DraftKings Inc. (DKNG)
Market Cap | 19.68B |
Revenue (ttm) | 4.61B |
Net Income (ttm) | -417.06M |
Shares Out | 487.63M |
EPS (ttm) | -0.87 |
PE Ratio | n/a |
Forward PE | 136.09 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 12,510,852 |
Open | 38.90 |
Previous Close | 39.40 |
Day's Range | 38.85 - 40.62 |
52-Week Range | 28.69 - 49.57 |
Beta | 1.86 |
Analysts | Strong Buy |
Price Target | 50.72 (+25.7%) |
Earnings Date | Feb 13, 2025 |
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 25 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $50.72, which is an increase of 25.70% from the latest price.
News
DraftKings: Positioned For Growth - Here's Why You Should Buy Now
There are reasons to be optimistic in 2025 and beyond, including the company's improving financials and the potential to enter more states with gambling and sports betting. DraftKings missed Q3 2024 r...
DraftKings: Odds Are In Investor's Favor
In 3Q24, DKNG saw 39% y/y revenue growth, improved operating margin to -27.21%, and a 14% surge in new players. Overall, the industry continues to expand as more states legalize online gaming. Total m...
DraftKings Forms Golden Cross: A Bullish Bet To $55
DraftKings Inc DKNG is rolling the dice on a strong technical setup.
DraftKings Inc. (DKNG) CEO Jason Robins Hosts Craig-Hallum's 4th Annual Online Gaming Conference (Transcript)
DraftKings Inc. (NASDAQ:DKNG) Craig-Hallum's 4th Annual Online Gaming Conference Call December 2, 2024 9:00 AM ET Company Participants Jason Robins - Founder & Chief Executive Officer Conference Call...
DraftKings Announces Jason Robins' Participation in Upcoming Event
BOSTON, Nov. 29, 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 p...
DraftKings: Riding The Sports Betting Wave
DraftKings shows strong Q3 earnings with 39% YoY revenue growth, despite regulatory and tax headwinds impacting the sports betting industry. The investment thesis hinges on DKNG's aggressive marketing...
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.