DraftKings Inc. (DKNG)
| Market Cap | 17.69B |
| Revenue (ttm) | 5.00B |
| Net Income (ttm) | -398.58M |
| Shares Out | 496.29M |
| EPS (ttm) | -0.82 |
| PE Ratio | n/a |
| Forward PE | 55.45 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,206,481 |
| Open | 35.70 |
| Previous Close | 35.08 |
| Day's Range | 34.99 - 35.89 |
| 52-Week Range | 28.69 - 53.61 |
| Beta | 1.89 |
| Analysts | Strong Buy |
| Price Target | 54.92 (+54.12%) |
| Earnings Date | May 8, 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 24 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $54.92, which is an increase of 54.12% from the latest price.
News
DraftKings: Keep Your Eyes On The Profitability Prize
DraftKings is nearing profitability, potentially as soon as 2025, driven by improving margins and disciplined cost management. Despite a slightly disappointing Q1, DraftKings is gaining market share a...
These Analysts Slash Their Forecasts On DraftKings After Q1 Results
DraftKings Inc DKNG reported downbeat first-quarter financial results after market close Thursday.
Investors Look Past DraftKings' Weak March Madness
DraftKings CEO Jason Robins discusses how an unusual March Madness impacted the sports betting company and how it is preparing for the future. Robins speaks with Caroline Hyde and Ed Ludlow on “Bloomb...
March Madness winnings drag on DraftKings outlook: CEO weighs in
DraftKings missed first quarter expectations and lowered its full-year revenue forecast, citing a lack of upsets during March Madness that led to more customer wins. DraftKings CEO Jason Robins joins ...
DraftKings CEO Jason Robins on shutdown of Texas online lottery business
DraftKings CEO Jason Robins said Friday that the shutdown of its online lottery in Texas is disappointing but impacts just a small part of the overall business.
Unfavorable Sports Outcomes Have Negatively Affected DraftKings' Outlook: Analyst
Needham analyst Bernie McTernan maintained a Buy rating on DraftKings Inc. DKNG and reiterated the $65 price forecast following the first quarter results reported on Thursday.
US-China trade talks, tariffs, DraftKings CEO: Catalysts
Catalysts anchor Madison Mills and guest host Peter Tchir, Academy Securities' head of macro strategy, take on the day's biggest market and economic stories in the first full trading hour of Friday, M...
DraftKings Cuts 2025 Outlook, Says Favored Teams Winning Drives Lower Margins
It's said the house always wins in gambling. But as sports betting and iGaming statistics and algorithms continually improve, the favorite often wins, too.
DraftKings CEO: No structural changes need for now to account for volatility in game outcomes
CNBC's Contessa Brewer joins DraftKings CEO and co-founder, Jason Robins, to discuss the company's most recent earnings, longterm outlooks for gambling, and more.
DraftKings (DKNG) Q1 2025 Earnings Call Transcript
DraftKings Inc. (NASDAQ:DKNG) Q1 2025 Earnings Conference Call May 9, 2025 8:30 AM ET Company Participants Jason Robins - Chief Executive Officer Alan Ellingson - Chief Financial Officer Michael DeLa...
DraftKings says lack of March Madness upsets kept it from raising its forecast, but shares rally
Sports-betting platform DraftKings Inc. reported a narrower-than-expected loss for the first quarter, but said that “customer-friendly sport outcomes in March” — that is, people winning bets — kept it...
DraftKings Q1 Earnings Highlights: Revenue Miss, EPS Miss, Guidance Cut After Bettors Beat The House
Sports betting company DraftKings Inc DKNG reported first-quarter financial results after market close Thursday.
DraftKings Reports First Quarter Revenue of $1,409 Million
BOSTON, May 08, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2025 financial results. The Company also posted a letter to sh...
Top stocks forecasts ahead of earnings: Toast, Pinterest, Affirm, DraftKings
The ongoing earnings season has been relatively muted as investors believe the results were transitory because the business happened ahead of Trump's tariffs. As such, most stocks have not had the sig...
DraftKings: I Am Finally Upgrading My Investment Outlook To Bullish, Here's Why
DraftKings is poised for significant growth as it transitions to profitability in 2025, driven by a rapidly expanding customer base that grew 42.25% YoY in 2024. Strategic investments in technology, d...
DraftKings May Trim 2025 Forecast Amid Texas Jackpocket Shutdown: Analyst
BofA analyst Shaun C. Kelley reiterated a Buy rating on DraftKings Inc. DKNG stock on Tuesday, with a price forecast of $60.00.
DraftKings to Release First Quarter 2025 Results on May 8, 2025 and Host Conference Call on May 9, 2025
BOSTON, April 21, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2025 results after the close of market ...
DraftKings: A Baby Thrown Out With The Tariff Bathwater
DraftKings generates $4.3B in annual revenue, set to grow alongside the expanding industry. Maintaining the 38% market share over the next five years is key in positioning DKNG for substantial busines...
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.