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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.

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.

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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.

Creator of Top-Rated Sportsbook App Debuts Gaming App in the Keystone State Creator of Top-Rated Sportsbook App Debuts Gaming App in the Keystone State

DraftKings Launches Standalone Mobile Casino App in Pennsylvania

Investors should be aware that the company's market capitalization may be greater than what it first appears.

What Is DraftKings' Stock Actually Worth?

With legal roadblocks out of the way, DraftKings stock is an easy long-term buy. However, investors should wait out the pandemic for a better and more comfortable acquisition.

Don’t Try a Hail Mary on DraftKings Stock Just Yet

The company has picked a proven strategy to harness.

The Big Competitive Advantage DraftKings Shares With Facebook

DraftKings stock is pricey, but its potential is quite clear, particularly when sports get back into motion. Let's look at DKNG stock now.

Why DraftKings May Not Be a Buy Right Now

Gan Ltd

If someone told you last year that sports would largely shut down in 2020, you may have predicted that 2020 would be a bad year for businesses involved in sports wagering. Yet, the rapid legalization of sports wagering has not relented, which has fueled continued prosperity for iGaming businesses.

Despite Pandemic, New Sports Gambling And Online Gaming Market Entries Proliferate

DraftKings will soon report second-quarter results, but investors probably shouldn't put too much weight on those numbers because the April through June stretch of 2020 won't be comparable to the year-earlier period. As noted above, a typical second quarter for bettors and sportsbook operators alike would include plenty of MLB, NBA and NHL action as well as the NCAA Tournament Final Four and the Masters golf tournament.

As Near-Term Virus Headwinds Linger, Be Patient With DraftKings Stock

BOSTON, July  10, 2020  (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that it has notified the Nasdaq Stock Market of its intention to voluntarily delist its private placement warrants to purchase shares of DraftKings’ Class A common stock that were issued under the Warrant Agreement, dated as of May 10, 2019 (the “Warrant Agreement”), by and among Diamond Eagle Acquisition Corp. and Continental Stock Transfer & Trust Company, as warrant agent and transfer agent (as assigned to and assumed by DraftKings and Computershare Trust Company, N.A., a federally chartered trust company, and Computershare Inc., a Delaware corporation, as warrant agent and transfer agent). 

DraftKings Announces Voluntary Delisting of Warrants

Sports gambling is getting ever more popular, but DraftKings stock isn't a good bet as long as Covid-19 threatens pro sports leagues.
The post Inflated DraftKings Stock Is Not a Smart Bet Right Now appeared first on InvestorPlace.

Inflated DraftKings Stock Is Not a Smart Bet Right Now

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In mid-June, I argued that DraftKings stock was worth betting on, regardless of what happens to sports in the near term. Simply put, the long-term potential for sports betting on a global basis is enormous.

7 Hot Stocks to Stay Hot for Years to Come

The bullish case for online sports betting company Draftkings Inc (NASDAQ: DKNG) remains unchanged at a time when the resumption of professional sports is in question, according to Canaccord Genuity's Michael Graham.

Canaccord's Graham Defends Bullish DraftKings Rating On 'Fast Money'

DraftKings stock will continue to grow at a healthy clip, as major sports leagues resume operations, and online betting explodes.
The post DraftKings Stock Offers Long-Term Value as Online Gaming Explodes appeared first on InvestorPlace.

DraftKings Stock Offers Long-Term Value as Online Gaming Explodes

Temporary Location Set to Open Friday with Construction on Permanent Location Tracking for Completion by Start of Football Season Temporary Location Set to Open Friday with Construction on Permanent Location Tracking for Completion by Start of Football Season

DraftKings Retail Sportsbook Makes Colorado Debut at Mardi Gras Casino

DraftKings stock will likely fall in the coming weeks as investors wait for sports betting to bring in revenues for the company.
The post DraftKings Stock Will be a Volatile Play Until Sports Return appeared first on InvestorPlace.

DraftKings Stock Will be a Volatile Play Until Sports Return

If it weren’t for the pandemic, DraftKings stock would be an easy buy. Because of the coronavirus, though, DKNG suffers from too many question marks.

3 Reasons to Bench DraftKings Stock

DraftKings stock is offering compelling opportunities for bulls and bears, and here's are my top ideas for both as the hot IPO stock cools.
The post Why Red-Hot DraftKings Stock is Cooling appeared first on InvestorPlace.

Why Red-Hot DraftKings Stock is Cooling

Why Shares of DraftKings Plunged 16.2% in June

Draftkings has a solid plan to navigate the Covid-19 crisis, and if the NBA starts earlier than expected, Draftkings stock could advance.
The post DraftKings Stock Is Poised for Tipoff appeared first on InvestorPlace.

DraftKings Stock Is Poised for Tipoff

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It's been about 10 weeks since the DraftKings (NASDAQ: DKNG) initial public offering and while it's fair to say the stock is still hot, having more than tripled from its days as a special purpose acquisition company (SPAC) late last year, shares of the online sports betting firm are in the midst of the first pullback.

3 ETFs For DraftKings Exposure

DraftKing's stock has soared and now has a rich valuation. But it could be well worth the price given the rapid pivot to digital gaming amidst Covid-19.

DraftKings Will Prosper As More States Legalize Online Gaming

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Special purpose acquisition companies (SPACs) and blank check companies have been all the rage in the market this year.

5 SPAC and Blank Check Stocks That Have Exploded Higher in 2020

DraftKings stock has done well with people staying at home, but for it to see real growth, we need to see a return of sports to bet on.
The post For DraftKings Stock, A Lot Rides on the Return of Sports appeared first on InvestorPlace.

For DraftKings Stock, A Lot Rides on the Return of Sports

Can DraftKings Be the Netflix of Online Betting?

On Wednesday morning’s Benzinga PreMarket Prep show, co-host Dennis Dick discussed a strange situation that is unfolding with Draftkings Inc (NASDAQ: DKNG) warrants.

DraftKings Warrant Holders Hit The Jackpot After Confusing Changes To Expiration Date

Major League Eating Tradition Occurring on July 4, 2020: DraftKings Offering $25K Free-to-Play Pool based on Event Major League Eating Tradition Occurring on July 4, 2020: DraftKings Offering $25K Free-to-Play Pool based on Event

News for DraftKings Stock (DKNG)