Monthly Unique Payers (MUPs)

Revenue segments as reported by the company.

Online Gaming

Gaming Software

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Sales and marketing

Product and technology

General and administrative

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

DraftKings

DraftKings, Inc. provides online fantasy sports and sports betting services. It provides users with daily fantasy sports, sports betting and iGaming opportunities, and is also involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. The company was founded on August 6, 2021 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

DraftKings reports robust Q4 performance, eyes growth through innovation

DraftKings' strong Q4 2022 performance and focus on operational efficiency position the company for continued growth and profitability.
While facing industry competition and regulatory challenges, DraftKings leverages strengths in innovation and customer acquisition for market success.
Opportunities in revenue growth, international expansion, and product innovation align with DraftKings' strategic goals for sustainable market expansion.
Strategic responses to challenges and a focus on customer retention and operational excellence are key to DraftKings' future success in the dynamic market landscape.

DraftKings excels in Q1, eyes profitability and market leadership

DraftKings' strong financial performance, market leadership, and strategic focus on customer engagement position it well for continued success. With a clear roadmap for profitability, the company is leveraging unique sports wagering opportunities and product innovations to drive growth and navigate market challenges.

DraftKings reports stellar Q2 results, eyes growth amid challenges

DraftKings delivered a strong Q2 performance with revenue growth and positive adjusted EBITDA, driven by product enhancements and strong player engagement.
The company's focus on customer experience, product differentiation, and partnerships positions it well for future growth despite challenges like tax rates and expense management.
Opportunities lie in upcoming sports seasons, AI initiatives, and market expansion, highlighting DraftKings' potential for continued success and innovation.

DraftKings surpasses Q3 expectations, eyes iGaming growth opportunities

DraftKings' Q3 performance exceeded expectations, with strong revenue growth and positive EBITDA outlook for 2024. The company faces challenges in maintaining market share growth and managing revenue slowdown. Opportunities lie in iGaming expansion and product innovation.

DraftKings excels in revenue growth, eyes strategic acquisitions for expansion

DraftKings reports robust financial performance with revenue and EBITDA growth milestones.
Strategic acquisitions and customer-centric initiatives strengthen market position and engagement.
Challenges in Q4 and capital optimization efforts highlight areas for strategic focus.
Anticipated growth opportunities in product innovation, market expansion, and legislative developments.

DraftKings excels in Q1 2024, raises guidance amid market opportunities

DraftKings' strong financial performance in Q1 2024 reflects revenue growth, increased guidance, and a focus on operational efficiency. The company's strategic initiatives in product innovation, responsible gaming, and market expansion position it for sustained growth. Challenges in managing state launches and tax rate increases require proactive strategies.

DraftKings reports robust Q3 revenue growth and eyes Missouri expansion

DraftKings delivered strong revenue growth and margin improvement in Q3 2024, driven by Online Sportsbook and iGaming segments.
While facing challenges in achieving profitability and optimizing operational efficiency, the company remains agile in capitalizing on new market opportunities.
With a focus on expanding into Missouri, robust fiscal year 2025 guidance, and international market expansion plans, DraftKings is poised for continued growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DraftKings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports betting, online casino, daily fantasy sports product offerings, DraftKings Marketplace, retail sportsbook, media, and other consumer product offerings. It operates through the following segments: Business-to-Consumer (B2C) and Business-to-Business (B2B). The Business-to-Consumer segment includes sportsbook, iGaming and DFS product offerings, as well as media and other consumer product offerings. The Business-to-Business segment includes design and development of gaming software. The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

DraftKings is benefiting from more states legalizing online sports betting. The next stage of the company's growth will be from becoming more profitable.

Where Will DraftKings Stock Be in 5 Years?

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 companies' operations in the state.

DraftKings Stock Hobbles To Worst Day Since 2022 On Illinois Tax Fears

The shares of sports betting  company DraftKings Inc (NASDAQ:DKNG) are crumbling today, last seen 11.6% lower to trade at $36.09, after the Illinois Senate passed a 2025 budget that will raise taxes on gross gaming revenue raise by more than 140%.

Signal: Buy the Dip on DraftKings Stock

Illinois is more than doubling the tax rate on online sports betting. DraftKings could face a 37% tax bill in 2025.

Why DraftKings Stock Just Crashed 13.5%

Flutter Entertainment PLC

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 progressive tax rate on such firms.

