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

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Year over year growth in Revenue and Operating Expenses.

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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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EBITDA

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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.

The stock price of DraftKings Inc (NASDAQ: DKNG) fell by over 4% during intraday trading. This is why it happened.

DKNG Stock Price Falls Over 4%: Why It Happened

DraftKings is disputing improper allegations over its business operations made by short-seller Hindenburg Research.

DraftKings fires back at Hindenburg allegations

NEW YORK, June 15, 2021 /PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ: DKNG) resulting from allegations that DraftKings might have issued misleading information to the investing public. If you purchased DraftKings securities, and/or would like to discuss your legal rights and options please visit DraftKings Shareholder Investigation or contact Joseph R.

DKNG INVESTIGATION ALERT: Bernstein Liebhard is Investigating DraftKings Inc. for Violations of the Securities Laws

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of DraftKings Inc. (“DraftKings” or the “Company”) (NASDAQ: DKNG) investors concerning the Company's possible violations of federal securities laws. On June 15, 2021, before the market opened, Hindenburg Research published a report calling DraftKings “a $21 billion SPAC betting it can hide its black market operations.” The report cited concerns over its merger with SBTech, a Bulgaria-based gaming

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of DraftKings Inc. (DKNG) on Behalf of Investors

Shares of sports betting powerhouse DraftKings tanked Tuesday morning as a short seller alleged the company has exposure to international black-market gambling and organized crime.

DraftKings stock falls after Hindenburg Research warns of black market link

DraftKings Inc. (NASDAQ:DKNG) shares traded lower Tuesday after short seller Hindenburg Research published a short report on the stock. DraftKings was down 6% at $47.60 at last check.

What's Next After DraftKings Cracked The Uptrend It's In?

Shares of sports betting giant DraftKings tumbled in early trading Tuesday after a prominent research firm accused the company of hiding alleged ties to illegal gaming operations.

DraftKings tumbles after research firm alleges black market ties

A new short report from Hindenburg Research claims that a portion of DraftKings business comes from black markets. But we don't see any reason to freak out.

Black Market Allegations Create a Buying Opportunity for DraftKings Stock

DraftKings (DKNG) stock is falling on Tuesday after the company was the target of a recent note from short-seller Hindenburg Research. The post DKNG Stock: The ‘Dark' Hindenburg Research Warning Dinging DraftKings Today appeared first on InvestorPlace.

DKNG Stock: The ‘Dark' Hindenburg Research Warning Dinging DraftKings Today

The short seller says up to 50% of DraftKing's SPAC partner SBTech's revenue comes from markets where gambling is banned.

Hindenburg Research reveals DraftKings short position, says company is hiding black market operations

Early Tuesday morning, Hindenburg Research issued a short report on the sports betting company DraftKings Inc (NASDAQ: DKNG). What Happened: In a report called “A $21 billion SPAC betting it can hide its black market operations,” Hindenburg Research targets DraftKings and its fully owned SBTech unit.

DraftKings Falls On Hindenburg Short Report, Calls Out Sports Betting Co. For Skirting Law & Hiding 'Black Market Operations'

Boston, Massachusetts--(Newsfile Corp. - June 15, 2021) - Block & Leviton is investigating DraftKings Inc. (NASDAQ: DKNG) for potential securities law violations. Investors who have lost money in their DraftKings investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/dkng.What is this all about?Before the market opened today, Hindenburg Research released a report citing concerns over its merger with SBTech, a Bulgaria-baesd gaming technology company...

DRAFTKINGS INVESTIGATION: Block & Leviton Investigates DraftKings For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm

Penn Entertainment

DraftKings Inc. (NASDAQ:DKNG) shares are trading lower after Hindenburg Research published a short report on the stock. Penn National Gaming, Inc. (NASDAQ:PENN) shares are trading lower in sympathy with DraftKings.

Why DraftKings And Penn National Shares Are Trading Lower Today

Hindenburg is a relatively new short selling firm that has made several high profile calls against SPACs over the past year.

DraftKings stock falls 10% after Hindenburg Research reveals short position

The company's three cofounders see vast potential for growth as more states legalize sports betting, but the industry is still at the bottom of the first inning, they say.

DraftKings' Founders Say Profitability Depends On Rollout Of States Legalizing Sports Betting

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Responsible Gaming Education Initiative's First Networkwide Retail Sportsbook Rollout Responsible Gaming Education Initiative's First Networkwide Retail Sportsbook Rollout

DraftKings Commits to Have A Game Plan.® Bet Responsibly.

DraftKings CEO Jason Robins said he has looked into adding cryptocurrencies as a form of payment for his online sports betting company but admitted that the current regulations prevented him from pursuing the matter further.  "The payment methods we can accept are determined by the individual state regulators and, as of now, crypto is not an approved payment type in any of the states where we're live," Robins said during a live town hall hosted by stock trading app Public Wednesday.

The CEO of DraftKings says he's looked into adding crypto as a form of payment, but regulations are preventing it (DKNG)

DraftKings can rise further assuming it hits revenue and margin targets. DKNG stock could be worth 34% more at $73, assuming it achieves 2025 revenue and margin targets.

DraftKings Stock Should Rise By 34% Based on Revenue Projections

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DraftKings has a huge market opportunity as states legalize sports betting and economies open up. DKNG stock is a strong buy.

DraftKings Is Worth Betting On As It Soars Higher

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Analysts have provided the following ratings for DraftKings (NASDAQ:DKNG) within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 1 2 4 Somewhat Bullish 0 2 1 2 Indifferent 0 1 0 0 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 17 analysts have offered 12-month price targets for DraftKings. The company has an average price target of $72.74 with a high of $87.00 and a low of $42.50.

Where DraftKings Stands With Analysts

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News for DraftKings Stock (DKNG)