DraftKings Inc. (DKNG)
| Market Cap | 21.36B |
| Revenue (ttm) | 4.61B |
| Net Income (ttm) | -417.06M |
| Shares Out | 487.63M |
| EPS (ttm) | -0.87 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,337,461 |
| Open | 43.66 |
| Previous Close | 43.21 |
| Day's Range | 42.98 - 44.25 |
| 52-Week Range | 28.69 - 49.57 |
| Beta | 1.82 |
| Analysts | Strong Buy |
| Price Target | 50.37 (+15.0%) |
| Earnings Date | Nov 7, 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 27 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $50.37, which is an increase of 15.00% from the latest price.
News
DraftKings earnings, PFL goes international: YF Sports Report
Who knew betting on the NFL would cost DraftKings (DKNG) $250 million? On this week's episode of Yahoo Finance Sports Report, host Joe Pompliano takes a look at the sports betting giant and breaks dow...
DKNG on "Treadmill That Will Never Stop" in Sports Betting Space
According to @LikeFolio's Andy Swan, sports betting trades are a double-edged sword. For one, he expects legalization in several states to serve as a tailwind.
Chief Future Officer: Alan Ellingson, DraftKings
Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. This episode profiles DraftKings CFO Alan Ellingson: the online...
DraftKings Thrives as Sports Betting Booms
Since a 2018 Supreme Court decision legalized sports betting in the US, it's become a $10 billion industry. Boston-based DraftKings is a leader in the sector.
How DraftKings Gets an Edge from AI
Online sports betting operator DraftKings processes data from millions of users, with an eye to developing better products as well as reinforcing trust and safety. On Bloomberg Chief Future Officer, C...
DraftKings stock price inverse H&S points to a 15% pop
DraftKings stock price has rallied for seven consecutive days, reaching its highest level since June 20 after publishing better earnings than expected. DKNG shares jumped to a high of $43, up by over ...
3-Stock Lunch: Cigna, Coinbase, & Draft Kings
Victoria Greene, G Squared Private Wealth CIO, joins CNBC's 'Power Lunch' to discuss three stocks: Cigna, Coinbase, and Draft Kings.
How does a gambling site lose money? DraftKings just lost $250 million in revenue — mostly on NFL games.
The company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen,” its CEO said.
2025 will be a 'bigger year for us': DraftKings CEO
Sports betting platform DraftKings (DKNG) reported its third quarter results, falling short of revenue estimates. The company also reduced its full-year sales and profit outlook.
DraftKings: Time To Sell, Its FY25 Guidance Targets Are An Unachievable Fantasy (Rating Downgrade)
Shares of DraftKings slid after reporting Q3 results, primarily because the company lowered its full-year revenue and adjusted EBITDA targets. The company blamed unfavorable NFL outcomes so far QTD in...
DraftKings Would Expand Outside of Sports If Legal: CEO
Bloomberg's Caroline Hyde and Ed Ludlow discuss the future of the CHIPS Act as Donald Trump returns to Presidency and DraftKings CEO Jason Robins joins on their latest earnings and revised forecasts. ...
DraftKings Stock Rebounds From Post-Earnings Plunge
DraftKings (DKNG) shares rebounded from early losses Friday after the company posted weaker-than-expected earnings, but offered a strong outlook for 2025.
DraftKings Eyes Expansion Into New Markets as It Balances Growth, User Acquisition
Customer acquisition and its associated costs remain a double-edged sword for officials at DraftKings, according to co-founder and CEO Jason Robins. Third-quarter results released Thursday (Nov. 7) re...
DraftKings Guidance Hit By Unfavorable NFL Outcomes: Analysts Focused On 2025
DraftKings Inc DKNG analysts highlight the long-term outlook and opportunities after the company lowered fourth-quarter and full-year guidance Thursday.
DraftKings Inc. (DKNG) Q3 2024 Earnings Call Transcript
DraftKings Inc. (NASDAQ:DKNG) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shaun...
Options Trades on DKNG, MGM
Alex Coffey discusses a record week for markets and ventures into the gambling sector, placing example trades on DraftKings (DKNG) and MGM Resorts (MGM). ======== Schwab Network ======== Empowering ev...
DraftKings CEO on Earnings, Company's Gamble on Turnaround Story
Jason Robins, CEO of DraftKings (DKNG), joins Oliver Renick to discuss the direction of the company after reporting mixed earnings. Jason believes DraftKings will move in an uptrend, saying "people ar...
DraftKings CEO Jason Robins goes one-on-one with Jim Cramer
DraftKings Co-Founder and CEO Jason Robins joins 'Mad Money' host Jim Cramer to talk quarterly results, sports betting legalization and more.
We're going to have a strong 2025, says DraftKings CEO
DraftKings Co-Founder and CEO Jason Robins joins 'Mad Money' host Jim Cramer to talk quarterly results, sports betting legalization and more.
DraftKings CEO says sports betting industry is at 'important inflection point'
DraftKings CEO Jason Robins said the sports betting industry is at a turning point as more people across the country realize they can gamble legally. "We're at a very, you know, important inflection p...
DraftKings cuts full-year outlook, citing unfavorable sports-betting outcomes
DraftKings stock falls as “customer-friendly” sports outcomes early in the current quarter led to a lowered full-year revenue outlook.
DraftKings Q3 Highlights: Revenue Miss, 2024 Guidance Trim, First 2025 Outlook, CEO Reaffirms Focus On 'Sustainable Revenue Growth'
Sports betting and iGaming company DraftKings Inc DKNG reported third-quarter financial results after market close Thursday.
DraftKings Reports Third Quarter Revenue Growth of 39% to $1,095 Million; Introduces Fiscal Year 2025 Revenue Guidance of $6.2 Billion to $6.6 Billion and Reiterates Fiscal Year 2025 Adjusted EBITDA Guidance of $900 Million to $1.0 Billion
BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced results for the third quarter of 2024. The Company also posted a third quarter ...
DraftKings Q3 Earnings Highlights: NFL In Focus, Will Missouri Legalization Factor Into Guidance?
Sports betting and online gaming company DraftKings Inc DKNG could highlight early results from the 2024 NFL season and new state legalizations when the company reports third-quarter financial results...
DraftKings Stock To Hit New 52-Week Highs? Bullish Analyst On 2025 Guidance, Upside Opportunity
DraftKings Inc DKNG analyst sees areas of opportunity for the sports betting company to surprise with financial guidance in third-quarter earnings as the company competes with FanDuel for market share...