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 Inc (NASDAQ:DKNG) is set to benefit as more US states legalize gambling and its existing customer base spends more. While these are compelling dynamics, analysts at UBS are more excited by the natural reduction in promotional activity the company will have to fork out for as states mature five years after the US Supreme Court ruled in favor of sports betting in 2018.

DraftKings set to benefit from reduction in promotions in maturing markets, UBS analysts say

Caesars Entertainment

MGM Resorts

Penn Entertainment

Wynn Resorts

When your franchise cable channel is struggling after being the mainstay of cable since the beginning, then making a huge change and embracing the now solidly legal sports gaming industry makes a ton of sense.

ESPN Bet Sports Gambling Platform Will Be Massive: 5 Top ‘Strong Buy' Stocks May Be Huge Winners

Palantir Technologies

Americans' love of sports betting is fueling DraftKings' expansion. Palantir wants to help you profit from the AI boom.

A Bull Market Is Coming: 2 Top Stocks to Buy Now That Could Help You Claim Your Share of the Profits

The wager, bearing the title "Never Forget," was a parlay bet that the New York Mets, New York Yankees, and New York Jets would win their respective games on September 11. DraftKings apologized and said it respects the "significance of this day."

DraftKings apologizes for 9/11-themed 'Never Forget' parlay bet

DraftKings Inc. DKNG, -0.19% issued an apology on Monday after posting a 9/11-themed sports-betting wager to entice people to bet on baseball and football games on the anniversary of the 2001 terror attacks that killed nearly 3,000 people in the U.S.

DraftKings issues apology for 9/11-themed betting promotion

The 9/11 terror attacks killed nearly 3,000 Americans, most in New York. DraftKings offered gamblers a parlay bet on New York teams winning on the anniversary.

DraftKings apologizes for 9/11 sports bet promo on New York teams

There's a great deal of consumer interest in betting on sports within the U.S. This interest is most pronounced among National Football League fans. DraftKings could leverage this interest to bring new bettors to its mobile app.

This 1 Crazy Statistic Makes DraftKings Stock a Buy

DraftKings stock has been a big winner in 2023, but the rally may be overdone. The company has delivered strong revenue growth and market share gains, all while executing on margin expansion. I discuss the stock valuation using management's long-term targets and aggressive underlying assumptions.

DraftKings Is Priced For Perfection

After saying in June that I'd bet on DraftKings Inc. posting Q2 positive EBITDA, the company delivered, helping send shares higher. PENN Entertainment, Inc. and ESPN forming a strategic partnership increases competition, but DraftKings and FanDuel still have built-in advantages moving forward. I'd take some trading profits and let the rest ride on the stock.

DraftKings: Hitting On All Cylinders

Disney

Flutter Entertainment PLC

Kickoff is scheduled for 8:20 p.m. Eastern on Thursday when the Kansas City Chiefs go up against the Detroit Lions.

NFL Games Are Back. These 3 Stocks Could Win Football Season.

Eli Lilly

McDonald's

American Eagle Outfitters

DocuSign

e.l.f. Beauty

General Mills

Johnson & Johnson

Micron Technology

Otis Worldwide

Schlumberger

Dell Technologies

Here are some of the tickers on my radar for Thursday, Sept. 7, taken directly from my reporter's notebook.

Here are the 13 stocks Jim Cramer is watching, including Eli Lilly, McDonald's

BOSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Park, the Company's Chief Financial Officer, will participate in the following event:

DraftKings Announces Jason Park's Participation in Upcoming Event

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is DraftKings (DKNG) a Buy as Wall Street Analysts Look Optimistic?

Entain PLC

The US sports betting and iGaming market are on track to top US$30 billion yearly revenue for the industry in the coming years, just five years after being stationed by the US Supreme Court. So far, 35 states have regulated some form of sports betting or online gaming activity, most of which is catered for by the 'big three' of sportsbook providers: Draftkings Inc (NASDAQ:DKNG) (Draftkings Inc (NASDAQ:DKNG)); FanDuel, which is owned by Flutter Entertainment PLC (LSE:FLTR); and BetMGM, a joint venture between MGM Resorts International (NSX:MGM) and Entain PLC (LSE:ENT).

DraftKings and Big 3 sports betting rivals 'on track' to double market in next three years

Americans' fondness for gambling is evident as a record 50 million engaged in Super Bowl wagers, spending $16 billion! The 2023 Super Bowl betting surged 61% year over year (YOY), fueled by expanding online platforms.

Game On: 3 Sports Betting Stocks Ready for a Fall Surge

SoFi Technologies

Uber

It's that time of year. Students are returning to classes again.

3 Stocks to Buy Now Ahead of Seasonal September Tailwinds

Shopify

Tesla

Twilio

With growth leading a market rally, several stocks owned by Cathie Wood's ARK Invest are in or near entries, including Tesla and Shopify.

Four Cathie Wood Stocks Near Buy Points

JPMorgan Chase & Co

Kroger

Inflation in the U.S. peaked at 9.1% in June 2022. Since then, it has backed off considerably and currently sits at 3.2%.

3 Stocks to Buy as Inflation Backs Off

This commentary first appeared on  Forbes Great Speculations  on Wednesday, August 23, where Schaeffer's Investment Research is a regular contributor.

Signal Says Buy the Dip on DraftKings Stock

General Electric

Microsoft

NVIDIA

Rivian Automotive

Schrodinger 

There's no foolproof method for making money in the stock market, and, in my view, no one should rely on any one technique for picking stocks. After all, using multiple criteria — including analyzing fundamentals, checking charts, and identifying macro trends — should increase one's chances of success.

7 Stocks the Big Money Is Buying Now

Here is how DraftKings (DKNG) and Trip.com (TCOM) have performed compared to their sector so far this year.

Are Consumer Discretionary Stocks Lagging DraftKings (DKNG) This Year?

Adobe

Amazon

The 5 Most Upgraded Stocks From Q2 Earnings Reporting Season

Live Nation

Marriott

PepsiCo

Royal Caribbean Cruises

We have narrowed our search to five consumer-centric stocks that have strong potential for the rest of 2023. These are: LYV, RCL, DKNG, MAR, PEP.

Wall Street Ignores Powell's Rate Hike Warning: 5 Picks

Robust demand for online betting bodes well for the Gaming industry. Stocks like MGM and DKNG are benefiting from an improving industry trend.

2 Gaming Stocks to Buy From a Promising Industry

Gaming is huge. No matter which market you look at, gaming is growing.

News for DraftKings Stock (DKNG)