DraftKings Inc. (DKNG)

NASDAQ: DKNG · Real-Time Price · USD
40.35
+0.95 (2.41%)
At close: Dec 20, 2024, 4:00 PM
40.40
+0.05 (0.12%)
After-hours: Dec 20, 2024, 7:59 PM EST
2.41%
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]

Industry Gambling
Founded 2012
Employees 4,200
Stock Exchange NASDAQ
Ticker Symbol DKNG
Full Company Profile

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 Statements

Analyst 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.

Price Target
$50.72
(25.70% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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...

3 days ago - Seeking Alpha

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...

5 days ago - Seeking Alpha

DraftKings Forms Golden Cross: A Bullish Bet To $55

DraftKings Inc DKNG is rolling the dice on a strong technical setup.

15 days ago - Benzinga

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...

19 days ago - Seeking Alpha

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...

22 days ago - GlobeNewsWire

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...

4 weeks ago - Seeking Alpha

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...

5 weeks ago - Yahoo Finance

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.

5 weeks ago - Schwab Network

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...

5 weeks ago - Bloomberg Markets and Finance

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.

5 weeks ago - Bloomberg Markets and Finance

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...

5 weeks ago - Bloomberg Markets and Finance

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 ...

5 weeks ago - Invezz

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.

Other symbols: CICOIN
5 weeks ago - CNBC Television

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.

6 weeks ago - Market Watch

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.

6 weeks ago - Yahoo Finance

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...

6 weeks ago - Seeking Alpha

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. ...

6 weeks ago - Bloomberg Technology

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.

6 weeks ago - Investopedia

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...

6 weeks ago - PYMNTS

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.

6 weeks ago - Benzinga

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...

6 weeks ago - Seeking Alpha

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...

Other symbols: MGM
6 weeks ago - Schwab Network

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...

6 weeks ago - Schwab Network

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.

6 weeks ago - CNBC Television

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.

6 weeks ago - CNBC Television