DraftKings Inc. (DKNG)
| Market Cap | 19.72B |
| Revenue (ttm) | 3.67B |
| Net Income (ttm) | -802.14M |
| Shares Out | 473.62M |
| EPS (ttm) | -1.73 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 474,365 |
| Open | 41.57 |
| Previous Close | 41.64 |
| Day's Range | 41.34 - 42.08 |
| 52-Week Range | 20.26 - 49.57 |
| Beta | 1.85 |
| Analysts | Strong Buy |
| Price Target | 45.63 (+10.38%) |
| Earnings Date | May 2, 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 30 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price forecast is $45.63, which is an increase of 10.38% from the latest price.
News
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 ...
Sportsbooks report record betting throughout the March Madness tournament
CNBC's Contessa Brewer reports on the stocks set to benefit from March Madness.
DraftKings Inc. (DKNG) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
NEW YORK--(BUSINESS WIRE)---- $DKNG #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of DraftKings Inc. (“DraftKings” or...
DraftKings and MGM Find New Gaming Frontier in Brazil
Some of the sports betting world's biggest players have reportedly turned their sights on Brazil. Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America's la...
U.S. vs China: Gaming Stocks
How are major sporting events impacting gambling stocks? Chad Beynon and Zach Warring discuss this.
DraftKings, Flutter shares fall as NCAA pushes states to ban prop bets on college athletes
In the midst of March Madness, the NCAA is pushing for states with legal wagering on sporting events to ban prop bets on college athletes.
Largest U.S. sportsbooks join forces to tackle problem gambling
CNBC's Contessa Brewer joins 'Squawk Box' to report on the latest news from the nation's largest gaming companies.
U.S. sportsbooks come together on responsible gaming
Online gaming is in focus this morning after seven of the largest U.S. based names in that space came together to form ROGA – the Responsible Online Gaming Association. Which of the seven U.S.
It's Time to Bet on Sports Gambling, Analyst Says. DraftKings Is Only One Play.
Shares of Penn Entertainment, MGM Resorts, and DraftKings are initiated with Buy recommendations by Mizuho.
DraftKings is showing this ‘powerful sign' that could help boost its stock 20%
DraftKings Inc.'s stock has been a big recent winner, rising nearly 170% over the past 12 months. But there's still room to run, according to a new bull.
Fanatics fires back at DraftKings' claims of corporate espionage in bitter legal battle
In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.
Report: Rush Street Interactive Approaching Potential Buyers, Including DraftKings
Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options. The company's representatives have approached potential buyers, Bloomberg reported Thursday...
DraftKings and Kindbridge Behavioral Health Expand Program That Provides Treatment Resources for Individuals Experiencing Potential Indications of Problem Gaming
All 25 states where DraftKings operates online gaming now include program benefits for self-excluded players All 25 states where DraftKings operates online gaming now include program benefits for self...
DraftKings CFO Park to Become Chief Transformation Officer
Park joined as CFO in 2019, and oversaw its transition to the public markets, DraftKings said. Prior to joining DraftKings, Park worked at Bain Capital Private Equity.
DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies
Jason Park to Become Chief Transformation Officer, Alan Ellingson to be Elevated to Chief Financial Officer Jason Park to Become Chief Transformation Officer, Alan Ellingson to be Elevated to Chief Fi...
DraftKings Launches “My Stat Sheet” – A New Tool to Promote Responsible Gaming
New Feature Provides Customers with Access to Personalized Gaming Statistics and Insights New Feature Provides Customers with Access to Personalized Gaming Statistics and Insights
DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11
BOSTON, March 07, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced plans to launch its top-rated online sportsbook in North Carolina on March 11, 2024. This announcement is the...
DraftKings Announces Jason Robins' Participation in Upcoming Event
BOSTON, March 06, 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 ...
Buy DraftKings Stock, New Bull Says. The U.S. Digital Gaming Market Isn't Done Growing.
Barclays upgraded the online sports betting company to Overweight from Equal Weight.
DraftKings benefits from a ‘gift that keeps on giving.' Its stock has a new fan.
A roughly 10% pullback in DraftKings Inc.'s stock following last week's earnings report makes for an “attractive” entry point, according to one analyst.
Why DraftKings made $8 million and BetMGM lost nearly $5 million on Super Bowl bets in New York
The New York Gaming Commission just released numbers showing how New York-based sportsbooks performed during the recent Super Bowl, and the most surprising revelation is how much better one of the big...
Why DraftKings bulls are cheering, even after a rare earnings miss
DraftKings shares were shrugging off the company's latest earnings report, but bulls found plenty of reasons to cheer.
DraftKings Profit Misses, Buys Lottery App for $750 Million
DraftKings reported fourth-quarter sales and profit that missed analysts' projections and announced it would buy the lottery app Jackpocket for $750 million in cash and stock. DraftKings CEO Jason Rob...