Sports-Betting Stocks Drop as Illinois Senate Passes Budget Raising Tax Scale

DraftKings (NASDAQ: DKNG ) stock fell 7% over the weekend after the Illinois Senate passed a hike to the state's sports betting tax. The Senate package is different from a bill already approved by the Illinois House.

DraftKings (DKNG) Stock Falls as Illinois Senate Passes Sports Betting Tax

DraftKings stock and FanDuel-parent Flutter Entertainment both fell after the Illinois Senate advanced a budget that would more than double online sports betting taxes.

DraftKings, FanDuel Stocks Blitzed By 140%+ Illinois Tax Hike

This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.

DraftKings and FanDuel Stocks Drop on Sports Betting Tax Hike

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 impose the second highest tax on sports betting companies.

DraftKings hit by Illinois sports betting bill

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.

DraftKings and FanDuel parent hit by Illinois sports-tax legislation

CrowdStrike

Cloudflare

Machine learning stocks are gaining traction as the interest in artificial intelligence (AI) and machine learning soars, especially after the launch of ChatGPT by OpenAI. This technology has given us a glimpse of its potential, sparking curiosity about its future applications, and has led to my list of machine learning stocks to buy.

The 2034 Millionaire's Club: 3 Machine Learning Stocks to Buy Now

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.

Ex-DraftKings executive appeals restrictions on work at Fanatics

DraftKings' share price has jumped 25% this year, outperforming the broader market as it continues to rapidly gain new users. The company's recent launches in North Carolina and Vermont added ~10% more users than the company initially expected. DraftKings has a large addressable market, improving customer acquisition costs, and offers a wide range of sports and gaming options.

DraftKings: Tailwinds On All Sides

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

DraftKings Completes Acquisition of Jackpocket

Coupang

Cronos Group

Lithium Americas Corp

Li Auto Inc.

MakeMyTrip

MINISO Group Holding

The single biggest quality of an investor that can make him/her a millionaire is patience. With some research, it's not difficult to spot quality growth stocks to buy.

7 Growth Stocks to Buy Now for 20X Returns by 2030

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 fourth loss in the last five days, the silver lining is that this pullback has the stock near a historically bullish trendline.

Buy The Dip On This Sports Betting Stock

NextEra Energy

Walmart

Beginner investors are always worried about spending too much or too little in the stock market. Some want to start slow and watch their investments while others want to go all in and reap significant gains.

3 Stocks Under $100 That Could Be Portfolio Game-Changers

Coinbase

Uber

Meme stocks have gained significant attention on Wall Street, with individual investors coordinating their buying efforts on social media platforms like Reddit's r/WallStreetBets forum. While some may view this trend as irrational, there are reasons behind the interest in certain companies.

3 Meme Stocks to Buy on the Dip: May 2024

Caesars Entertainment

MGM Resorts

It might feel like yesterday, but it's already been six years since the U.S. Supreme Court lifted the federal ban on sports betting. This has allowed states to legalize the sport, and now, over 30  states and D.C.

3 Sports Betting Stocks to Buy and Hold for the Next Decade

Palantir Technologies

The Dow is flirting with 40,000. The S&P 500 and Nasdaq are at or near record highs.

As The Dow And S&P 500 Hit All-Time Highs, Here Are 3 Ways To Profit

Emergent BioSolutions

Philip Morris

Quite often we read about societal pressures that have driven the increased use of everything from narcotics to gambling to even the reemergence of nicotine and tobacco. Unfortunately, with many of the economic difficulties of the 21st century, young people, now more than ever, rely on substances and thrills to get through the day.

Vice Stock Vanguards: 3 Sin Stocks Delivering Heavenly Returns

The ideal scenario for this option trade is a rally to 50 around June 21 with stable or rising implied volatility.

Traders Can Bet On DraftKings With Risk-Controlled Option Strategy

Revenue soared to $1.18 billion, a 53% increase from the previous year, exceeding estimates. Adjusted EPS turned positive at $0.03, beating the ($0.29) estimate.

DraftKings' Q1 Earnings Exceed Expectations

Kinder Morgan

Bank of America

DigitalBridge Group

Kraft Heinz

Verizon

As earnings season winds down, the long-awaited shift from growth to value seems to be emerging. Many tech stocks are down despite good earnings as investors hunt for bargains.

The 7 Most Undervalued Under-$50 Stocks to Buy in May 2024

DraftKings grew its revenue 53% in Q1, but competitor FanDuel reportedly grew 56%. So who's the real leader in online sports gambling today?

News for DraftKings Stock (DKNG)