DraftKings Inc. (DKNG)
| Market Cap | 16.58B |
| Revenue (ttm) | 3.29B |
| Net Income (ttm) | -1.00B |
| Shares Out | 466.24M |
| EPS (ttm) | -2.18 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 17,060,574 |
| Open | 36.82 |
| Previous Close | 36.44 |
| Day's Range | 34.96 - 36.90 |
| 52-Week Range | 10.69 - 39.35 |
| Beta | 1.91 |
| Analysts | Buy |
| Price Target | 35.69 (-0.94%) |
| Earnings Date | Nov 2, 2023 |
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 2022, DraftKings's revenue was $2.24 billion, an increase of 72.87% compared to the previous year's $1.30 billion. Losses were -$1.38 billion, -9.53% less than in 2021.
Financial StatementsAnalyst Forecast
According to 26 analysts, the average rating for DKNG stock is "Buy." The 12-month stock price forecast is $35.69, which is a decrease of -0.94% from the latest price.
News
DraftKings Launches “Pick6”—A Peer-to-Peer Fantasy Sports Variant
New App and Web Product is Available Starting December 6th in Select States New App and Web Product is Available Starting December 6th in Select States
Coca-Cola® Zero Sugar Named Presenting Sponsor of the 5th Annual Sports Power Brunch: Celebrating the Most Powerful Women in Sports™ Honoring Sandra Douglass Morgan, Nicole Lynn, Nikki Fargas, and Stacey Allaster
Sports Broadcaster Taylor Rooks Returns as Host Major Sponsors include Porsche, DraftKings, Prime Video, Las Vegas Raiders, National Football League, and ESPN Films LAS VEGAS , Dec. 5, 2023 /PRNewswir...
DraftKings Announces Jason Robins' Participation in Upcoming Event
BOSTON, Dec. 01, 2023 (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 p...
DraftKings insiders are dumping the stock but it's not a big deal
DraftKings (NASDAQ: DKNG) stock price has done well in the past few months. The shares jumped to a high of $38.75, the highest point since November 21st.
Cathie Wood Sold More DraftKings Stock. Wall Street Is Still Bullish.
DraftKings stock has been a good bet all year but Cathie Wood seems to think the odds of the rally continuing don't look great.
'Fraud is fun' Draft Kings hacker pleads guilty in fantasy sports betting case
A Wisconsin teenager admitted in New York federal court to orchestrating the 2022 hack on the DraftKings fantasy sports betting site that drained money from about 1,600 customer accounts.
Even at a 2-year high, DraftKings is a winning bet
Despite trading at its highest level since November 2021, the digital sports entertainment leader has major league momentum on its side. Thanks to much improved financial results, its shares have trip...
DraftKings Expects Online Gaming to Reach $30 Billion by 2028
Online sports betting and iGaming in the United States will be a $30 billion total addressable market (TAM) in 2028, up from $20 billion this year, according to DraftKings.
FanDuel Parent Flutter Applies to Trade on the NYSE. Look Out DraftKings.
Dublin-based Flutter has applied for its shares to list on the NYSE in its first quarter of fiscal 2024.
Is the 888 Holdings stock a buy after new DraftKings buyout news?
888 Holdings (LON: 888) share price will be in the spotlight on Thursday as hopes of an acquisition jumped. The stock has been under intense pressure and was trading at 81.70p, the lowest point since ...
Cramer's Mad Dash: DraftKings
CNBC's Jim Cramer delivers his daily Mad Dash.
Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
The proliferation of online sports betting and casino gaming across the U.S. has led to record revenue for sportsbook companies such as DraftKings and Fan Duel.
DraftKings could parlay momentum into even bigger stock gains, analysts say
Those who bet on DraftKings Inc.'s stock have won big this year, and analysts see more big gains ahead.
DraftKings CEO Is Ready for More Competition
DraftKings CEO Jason Robins says the overall sports betting market is growing very fast which is good for the consumer. The company boosted its revenue forecast for the full year, which is above estim...
DraftKings Shares Soar After Reporting a Jump in Users and Revenue
DraftKings (DKNG) shares jumped over 11% in early trading Friday after reporting revenue soared as it posted a big jump in users, and the online betting site raised its guidance.
DraftKings' Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations
It's football season, and that is good news for sports betting company DraftKings. The gaming platform's third quarter 2023 earnings results saw a 57% increase in year over year revenue, rising to $79...
DraftKings maintains bullishness after upgraded results as attention shifts to key level
DraftKings Inc. (NASDAQ:DKNG) rose 6% in premarket on Friday after positive stock market news. The stock was boosted by a reported $790 million or £639.9 million revenue in Q3 2023.
DraftKings Stock Is Climbing. Analysts Like Its Growth Story.
DraftKings raises its 2023 revenue guidance.
DraftKings earnings reports better-than-expected Q3 results, raises full year guidance
DraftKings (DKNG) reported better-than-expected third quarter results. The online sports betting company reported a narrower adjusted loss than expected, $0.35 per share versus a $0.67 estimate.
DraftKings revenue jumps 57% as sportsbook leader grows customer base
DraftKings reported 2.3 million monthly unique payers in the third quarter, representing a 40% increase year over year.
DraftKings' stock pops on narrowing loss, raised fiscal year revenue guidance
Shares of DraftKings Inc. DKNG, +6.43% were up 8% in extended trading Thursday after the sports web site posted quarterly results that topped analyst revenue and earnings estimates, and raised its ful...
DraftKings Reports Third Quarter Revenue of $790 Million; Raises 2023 Revenue Guidance Midpoint to $3.695 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($105) Million
Introduces Fiscal Year 2024 Revenue Guidance of $4.5 Billion to $4.8 Billion and Fiscal Year 2024 Adjusted EBITDA Guidance of $350 Million to $450 Million
Earnings Exchange: Block, DraftKings & Carvana
Jeff Kilburg, KKM Financial founder and CEO, joins 'The Exchange' to discuss Block, DraftKings, and Carvana.
DraftKings Announces Plans to Launch Online Sportsbook in Maine Through Deal with Passamaquoddy Tribe
BOSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced it has reached an agreement in principle, subject to licensing and regulatory approvals, with the Passamaquodd...
DraftKings to Host Virtual Investor Day
BOSTON, Oct. 24, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced it will host a virtual Investor Day on Tuesday, November 14, 2023, beginning at...