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.

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Cost of revenue

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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

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Stockholders equity

Minority interest

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Change in stock

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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.

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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 trading on Thursday, May 2, 2024.

DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024

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DraftKings (DKNG) closed at $45.54 in the latest trading session, marking a +0.07% move from the prior day.

DraftKings (DKNG) Rises But Trails Market: What Investors Should Know

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Bad Break In DraftKings Sent It To The Swing Trading Bench

MGM Resorts

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 largest economy and its new, and regulated, online gambling market, Bloomberg News reported Wednesday (April 3).

DraftKings and MGM Find New Gaming Frontier in Brazil

DraftKings has benefited as a growing number of states legalize online sports betting. The company has yet to enter the three most populous U.S. states.

Is It Too Late to Invest in DraftKings Stock?

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Most states have now legalized sports betting to some degree, But the industry is far from having reached its eventual potential size. Helping drive the industry's growth is the tax revenue that the states receive.

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Should You Invest in DraftKings (DKNG) Based on Bullish Wall Street Views?

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DraftKings leads in U.S. online sports betting and saw users grow by 1.1 million in 2023. FanDuel parent Flutter Entertainment leads in the U.K., Ireland, Australia, and Italy.

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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.

DraftKings, Flutter shares fall as NCAA pushes states to ban prop bets on college athletes

Mizuho Securities initiated coverage on DraftKings with a buy rating and a $58 near-term price target. Lower marketing expense sets up great prospects for margin expansion and free cash flow growth.

DraftKings Stock Has 24% Upside, According to 1 Wall Street Analyst

DraftKings NASDAQ: DKNG is a good bet ahead of fiscal Q1 earnings because analysts underestimate its growth, and tailwinds are blowing the business to record highs. The next release is scheduled for early May, and analysts have been mostly revising upward but have left the bar low.

Is DraftKings A Good Bet Ahead of Q1 Earnings?

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.

U.S. sportsbooks come together on responsible gaming

Shares of Penn Entertainment, MGM Resorts, and DraftKings are initiated with Buy recommendations by Mizuho.

It's Time to Bet on Sports Gambling, Analyst Says. DraftKings Is Only One Play.

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DraftKings isn't profitable in online betting. The better bet may be one of the companies eating up its marketing dollars.

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DraftKings (DKNG) reachead $47.20 at the closing of the latest trading day, reflecting a -1.56% change compared to its last close.

DraftKings (DKNG) Suffers a Larger Drop Than the General Market: Key Insights

In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.

Fanatics fires back at DraftKings' claims of corporate espionage in bitter legal battle

Rush Street Interactive

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 (March 21), citing unnamed sources.

Report: Rush Street Interactive Approaching Potential Buyers, Including DraftKings

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-excluded players

DraftKings and Kindbridge Behavioral Health Expand Program That Provides Treatment Resources for Individuals Experiencing Potential Indications of Problem Gaming

News for DraftKings Stock (DKNG)