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Online Gaming

Gaming Software

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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.

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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

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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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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.

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

Entain PLC

MGM Resorts

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

Caesars Entertainment

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

Penn Entertainment

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

3 Gaming Stocks to Bet On For Gains in 2024

Exact Sciences

Block

Much has been written and discussed about the incredible success and then failure of Cathie Wood's phenomenal ARK Innovation exchange-traded fund, which exploded in 2020 only to implode in the fall of 2021 and trade sideways most of 2022.

Cathie Wood Has 5 ‘Strong Buy' ARK Innovation Holdings That Aggressive Growth Investors Can Grab Now and Hold Forever

The shares of sports betting company DraftKings (DKNG) were last seen 3.4% higher at $28.16, as part of the broader tech sector rally today.

Signal Says Buy The Dip On DraftKing's Stock

AppLovin Corp

Builders FirstSource

Cinemark Holdings

Symbotic Inc

Wayfair

XPO Logistics

Signal Says These 9 Stocks Have Room to Run

DraftKings is a dominant player in the betting market, but its status faces a test with the emergence of ESPN Bet from Penn Entertainment. Strong revenue growth, efficient customer acquisition, and enhanced customer experience contribute to DraftKings' positive growth trajectory.

Can DraftKings Maintain Its Super Status After the ESPN Bet Announcement?

DraftKings' (DKNG) Golden Nugget Online Gaming launches the online casino product in Pennsylvania.

DraftKings' (DKNG) Golden Nugget Opens Casino in Pennsylvania

DraftKings Inc. shares have more than doubled so far this year, but UBS analyst Robin Farley thinks they can surge another 45%.

DraftKings stock rally has plenty more juice, UBS says

BOSTON, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Golden Nugget Online Gaming announced today that the company has launched its online and mobile casino in Pennsylvania. The Golden Nugget Online Gaming casino app, powered by DraftKings technology, includes more than 500 slots and classic table games like Blackjack, Roulette and Craps, as well as exclusive games including Rocket, Golden Nugget American Roulette, Golden Nugget Blackjack and more.

Golden Nugget Online Gaming Debuts Online Casino Product in Pennsylvania

News for DraftKings Stock (DKNG)