DraftKings Inc. (DKNG)
| Market Cap | 16.75B |
| Revenue (ttm) | 4.77B |
| Net Income (ttm) | -507.29M |
| Shares Out | 499.96M |
| EPS (ttm) | -1.05 |
| PE Ratio | n/a |
| Forward PE | 61.85 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 7,741,185 |
| Open | 34.25 |
| Previous Close | 34.23 |
| Day's Range | 33.17 - 34.39 |
| 52-Week Range | 28.69 - 53.61 |
| Beta | 2.15 |
| Analysts | Strong Buy |
| Price Target | 55.44 (+65.49%) |
| Earnings Date | May 1, 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, daily fantasy sports, media, digital lottery courier, media, and other products, as well as retails sportsbooks. The company also offers iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGamin... [Read more]
Financial Performance
In 2024, DraftKings's revenue was $4.77 billion, an increase of 30.07% compared to the previous year's $3.67 billion. Losses were -$507.29 million, -36.76% less than in 2023.
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $55.44, which is an increase of 65.49% from the latest price.
News
These Gaming Stocks Are Under Pressure As Analyst Cuts Forecast On Macau Risk And Soft Vegas Data
BofA Securities analyst Shaun C. Kelley shared his first-quarter preview of the gaming sector Monday.
DraftKings: Excellent 2025 Momentum At An Attractive Valuation
DraftKings is seeing excellent and accelerating growth momentum. The momentum will likely continue in 2025 as the company's customer base swells. DraftKings bottom-line is also seeing a significant ri...
DraftKings' Oversold Status Triggers Rich Doubling Upside Potential - Reiterate Buy
DraftKings' reiterated FY2025 guidance, expanding gaming share, and cheap valuations underscore an excellent Buy rating, significantly aided by the recent correction. Recent earnings highlight excelle...
Gaming Stocks Heat Up for Spring Sports Slate
Spring sports are coming back, which Chad Beynon says signals the second highest betting season of the year behind the Super Bowl. He notes the variety of volatility in gaming stocks like DraftKings (...
DraftKings: A Pivotal 2025, Real Profits Ahead (Rating Upgrade)
DraftKings previously checked every red flag on my list, but with the stock down 30% and 2025 prospects, it's time to change the tone. Despite unprofitable quarters and high expenses, DraftKings' uniq...
DraftKings CEO on the March Madness betting surge
DraftKings CEO Jason Robins discusses the March Madness betting surge.
DraftKings CEO on March Madness: It's a great time for fans and a really important time for us
DraftKings CEO Jason Robins joins 'Squawk Box' to preview this year's NCAA men's basketball tournament, the March Madness betting surge, impact of NIL on college sports, and more.
DraftKings Renews State Council Funding Program and Expands Responsible Gaming Initiatives
BOSTON, March 05, 2025 (GLOBE NEWSWIRE) -- This Problem Gambling Awareness Month (PGAM), DraftKings Inc. (Nasdaq: DKNG) is reinforcing its commitment to Responsible Gaming through a series of initiati...
DraftKings Inc. (DKNG) Morgan Stanley Technology, Media & Telecom Conference (Transcript)
DraftKings Inc. (NASDAQ:DKNG) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2025 3:20 PM ET Company Participants Jason Robins - Co-Founder and Chief Executive Officer Conference...
DraftKings Announces Close of $600 Million Upsized Term Loan B Facility
BOSTON, March 04, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it has successfully closed on its senior secured term loan B credit facil...
DraftKings Announces Jason Robins' Participation in Upcoming Event
BOSTON, March 03, 2025 (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 ...
DoorDash and DraftKings still look reasonably priced, says Citi's Drew Pettit
Drew Pettit, Citi Research director of U.S. equity strategy, joins 'The Exchange' to discuss the winning growth stocks in 2025.
DraftKings Launches $500M Debt Raise. The Stock Is Down.
The online sports betting company is looking to get the money from institutional investors.
DraftKings Vs. Flutter: The Game Is Afoot, Super Bowl Boost Brings Top Market Share
DraftKings Inc. has matched FanDuel with 37% sports betting market share after a strong Super Bowl performance, boosting its stock by over 11%. The CEO has raised 2025 guidance, projecting EBITDA betw...
DraftKings 'Well Positioned For Double-Digit Revenue Growth,' Analysts Say
DraftKings Inc DKNG analysts are weighing in on the company's 2025 guidance and future after fourth-quarter results.
DraftKings Announces Launch of $500 Million Term Loan B Facility
BOSTON, Feb. 18, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced the launch of syndication for a proposed senior secured term loan B credit faci...
"Macro Tailwinds" for ABNB & DKNG Earnings
Alonso Munoz reacts to overnight earnings reports from Airbnb (ABNB) and DraftKings (DKNG). He says ABNB “crushed earnings” and sees “macro tailwinds” behind it.
CE 100 Index Gains 3% as DraftKings Soars After Earnings
In a week that was largely dominated by earnings reports, the CE 100 Index gained 3% as all pillars advanced. The Index's upward trajectory outpaced even the tech-heavy NASDAQ's gains.
DraftKings: Q4 Earnings, Bold 2025 Ambition But A Corresponding Valuation (Rating Downgrade)
DraftKings' Q4 financials were expectedly weak as NFL outcomes negatively affected the industry's hold percentage. Marketing expenses also returned to growth, but DraftKings showed great user growth a...
DraftKings: Incredible Customer Acquisition, Terrible Price (Rating Upgrade)
DraftKings achieved a significant "beat and raise" in Q4, boosting its share price by ~15%, driven by new customer acquisition and better sportsbook hold percentages. Upgrading DraftKings to neutral. ...
Macquarie's Chad Beynon weighs in on casino stocks hitting the jackpot
Chad Beynon, Macquarie U.S. Equity Research senior gaming, lodging, theatre analyst, joins 'Power Lunch' to discuss casino stock's upside gains and the strength in Macao business.
Are Cryptocurrency Payments in the Cards for DraftKings?
At the end of DraftKings' fourth-quarter earnings call Friday (Feb. 14), Co-founder and CEO Jason Robins was asked whether the company would ever accept cryptocurrency payments. “It's certainly someth...
DraftKings Inc. (DKNG) Q4 2024 Earnings Call Transcript
DraftKings Inc. (NASDAQ:DKNG) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shau...
Top 3 tailwinds that will drive growth for DraftKings in 2025
DraftKings Inc (NASDAQ: DKNG) is inching up this morning after recording a surprise profit for its fiscal fourth quarter as revenue jumped 13% on a year-over-year basis. But the company's chief execut...
DraftKings CEO Jason Robins: Lots of great tailwinds going into 2025
Jason Robins, DraftKings CEO, joins 'Closing Bell Overtime' ahead of the investor cal to talk quarterly results and what is ahead for the company.