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

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

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Income tax payable

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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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Here is an update on our Inverse Jim Cramer strategy by taking a look at the results of his top stock picks for the quarter ending in September. This quarter, we collected and analyzed more than 400 of Cramer's stock picks. Cramer discussed stocks like Eli Lilly and Company, DraftKings, and Oracle the most in Q3.

Inverse Jim Cramer Strategy - Q3 2023 Update

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 10:00 a.m. ET. The event is expected to last approximately two hours.

DraftKings to Host Virtual Investor Day

Draftkings Inc (NASDAQ:DKNG) is facing a high bar when it comes to Wall Street's expectations for its third quarter earnings but analysts at the Bank of America (BoA) think the company can deliver and raise its full-year guidance. The digital sports entertainment and gaming company will report its latest financial results after the market close on Thursday, November 2.

DraftKings has analysts betting on a 3Q earnings beat and raise

DraftKings Inc (NASDAQ: DKNG) has lost about 10% over the past three months but a MoffettNathanson analyst says the weakness has only created an opportunity to buy. DraftKings stock could climb to $37 On Tuesday, Robert Fishman upgraded the sports betting company to “buy”.

DraftKings stock outlook: MoffettNathanson sees a 30% upside

DraftKings Inc. shares were powering more than 5% higher in Tuesday trading after an analyst turned bullish on the stock, saying that his conviction in the company's story is now “stronger than ever.”

DraftKings is winning over more ‘whales,' which could help send its stock 24% higher

DraftKings (NASDAQ: DKNG ) stock is gaining on Tuesday after the sports betting company's shares got an upgrade from Moffett Nathanson. Moffett Nathanson analyst Robert Fishman upgraded shares of DKNG stock from a “hold” rating to a “buy” rating today.

DKNG Stock Alert: Moffett Nathanson Is Pounding the Table of DraftKings

The shares of DraftKings Inc (NYSE:DKNG) are nearly 4% higher before the bell, after MoffettNathanson upgraded the sports betting  firm to "buy" from "neutral" to go with a price-target hike to $37 from $31.

DraftKings Stock Tests Key Trendline After Upgrade

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As market volatility appears set to continue in the near, you may wonder which stocks to sell in October. While stocks overall could remain under pressure, as the market digests high interest rates and the looming risk of a recession, there are certain stocks that may be at risk of experiencing even choppier conditions ahead.

7 Stocks to Sell in October Before They Crash and Burn

Online sports betting company DraftKings Inc. NASDAQ: DKNG is forming a bullish base below an early August high of $34.49, as you can see on MarketBeat's DraftKings chart.

DraftKings Plays the Right Cards in Online Gaming Growth

DraftKings is the second largest online sportsbook with a 32% market share and is experiencing rapid growth with 86% sales growth through half of 2023. Management is focused on efficiency and profitability, with its first positive Adjusted EBITDA quarter in Q2 2023.

DraftKings: Is The Brand And Customer Loyalty Creating A Moat?

DraftKings prepares for its Q3 earnings call, focusing on customer engagement and retention strategies. DraftKings operates debt-free with a substantial cash balance, paving the way for its transition to EBITDA positive territory from Q4 2023 onward.

DraftKings' Bull Case: Customer Growth Strategy

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When it comes to big ideas, investing guru Cathie Wood has more than a few. As the manager of the Ark Invest family of exchange traded funds (ETFs), Wood boldly predicts Bitcoin ( BTC-USD ) will be worth $1.5 million by 2030 and Tesla (NASDAQ: TSLA ) stock will have a $2,000 per share price tag by 2027.

7 Stocks to Cash In on This Little-Known $22.5 Trillion Opportunity

BOSTON, Oct. 13, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its third quarter 2023 results after the close of market trading on Thursday, November 2, 2023.

DraftKings to Release Third Quarter 2023 Results on November 2, 2023 and Host Conference Call on November 3, 2023

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During the Covid-19 pandemic, there was a surge in online gaming stocks even as casinos took a hit. In a post-pandemic era, there seems to be a fine balance between online and offline gaming.

3 Gaming Stocks to Buy Into the End of This Year

IBD Stock Of The Day: DraftKings makes an interesting bet as it eyes a buy point. It boasts accelerating growth amid a wave of legal sports gambling.

DraftKings Stock Flirts With New Buy Signal After 167% Rally On Sports Betting Boom

DraftKings (DKNG) closed at $29.58 in the latest trading session, marking a -0.2% move from the prior day.

DraftKings (DKNG) Stock Dips While Market Gains: Key Facts

BOSTON, Oct. 09, 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 participate in the following event:

DraftKings Announces Jason Robins' Participation at Upcoming Event

DraftKings' stock price has nearly tripled this year, driven by strong fundamental wins and positive Q2 results. The company still has room to capture a larger market share within the U.S. and offers a variety of sports and formats for betting. Product enhancements are leading to substantially increased handle and revenue growth despite a more careful stance on investing in marketing.

DraftKings: Incredible Execution Justifies Rally

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Cathie Wood stocks were doing quite well for a good chunk of the year. Only in mid-September did Wood's year-to-date performance for her flagship ARK Innovation ETF (NYSEARCA: ARKK ) fall below that of the Invesco QQQ Trust (NASDAQ: QQQ ).

Q4 Predictions: 3 Cathie Wood Stocks Set to Rocket Higher

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Taylor Swift is a phenomenon that has captured the attention of millions around the world. But importantly, Swift has captured the wallets of these people as well.

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The bank has updated its Focus List, the compilation of its analysts' top ideas. These three shares could help a portfolio rebound.

Stock Plays for October: 3 to Watch, According to J.P. Morgan

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NEOGAMES

Sports betting stocks are definitely stocks to consider, if diversification is important to you. The sports betting industry is often overlooked by investors, despite offering great investment opportunities.

Sports Betting: 3 Hottest Profit Plays to Make Now

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We are entering week four of the NFL season and online betting just got a little busier with Fanatics and Caesars Entertainment (NASDAQ: CZR ) offering live streaming of NFL games. They are doing so on their betting apps through Betvision, Genius Sports' (NYSE: GENI ) immersive sports wagering experience.

Don't Miss the Boom: 3 Gaming Stocks Set to Explode Higher

DraftKings (DKNG) plans to introduce its online sportsbook in Kentucky on Sep 28.

DraftKings (DKNG) Launches Its Online Sportsbook in Kentucky

Growth stocks have faded in the second half of 2023. DraftKings, an online gaming and sports betting play, has still posted stellar returns for shareholders in 2023.

News for DraftKings Stock (DKNG)