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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.

DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

DraftKings (DKNG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

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.

Wall Street Analysts See DraftKings (DKNG) as a Buy: Should You Invest?

Analysts at the Bank of America have lowered their price target on Draftkings Inc (NASDAQ:DKNG) to $50 ahead of the fantasy sports contest and sports betting company's second quarter earnings report, due on August 1 after the market close. Shares DraftKings traded hands at about $38 on Tuesday.

DraftKings quarterly earnings miss expected as focus shifts to 2024 guidance

DraftKings says it plans to launch its online sportsbook in Washington, D.C. Assuming it gets the license and regulatory approval it needs, DraftKings would make the nation's capital its 29th North American market, the company said in a Tuesday (July 23) press release.

DraftKings Bringing Online Sportsbook to Washington DC

BOSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced its intention to launch its top-rated online sportsbook in Washington D.C., pending licensure and regulatory approvals. The expected arrival into the nation's capital follows a market access agreement with D.C. United, which would pave the way for the digital sports entertainment and gaming company to operate in The District of Columbia. Once live, Washington D.C. would become the 29th jurisdiction in North America in which the DraftKings Sportsbook operates.

DraftKings Plans to Launch Mobile Sports Betting in Washington D.C.

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LAS VEGAS, July 22, 2024 (GLOBE NEWSWIRE) -- Musburger Media today announced it has purchased VSiN, The Sports Betting Network (“VSiN”), from DraftKings Inc. (Nasdaq: DKNG). Original VSiN founders Brian Musburger and Bill Adee, who were part of the team that previously launched and led the multi-platform broadcast and content company, will lead it moving forward.

Musburger Media Purchases VSiN, The Sports Betting Network

BofA Securities analyst Shaun Kelley trimmed his price target on DraftKings to $50 from $54, but kept a Buy rating.

DraftKings Could Have a Tough Quarter. One Analyst Is 'Ready for Some Football.

The latest trading day saw DraftKings (DKNG) settling at $36.93, representing a +0.71% change from its previous close.

Why the Market Dipped But DraftKings (DKNG) Gained Today

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DraftKings currently operates its sportsbook in 27 states. Acquiring Jackpocket should open new chances for DraftKings to cross-sell its products.

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BOSTON, July 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2024 results after the close of market trading on Thursday, August 1, 2024.

DraftKings to Release Second Quarter 2024 Results on August 1, 2024 and Host Conference Call on August 2, 2024

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Analysts are concerned about tax rate increases on sports gambling wins, but top operators have defenses in geography. DraftKings Inc. and FanDuel control 70% of the sports betting market share, with potential for consolidation of fringe sites. DraftKings expected to turn profitable by Q3 24, with potential for significant growth and profitability in the future.

DraftKings: State And League Tax And Fee Greed Do Not Challenge FCF Performance

Most of DraftKings' markets are just now fully ready to produce consistent operating income. Most state-level taxation of the betting business will remain profit-based at reasonable tax rates.

Is It Too Late to Buy DraftKings Stock?

In the latest trading session, DraftKings (DKNG) closed at $36.64, marking a -0.27% move from the previous day.

DraftKings (DKNG) Stock Drops Despite Market Gains: Important Facts to Note

Taxation has become a critical factor for the gambling industry in the United States, impacting operators' profitability and market strategies. According to a recent note from Berenberg, the introduction of progressive tax rates in Illinois has underscored the significant cost burden that taxes impose on gambling companies.

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DraftKings is a high-growth company with positive trends, making it a good long-term investment opportunity. The US online sports betting market is expected to grow at a 14% CAGR, creating an attractive industry for DraftKings and FanDuel. DraftKings is in a competitive position with FanDuel, showing potential for profitability and growth in the future.

DraftKings: A Bet On Growth And Potential Profitability In The Expanding Sports Betting Market

DraftKings Inc. stock appears to be a pointless investment due to recent volatility, but sticking with the thesis may lead to rewards. DraftKings Inc. is projected to grow at a 37% CAGR in 2024, with revenue expected to exceed $5 billion, driven by strategic acquisitions and innovation. Despite a net debt of approximately $400 million, DraftKings is expected to generate $500 million in free cash flow by early 2025, with a price target of $65 per share by summer 2025.

DraftKings Stock: Thrown Out With The Bathwater, Why I'm Long

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3 Online Sports Betting Stocks That Look Like Likely Winners

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DraftKings (DKNG) concluded the recent trading session at $37.67, signifying a -0.87% move from its prior day's close.

DraftKings (DKNG) Stock Falls Amid Market Uptick: What Investors Need to Know

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News for DraftKings Stock (DKNG)