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Online Gaming

Gaming Software

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

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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.

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

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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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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.

BOSTON, April 05, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that it has acquired Blue Ribbon Software Ltd., a Tel Aviv-based leading global jackpot and gamification company (“BlueRibbon”) that provides platform-agnostic, real-time gamification tools that allow for fully customizable jackpot promotions. DraftKings will now be able to enhance the customer experience by integrating BlueRibbon's unique jackpot functionality, including personalized promotions and rewards tailored to the individual customer or jackpots that pay out across DraftKings' various product offerings.

DraftKings Acquires BlueRibbon, Tel Aviv-Based Leading Global Jackpot and Gamification Company

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Gambling stocks may just be at the beginning of a growth curve, as sports betting and online gambling becomes legal in more and more places. The post Best Gambling Stocks of 2021 appeared first on InvestorPlace.

Best Gambling Stocks of 2021

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These 2 Nasdaq Winners Were Smart Bets Tuesday

One major analyst thinks acquiring the broadcasting network will boost DraftKings' profits long-term.

DraftKings Snaps Up Vegas Sports Information Network

Online sports betting operator DraftKings announced its first acquisition since becoming a public company. What Happened: In a push for content and customers, Draftkings Inc (NASDAQ: DKNG) is acquiring Vegas Stats & Information Network, better known as VSiN.

DraftKings Acquires VSiN In Push For Content And Customers: What Investors Should Know

Revolve

DraftKings and Revolve Group have digital edges in sports betting and fashion retail.

Got $500? These 2 Growth Stocks Could Double It

A deal for a betting content network makes perfect sense for the fantasy sports and wagering specialist.

DraftKings Keeps Betting on Itself

DraftKings (DKNG) stock is starting to recover from its fall on Monday with two new pieces of news behind its positive movement on Tuesday. The post DKNG Stock: 2 Reasons Why DraftKings Stock Is Recovering From Yesterday's Tumble appeared first on InvestorPlace.

DKNG Stock: 2 Reasons Why DraftKings Stock Is Recovering From Yesterday's Tumble

The star investment manager apparently sees this sportsbook as a good bet.

2 Cathie Wood ETFs Buy More DraftKings Stock

BOSTON, March 30, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that it has acquired Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company delivering trusted sports betting news, analysis, and data to U.S. sports bettors since 2017. The acquisition will enable DraftKings, which is live with mobile and/or retail sports betting in 14 states, to further build out its content capabilities and will augment VSiN's ability to broaden their audience alongside the expansion of legal sports betting in the U.S.

DraftKings Acquires VSiN, Multi-Platform Sports Betting Broadcast and Content Company

Netflix

Peloton

Roku

Cathie Wood's Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm's ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session.

Apple, Netflix, Peloton, Square, Roku, DraftKings - What Cathie Wood's Ark Bought And Sold On Monday

Online sports betting in New York is no longer the slam dunk it was once thought to be.

Why DraftKings Tumbled 8.5% Today

States are falling over each other in the scramble to offer sports betting and online wagering. Betting on DKNG stock a sure thing.

The Tailwinds Are Too Powerful To Ignore for DraftKings

DraftKings enjoys a strong position in the online gaming industry and has enough liquidity to justify DKNG stock price. The post Bet Big on DraftKings to Replicate 2020 Success appeared first on InvestorPlace.

Bet Big on DraftKings to Replicate 2020 Success

World Wrestling Entertainment

One of the leading online sports betting companies is continuing to add to its list of sports league deals with an announcement Monday. What Happened: DraftKings Inc (NASDAQ: DKNG) and World Wrestling Entertainment Inc (NYSE: WWE) entered into an agreement to make the sports betting company the official gaming partner of the WWE.

DraftKings Steps Into The Ring With WWE

DraftKings has been an excellent performer amid the onslaught in high-growth stocks. Let's see if we can get DKNG stock on a discount too.

Bet on a DraftKings Dip? Let's Hope for One to Buy

The sports betting company will launch the inaugural free-to-play pool at the upcoming WrestleMania event.

DraftKings Signs Exclusive Deal With WWE

BOSTON & STAMFORD, Conn.--(BUSINESS WIRE)--DraftKings (Nasdaq: DKNG) and WWE (NYSE: WWE) today announced that DraftKings will become an Official Gaming Partner of WWE, subject to regulatory approval in all applicable jurisdictions. The collaboration centers on DraftKings' popular free-to-play pools product and will launch with an inaugural free-to-play pool at WWE's two-night pop culture extravaganza, WrestleMania, on April 10 and 11. “As a cultural icon and incredible sports and entertainment

DraftKings and WWE Enter Historic New Deal

Caesars Entertainment

Although it was carried on across the United States every single day of the year, sports betting was only legal in Nevada and Delaware.

Online Sports Betting Is On Fire: Grab These Top Stocks to Buy Now

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Churchill Downs

FuboTV

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Spanning the gamut of casinos, online gambling, and sports betting.

The 10 Largest Gambling Stocks of 2021

After reaching the highs of $64 in October 2020, Draft Kings stock has gained just 12% despite the company increasing its U.S. iGaming market's projection from $21 billion in March 2020 to $40 billion as per a recent investor presentation. The sizable jump in the total addressable market has.

Draft Kings Stock Looks Expensive

BOSTON, March 24, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that Jason Robins, co-founder, Chief Executive Officer and Chairman of the Board, will participate in the following conference:

DraftKings Announces Jason Robins' Participation in Upcoming Virtual Conference

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Snowflake

With the trading day about halfway over, the broad markets had pulled back slightly.

News for DraftKings Stock (DKNG)