DraftKings Inc. (DKNG)
| Market Cap | 23.31B |
| Revenue (ttm) | 4.77B |
| Net Income (ttm) | -507.29M |
| Shares Out | 489.96M |
| EPS (ttm) | -1.05 |
| PE Ratio | n/a |
| Forward PE | 82.89 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,951,961 |
| Open | 50.25 |
| Previous Close | 49.44 |
| Day's Range | 47.45 - 49.59 |
| 52-Week Range | 28.69 - 53.61 |
| Beta | 1.92 |
| Analysts | Strong Buy |
| Price Target | 55.00 (+15.58%) |
| 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, 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 26 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $55.0, which is an increase of 15.58% from the latest price.
News
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.
DraftKings rallies on upbeat full-year sales outlook, which doesn't include this big event
Shares of DraftKings Inc. rose after hours Thursday after the sports-betting platform offered a more optimistic sales outlook for this year, as it moves ahead with things like live betting and deepens...
DraftKings Reports Fourth Quarter and Fiscal Year 2024 Results
Raises 2025 Revenue Guidance Midpoint to $6.45 Billion; Reaffirms 2025 Adjusted EBITDA Guidance of $900 Million to $1.0 Billion BOSTON, Feb. 13, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG)...
DraftKings stock nears key price ahead of earnings
DraftKings stock price has done well this year. DKNG has jumped in the last seven consecutive weeks to a high of $44, its highest point since December 9.
BetMGM, DraftKings score ‘most successful' Super Bowl in history as football bettors' winning streak ends
Sportsbooks were pulling for an Eagles win, and they got it, ending one of the most ‘customer-friendly' NFL seasons to date.
Eagles Thrash Chiefs in Super Bowl. Why the Result Isn't Great for DraftKings.
Sunday's Big Game was expected to have drawn a record $1.4 billion worth of bets.
Super Bowl Impact on Gambling Stocks: DKNG, FLUT, WYNN
Zach Warring discusses gaming stocks ahead of Super Bowl LIX. One of his picks is DraftKings (DKNG), which is concentrated in the U.S. vs competitor Flutter (FLUT).
Here's what DraftKings and FanDuel want to see at Super Bowl LIX — after NFL bettors beat sportsbooks all season
There's $1.39 billion in bets riding on the Super Bowl this weekend. Here's what sportsbooks do — and don't — want to see happen.
Draftkings CEO on whether Super Bowl wagers are showing Chiefs fatigue
DraftKings CEO Jason Robins breaks down the sports betting landscape ahead of the Super Bowl.
Why Sportsbooks Like DraftKings May Favor Low-Scoring Super Bowl LIX
Analysts are weighing in on which sportsbooks stand to gain from Super Bowl LIX and whether a Kansas City Chiefs three-peat would be a win or loss for the industry.
DraftKings Faces Gaming Competition
DraftKings CEO Jason Robins details the rise of betting rivals outside of gaming as he readies for one of the biggest betting days ever on Super Bowl Sunday. He joins Caroline Hyde and Jackie Davalos ...
DraftKings CEO Jason Robins: As bets become more diverse, there will be less volatility
CNBC's Contessa Brewer sits down with Jason Robbins, CEO of DraftKings, to discuss outlooks on sports betting ahead of the Super Bowl.