DraftKings Inc. (DKNG)
| Market Cap | 21.98B |
| Revenue (ttm) | 4.07B |
| Net Income (ttm) | -547.56M |
| Shares Out | 476.22M |
| EPS (ttm) | -1.17 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 9,523,885 |
| Open | 44.75 |
| Previous Close | 44.13 |
| Day's Range | 44.62 - 46.17 |
| 52-Week Range | 22.65 - 49.57 |
| Beta | 1.87 |
| Analysts | Strong Buy |
| Price Target | 49.21 (+6.63%) |
| Earnings Date | May 2, 2024 |
About DKNG
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. In addition, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curate... [Read more]
Financial Performance
In 2023, DraftKings's revenue was $3.67 billion, an increase of 63.60% compared to the previous year's $2.24 billion. Losses were -$802.14 million, -41.79% less than in 2022.
Financial StatementsAnalyst Forecast
According to 28 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $49.21, which is an increase of 6.63% from the latest price.
News
DraftKIngs Q1 earnings shows revenue increased over 50%
DraftKings (DKNG) posted first-quarter earnings results, showing revenue increased over 50% year-over-year. According to the report, part of their success is due in part to stronger-than-expected cust...
DraftKings Isn't Gambling on Its Innovation-Fueled Customer Acquisition Strategy
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 Frida...
DraftKings posts surge in revenue, hikes full-year sales guidance
DraftKings Inc. rang up a huge spike in revenue and raised its full-year sales guidance on Thursday, sending its stock up 3% in extended trading.
DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2024 financial results. The Company also posted a first quarte...
Moody's, Booking, DraftKings, Amgen stocks in focus ahead of earnings
American stocks were mixed on Wednesday as the earnings season continued and as investors waited for the latest Federal Reserve decision. The Dow Jones rose by over 65 points while the S&P 500 and Nas...
Lori Kalani to Join DraftKings as First Chief Responsible Gaming Officer
BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive offic...
DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024
BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2024 results after the close of market ...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
NEW YORK, April 12, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ: DKNG). Such investors are advised to ...
Sportsbooks report record betting throughout the March Madness tournament
CNBC's Contessa Brewer reports on the stocks set to benefit from March Madness.
DraftKings Inc. (DKNG) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
NEW YORK--(BUSINESS WIRE)---- $DKNG #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. (“DraftKings” or...
DraftKings and MGM Find New Gaming Frontier in Brazil
Some of the sports betting world's biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America's la...
U.S. vs China: Gaming Stocks
How are major sporting events impacting gambling stocks? Chad Beynon and Zach Warring discuss this.
DraftKings, Flutter shares fall as NCAA pushes states to ban prop bets on college athletes
In the midst of March Madness, the NCAA is pushing for states with legal wagering on sporting events to ban prop bets on college athletes.
Largest U.S. sportsbooks join forces to tackle problem gambling
CNBC's Contessa Brewer joins 'Squawk Box' to report on the latest news from the nation's largest gaming companies.
U.S. sportsbooks come together on responsible gaming
Online gaming is in focus this morning after seven of the largest U.S. based names in that space came together to form ROGA – the Responsible Online Gaming Association. Which of the seven U.S.
It's Time to Bet on Sports Gambling, Analyst Says. DraftKings Is Only One Play.
Shares of Penn Entertainment, MGM Resorts, and DraftKings are initiated with Buy recommendations by Mizuho.
DraftKings is showing this ‘powerful sign' that could help boost its stock 20%
DraftKings Inc.'s stock has been a big recent winner, rising nearly 170% over the past 12 months. But there's still room to run, according to a new bull.
Fanatics fires back at DraftKings' claims of corporate espionage in bitter legal battle
In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.
Report: Rush Street Interactive Approaching Potential Buyers, Including DraftKings
Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options. The company's representatives have approached potential buyers, Bloomberg reported Thursday...
DraftKings and Kindbridge Behavioral Health Expand Program That Provides Treatment Resources for Individuals Experiencing Potential Indications of Problem Gaming
All 25 states where DraftKings operates online gaming now include program benefits for self-excluded players All 25 states where DraftKings operates online gaming now include program benefits for self...
DraftKings CFO Park to Become Chief Transformation Officer
Park joined as CFO in 2019, and oversaw its transition to the public markets, DraftKings said. Prior to joining DraftKings, Park worked at Bain Capital Private Equity.
DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies
Jason Park to Become Chief Transformation Officer, Alan Ellingson to be Elevated to Chief Financial Officer Jason Park to Become Chief Transformation Officer, Alan Ellingson to be Elevated to Chief Fi...
DraftKings Launches “My Stat Sheet” – A New Tool to Promote Responsible Gaming
New Feature Provides Customers with Access to Personalized Gaming Statistics and Insights New Feature Provides Customers with Access to Personalized Gaming Statistics and Insights
DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11
BOSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced plans to launch its top-rated online sportsbook in North Carolina on March 11, 2024. This announcement is the...
DraftKings Announces Jason Robins' Participation in Upcoming Event
BOSTON, March 06, 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 ...