DraftKings Inc. (DKNG)
| Market Cap | 17.90B |
| Revenue (ttm) | 4.07B |
| Net Income (ttm) | -547.56M |
| Shares Out | 484.62M |
| EPS (ttm) | -1.17 |
| PE Ratio | n/a |
| Forward PE | 408.11 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 7,593,792 |
| Open | 37.11 |
| Previous Close | 37.30 |
| Day's Range | 36.64 - 37.54 |
| 52-Week Range | 24.97 - 49.57 |
| Beta | 1.80 |
| Analysts | Strong Buy |
| Price Target | 49.11 (+32.95%) |
| Earnings Date | Aug 1, 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 28 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $49.11, which is an increase of 32.95% from the latest price.
News
Americas Gambling & Betting Sponsorship Sector Report 2024, with Case Studies on UFC and DraftKings
Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Sponsorship Sector Report - Gambling & Betting Americas 2024" report has been added to ResearchAndMarkets.com's offering. This report provides an overvie...
DraftKings Stock Can Overcome 'Wall Of Worry Around Various Regulatory Risks' Analyst Says: Sizing Up Illinois Taxes, Jackpocket Acquisition
Leading sports betting company DraftKings Inc DKNG was sized up by an analyst in a new note with a look ahead at the impact of the acquisition of digital lottery company Jackpocket.
DraftKings Emerging As A Leader In $35B North American Online Betting Market, Analyst Says
Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target.
DKNG, FLUT Reaction to Sports Betting Tax is Overdone
The “math and checks suggest the reaction is overdone,” notes Jefferies on DKNG and FLUT reaction to the Illinois news. Jefferies views the Illinois tax as “relatively state-specific.
Draftkings shares fall on gaming tax fears
CNBC's Contessa Brewer joins 'Power Lunch' to discuss DraftKings shares falling and gaming stocks reaction to state tax hikes.
DraftKings Stock Hobbles To Worst Day Since 2022 On Illinois Tax Fears
Bets on sports betting giants came up short Tuesday, as shares of gambling market dominators DraftKings and FanDuel tanked as Illinois closed in on a significant increase on the tax rate facing the co...
Sports-Betting Stocks Drop as Illinois Senate Passes Budget Raising Tax Scale
Sports-betting stocks like DraftKings (DKNG) and FanDuel parent Flutter Entertainment (FLUT) are sliding Tuesday following the Illinois Senate passage of a new state budget that includes a new progres...
Gaming stocks slip on new tax hike
CNBC's Contessa Brewer reports on news in the sports betting space.
DKNG, FLUT, PENN Fall on Higher Sports Gaming Operator Tax
Sports gaming stocks are falling as the Illinois Senate approves a higher tax on operators. Caroline Woods discusses this as this Illinois tax introduces a progressive tax rate for operators based on ...
DraftKings and FanDuel Stocks Drop on Sports Betting Tax Hike
This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.
DraftKings hit by Illinois sports betting bill
DraftKings Inc is down close to 10% in premarket on Tuesday after Illinois passed a legislation related to a sports-betting tax hike. Here's what Illinois legislation means for $DKNG Illinois will now...
DraftKings and FanDuel parent hit by Illinois sports-tax legislation
Shares of DraftKings and FanDuel owner Flutter Entertainment traded lower on Tuesday after the Illinois Senate passed a bill that includes a sports-betting tax hike.
Ex-DraftKings executive appeals restrictions on work at Fanatics
A former DraftKings executive has asked a U.S. appeals court to overturn a judge's order last month that severely restricted the type of work he could do after he joined sports betting rival Fanatics.
DraftKings Completes Acquisition of Jackpocket
Unlocks Access to the U.S. Digital Lottery Industry and Significant Cross-Sell Capabilities Unlocks Access to the U.S. Digital Lottery Industry and Significant Cross-Sell Capabilities
Buy The Dip On This Sports Betting Stock
DraftKings (DKNG) has been choppy since its Mar. 27 two-year high of $49.57, with 2.8% post-earnings bear gap on May 3 not helping matters. Last seen down 3.3% to trade at $42.42 and on track for a fo...
As The Dow And S&P 500 Hit All-Time Highs, Here Are 3 Ways To Profit
The Dow is flirting with 40,000. The S&P 500 and Nasdaq are at or near record highs.
DraftKIngs Q1 earnings shows revenue increased over 50%
DraftKings (DKNG) posted first-quarter earnings results, showing revenue increased over 50% year-over-year. According to the report, part of their success is due in part to stronger-than-expected cust...
DraftKings Isn't Gambling on Its Innovation-Fueled Customer Acquisition Strategy
When it comes to gambling, over a long enough time frame, the house always wins. And that appears to be the case with daily fantasy sports contest and sports betting company DraftKings, which on Frida...
DraftKings posts surge in revenue, hikes full-year sales guidance
DraftKings Inc. rang up a huge spike in revenue and raised its full-year sales guidance on Thursday, sending its stock up 3% in extended trading.
DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2024 financial results. The Company also posted a first quarte...
Moody's, Booking, DraftKings, Amgen stocks in focus ahead of earnings
American stocks were mixed on Wednesday as the earnings season continued and as investors waited for the latest Federal Reserve decision. The Dow Jones rose by over 65 points while the S&P 500 and Nas...
Lori Kalani to Join DraftKings as First Chief Responsible Gaming Officer
BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive offic...
DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024
BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2024 results after the close of market ...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
NEW YORK, April 12, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ: DKNG). Such investors are advised to ...