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Online Gaming

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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

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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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.

LOS ANGELES , Aug. 14, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ: DKNG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

DKNG Investors Have Opportunity to Join DraftKings Inc. Securities Fraud Investigation with the Schall Law Firm

NEW YORK, NY / ACCESSWIRE / August 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of DraftKings Inc. ("DraftKings") (NASDAQ:DKNG) concerning possible violations of federal securities laws. DraftKings issued a press release on August 1, 2024, announcing its financial results for the second quarter of 2024.

An Investigation Has Commenced on Behalf of DraftKings Inc. Shareholders. Contact Levi & Korsinsky to Discuss your DKNG Losses

NEW YORK, NY / ACCESSWIRE / August 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of DraftKings Inc. ("DraftKings") (NASDAQ:DKNG) concerning possible violations of federal securities laws. DraftKings issued a press release on August 1, 2024, announcing its financial results for the second quarter of 2024.

ATTENTION DraftKings Inc. Investors: You May Have Been Affected by Fraud- Contact Levi & Korsinsky to Discuss Your Rights

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DraftKings can help Investors profit off the growing $45 billion online sports betting market. This ride-sharing company has made significant improvements, but the stock is still in the gutter.

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NEW YORK, NY / ACCESSWIRE / August 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of DraftKings Inc. ("DraftKings") (NASDAQ:DKNG) concerning possible violations of federal securities laws. DraftKings issued a press release on August 1, 2024, announcing its financial results for the second quarter of 2024.

Lost Money on DraftKings Inc. (DKNG)? You May Have Been Affected by Fraud - Contact Levi & Korsinsky

Investors Who Lost Money on DraftKings Inc. Should Contact Levi & Korsinsky About an Ongoing Investigation - DKNG

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U.S. online sports betting users are projected to grow by 17 million over the next five years. DraftKings' unique users increased by 2.2 million from last year.

Despite Being Down 55% From Its Peak, Here's Why I'm Loading Up On This Growth Stock

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If taxes go up on online gaming there's not a lot DraftKings can do about it.

The Hidden Battle DraftKings Can't Win

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The widespread legalization of sports betting is breathing new life into the Paris 2024 Olympics.

2 Sports Betting Stocks to Watch Amid Olympics, Earnings

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On the heels of the recent release of a weak jobs report, now may be the time to figure out what are the consumer discretionary stocks to sell. Sure, economists and pundits may argue that this latest jobs report is not necessarily a sign of a looming U.S. recession.

7 Consumer Discretionary Stocks to Sell in August Before They Crash and Burn

DraftKings Inc. DKNG reported mixed second-quarter financial results, after the closing bell on Thursday.

These Analysts Lower Their Forecasts On DraftKings After Q2 Results

Shares of DraftKings (DKNG) tumbled Friday after the online sports gambling platform cut its profit forecast and announced it would put a surcharge on winnings for bettors in high-tax states as a way to boost earnings.

DraftKings Cuts Profit Outlook, Will Charge Some Bettors an Extra Fee

The sports gaming industry is at a crossroads, with technological innovation, regulatory changes, and consumer habits all combining to drive rapid evolution. And all three of those themes were central to executive commentary during DraftKings' second-quarter 2024 earnings call Friday (Aug. 2).

DraftKings Slides on Forecast, Debuts Gaming Tax Surcharge

DraftKings (NASDAQ: DKNG ) caught DKNG stock investors off guard on Friday when the sports betting company announced a new gaming tax surcharge in its latest earnings report. During that report, DraftKings cofounder and CEO Jason Robins revealed plans to implement a gaming tax surcharge.

DKNG Stock Alert: DraftKings Announces Gaming Tax Surcharge

Shares of DraftKings Inc DKNG tanked in early trading on Friday, after the company reported its second-quarter results.

DraftKings Reports Q2 Miss, Analysts Wonder If Surcharges On Winnings Are A 'Gamble'

DraftKings Inc. (NASDAQ:DKNG ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder and Chief Executive Officer Alan Ellingson - Chief Financial Officer Conference Call Participants David Katz - Jefferies Shaun Kelley - BofA Stephen Grambling - Morgan Stanley Joe Greff - JPMorgan Clark Lampen - BTIG Robert Fishman - MoffettNathanson Ben Miller - Goldman Sachs Robin Farley - UBS Dan Politzer - Wells Fargo Joe Stauff - Susquehanna Carlo Santarelli - Deutsche Bank Bernie McTernan - Needham & Company Jed Kelly - Oppenheimer Barry Jonas - Truist Brandt Montour - Barclays Jordan Bender - Citizens JMP Ryan Sigdhal - Craig-Hallum Capital Group Michael Graham - Canaccord Genuity Chad Beynon - Macquarie Jeff Stantial - Stifel Lance Vitanza - TD Cowen Operator Good day, and thank you for standing by. Welcome to DraftKings' [First Quarter] (sic) Second Quarter 2024 Earnings Call.

DraftKings Inc. (DKNG) Q2 2024 Earnings Call Transcript

DraftKings beat earnings expectations and narrowly missed Wall Street's sales target in Q2. Even though the company raised its full-year sales target, it significantly reduced its adjusted EBITDA forecast.

Why DraftKings Stock Is Sinking Today

DraftKings reported Q2 earnings in line with expectations, growing well and expanding profitability through scaling operations. The 2024 outlook was revised into more aggressive revenue growth but lower adjusted EBITDA with multiple underlying factors under the change. The company continues improving its underlying financials from the incredibly high CAC in prior years, and is well on track to achieve its longer-term targets.

DraftKings: Another Step Closer Into A Profitable Giant

DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. Starting next year it will implement a gaming surcharge on winning bets in states with multiple betting operators and where the tax rate is above 20%.

DraftKings to tax winning bets in high-rate states in a bid to boost profit

DraftKings NASDAQ: DKNG is in the consumer discretionary sector and is the 17th largest U.S. company in the Hotel, Restaurants, and Leisure industry, with a market capitalization of $17 billion. It is underperforming its sector so far in 2024, with a total return of 0.7%.

DraftKings Shares Fall After EPS Beat, Lower EBITDA Guidance

DraftKings Inc.'s stock slid 5% early Friday as analysts weighed in on quarterly earnings that showed a profit but revenue that lagged estimates, with most taking a bullish stance on the company's longer-term prospects.

DraftKings' stock slides 5% after revenue miss, but analysts are still upbeat

Raises 2024 Revenue Guidance Midpoint to $5.15 Billion; Revises 2024 Adjusted EBITDA Guidance Midpoint from $500 Million to $380 Million; Continues to Expect 2025 Adjusted EBITDA in the Range of $900 Million to $1.0 Billion Raises 2024 Revenue Guidance Midpoint to $5.15 Billion; Revises 2024 Adjusted EBITDA Guidance Midpoint from $500 Million to $380 Million; Continues to Expect 2025 Adjusted EBITDA in the Range of $900 Million to $1.0 Billion

DraftKings Reports Second Quarter Revenue Growth of 26% to $1,104 Million; Announces $1.0 Billion Inaugural Share Repurchase Authorization

DraftKings (DKNG) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.17 per share a year ago.

News for DraftKings Stock (DKNG)