buy Right Now

The mobile gaming company saw its customers winning more than usual in the recently completed quarter.

DraftKings Stock Analysis: Buy, Sell, or Hold?

DraftKings stock price has rallied for seven consecutive days, reaching its highest level since June 20 after publishing better earnings than expected. DKNG shares jumped to a high of $43, up by over 50% from its lowest level in August.

DraftKings stock price inverse H&S points to a 15% pop

Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock

DraftKings' NASDAQ: DKNG share price struggles to advance in 2024, but the signs are clear that there is support for this stock. The technical action shows sustained support in the low end of a trading range, a strengthening base of support that will help propel the stock higher over the next year.

You Can Bet on DraftKings to Rebound in 2025

The company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen,” its CEO said.

How does a gambling site lose money? DraftKings just lost $250 million in revenue — mostly on NFL games.

Shares of DraftKings slid after reporting Q3 results, primarily because the company lowered its full-year revenue and adjusted EBITDA targets. The company blamed unfavorable NFL outcomes so far QTD in Q4 as the reason for the drop. In Q2, the company made a similar statement about MLB outcomes. The company is still retaining its expectations of $0.9-$1.0 billion in adjusted EBITDA in FY25, which represents nearly quadrupling profits - an unreasonable expectation.

DraftKings: Time To Sell, Its FY25 Guidance Targets Are An Unachievable Fantasy (Rating Downgrade)

DraftKings (DKNG) shares rebounded from early losses Friday after the company posted weaker-than-expected earnings, but offered a strong outlook for 2025.

DraftKings Stock Rebounds From Post-Earnings Plunge

Customer acquisition and its associated costs remain a double-edged sword for officials at DraftKings, according to co-founder and CEO Jason Robins. Third-quarter results released Thursday (Nov. 7) revealed a 39% increase in revenue to $1.1 billion, fueled by the return of the NFL season.

News for DraftKings Stock (DKNG)