DraftKings Inc. (DKNG)
| Market Cap | 20.84B |
| Revenue (ttm) | 5.00B |
| Net Income (ttm) | -398.58M |
| Shares Out | 496.29M |
| EPS (ttm) | -0.82 |
| PE Ratio | n/a |
| Forward PE | 68.24 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 11,503,563 |
| Open | 42.70 |
| Previous Close | 42.89 |
| Day's Range | 41.50 - 43.45 |
| 52-Week Range | 28.69 - 53.61 |
| Beta | 1.67 |
| Analysts | Strong Buy |
| Price Target | 54.28 (+29.27%) |
| Earnings Date | Jul 31, 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 Summary
According to 25 analysts, the average rating for DKNG stock is "Strong Buy." The 12-month stock price target is $54.28, which is an increase of 29.27% from the latest price.
News
DraftKings Launches “My Budget Builder” to Enhance Its Responsible Gaming Tools and Resources
Players can use this new tool to help them manage their play across DraftKings products, reflecting the ongoing efforts of DraftKings to promote Responsible Gaming Players can use this new tool to hel...
Danny Moses turns bearish on DraftKings
'Fast Money' guest trader Danny Moses talks why he is bearish on gaming and sports betting stocks like DraftKings now.
DraftKings CEO Jason Robins on Illinois sports betting tax
DraftKings CEO Jason Robins on Wednesday blasted Illinois' new tax on sports bets in the state, as the company in response plans to add a 50-cent transaction fee for all Illinois wagers beginning Sept...
DraftKings CEO: Illinois' new tax on sports bets will drive players to illegal betting sites
Jason Robins, DraftKings CEO, joins CNBC's 'Squawk on the Street' to discuss Illinois' new tax on mobile and online sports wagers.
DraftKings to Introduce Transaction Fee in Illinois
BOSTON, June 12, 2025 (GLOBE NEWSWIRE) -- In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and online sports wagers placed with ...
FanDuel adds 50-cent surcharge on Illinois bets to offset state taxes, DraftKings may follow
FanDuel is adding a 50-cent surcharge on all Illinois wagers. The move is designed to offset the high taxes in the state.
Sports Betting Stocks Slip as Illinois Passes New Per-Bet Tax
Shares of several sports betting companies dropped Monday after lawmakers in Illinois passed a state budget that includes a new tax on the industry.
Sports betting stocks slide after Illinois lawmakers approve tax hike
Shares of online sports betting platforms struggled Monday. Illinois lawmakers passed a budget that included what one analyst described as a surprise tax increase on wagers.
SailGP launches sports betting with DraftKings and Bet365
SailGP is providing real-time odds to gaming platfoms to allow users to place bets SailGP's sports betting push is part of a broader strategic plan to attract new fans, drive deeper engagement and gro...
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.