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Revenue segments as reported by the company.

Online Gaming

Gaming Software

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

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

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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.

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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

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Earnings data Q1 2022

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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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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 emerges as a compelling investment opportunity amidst the expanding landscape of online sports entertainment and gambling.

Should you Bet on DraftKings this March Madness?

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The main risk with the trade is similar to outright stock ownership.

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DraftKings has made excellent progress from an unprofitable growth stock to one generating positive free cash flow.

What's Going On With DraftKings Stock?

DraftKings has been showing great operating leverage in recent quarters. The acquisition of the lottery app Jackpocket looks like it could be a winner. DKNG should have a strong Q1 from Super Bowl and March Madness betting.

DraftKings: A March Madness Winner

Draftkings Inc (NASDAQ:DKNG) has announced several changes to its senior leadership team which have been viewed as positive by analysts at Jefferies. The fantasy sports contest and sports betting company has appointed its current chief financial officer Jason Park as chief transformation officer, effective May 1, 2024.

DraftKings leadership shakeup ‘appropriate' amid Jackpocket acquisition: analysts

This company achieved the best market share in a growing industry.

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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 CFO Park to Become Chief Transformation Officer

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 Financial Officer

DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies

DraftKings has raised its outlook for FY24, citing strong customer acquisition results and higher hold percentages. The company's acquisition of Jackpocket expands its total addressable market into the $100+ billion U.S. lottery industry. DraftKings' customer acquisition costs are decreasing over time, and it has a wide range of sports and gaming offerings to appeal to a broad audience.

DraftKings: More Fuel For The Rally

DraftKings (DKNG) introduces My Stat Sheet, a fresh tool aimed at encouraging responsible gaming practices.

DraftKings (DKNG) Unveils Tool to Promote Responsible Gaming

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U.S. states have collected about $4.3 billion in tax revenue from online sports betting since 2018. DraftKings holds a 35% market share and is expanding to lottery and online casino gaming.

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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 Launches “My Stat Sheet” – A New Tool to Promote Responsible Gaming

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Best Growth Stock: Chewy Stock vs. DraftKings Stock

DraftKings (DKNG) plans to introduce its mobile sports betting in North Carolina from Mar 11.

DraftKings (DKNG) to Launch Mobile Betting in North Carolina

The next-generation betting company earned a recommendation upgrade from Barclays. Barclays analysts upped their price target on the shares.

DraftKings Stock Has 17% Upside, According to 1 Wall Street Analyst

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 culmination of DraftKings' continued work with stakeholders and regulators across North Carolina to offer fans a responsible form of sports betting. Earlier this year, DraftKings and NASCAR agreed to terms on a written designation agreement, paving the way for the digital sports entertainment and gaming company to operate in the state. Once live in North Carolina, DraftKings Sportsbook will be available in 27 U.S. states, in addition to Ontario, Canada.

DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11

DraftKings currently only operates in around half of the U.S. states. A strong fourth quarter caused DraftKings to raise its 2024 revenue guidance.

A Bull Market Is Here. 3 Reasons to Buy DraftKings Like There's No Tomorrow

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DraftKings is riding a wave of state approvals for sports betting. Global-e continues to add high-level clients to its platform.

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News for DraftKings Stock (DKNG)