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Revenue segments as reported by the company.

Online Gaming

Gaming Software

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

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Margins

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

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Year over year growth in Revenue and Operating Expenses.

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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.

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EBITDA

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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.

Flutter Entertainment PLC

This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.

DraftKings and FanDuel Stocks Drop on Sports Betting Tax Hike

DraftKings Inc is down close to 10% in premarket on Tuesday after Illinois passed a legislation related to a sports-betting tax hike. Here's what Illinois legislation means for $DKNG Illinois will now impose the second highest tax on sports betting companies.

DraftKings hit by Illinois sports betting bill

Shares of DraftKings and FanDuel owner Flutter Entertainment traded lower on Tuesday after the Illinois Senate passed a bill that includes a sports-betting tax hike.

DraftKings and FanDuel parent hit by Illinois sports-tax legislation

DraftKings (DKNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Is Trending Stock DraftKings Inc. (DKNG) a Buy Now?

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A former DraftKings executive has asked a U.S. appeals court to overturn a judge's order last month that severely restricted the type of work he could do after he joined sports betting rival Fanatics.

Ex-DraftKings executive appeals restrictions on work at Fanatics

DraftKings' share price has jumped 25% this year, outperforming the broader market as it continues to rapidly gain new users. The company's recent launches in North Carolina and Vermont added ~10% more users than the company initially expected. DraftKings has a large addressable market, improving customer acquisition costs, and offers a wide range of sports and gaming options.

DraftKings: Tailwinds On All Sides

Unlocks Access to the U.S. Digital Lottery Industry and Significant Cross-Sell Capabilities Unlocks Access to the U.S. Digital Lottery Industry and Significant Cross-Sell Capabilities

DraftKings Completes Acquisition of Jackpocket

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DraftKings (DKNG) has been choppy since its Mar. 27 two-year high of $49.57, with 2.8% post-earnings bear gap on May 3 not helping matters. Last seen down 3.3% to trade at $42.42 and on track for a fourth loss in the last five days, the silver lining is that this pullback has the stock near a historically bullish trendline.

Buy The Dip On This Sports Betting Stock

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The ideal scenario for this option trade is a rally to 50 around June 21 with stable or rising implied volatility.

Traders Can Bet On DraftKings With Risk-Controlled Option Strategy

Revenue soared to $1.18 billion, a 53% increase from the previous year, exceeding estimates. Adjusted EPS turned positive at $0.03, beating the ($0.29) estimate.

DraftKings' Q1 Earnings Exceed Expectations

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DraftKings grew its revenue 53% in Q1, but competitor FanDuel reportedly grew 56%. So who's the real leader in online sports gambling today?

DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst

The mobile gaming company is making giant strides toward profitability.

DraftKings Stock Analysis: Hold, Sell, or Buy?

Analysts at Benchmark slightly raised the firm's price target to $52 following a beat-and-raise quarter. DraftKings beat revenue expectations, and management raised guidance for the full year.

1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42?

When it comes to gambling, over a long enough time frame, the house always wins. And that appears to be the case with daily fantasy sports contest and sports betting company DraftKings, which on Friday (May 3) reported that its revenue had grown 53% year-over-year in the first quarter of 2024.

DraftKings Isn't Gambling on Its Innovation-Fueled Customer Acquisition Strategy

DraftKings Inc (NASDAQ:DKNG) shares moved higher in premarket trade after the fantasy sports betting business upped its full-year revenue guidance on the back of a strong first quarter. The company raised its fiscal 2024 revenue guidance for $4.9 billion from $4.78 billion at the midpoint and its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) projection to $500 million from $460 million.

DraftKings raises full-year revenue guidance on strong Q1

DraftKings NASDAQ: DKNG  is a prominent player in the online sports entertainment and gaming industry. Draft Kings' earnings report for the first quarter of 2024 was recently released, showcasing impressive financial performance and solidifying its position as a leader in the rapidly expanding consumer discretionary market.

DraftKings Q1: Strong Customer Acquisition and Product Innovation

DraftKings (DKNG) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.87 per share a year ago.

News for DraftKings Stock (DKNG)