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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.

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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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.

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.

DraftKings (DKNG) Q2 Earnings Beat Estimates

Sports betting and iGaming company DraftKings Inc DKNG reported second-quarter financial results after the market close Thursday.

DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earnings

DraftKing Inc.'s stock tumbled 5% in after-hours trading Thursday, after the company swung to an unexpected second-quarter profit but revenue fell slightly short of estimates.

DraftKings shares skid after revenue miss weighs against surprise profit

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Online betting service DraftKings said is closing down its three-year-old non-fungible token (NFT) marketplace. The company announced Tuesday (July 30)  it was shuttering the marketplace, along with Reignmakers, a fantasy sports game based around NFTs, due to “recent legal developments.

DraftKings Shutters NFT Marketplace Amid Legal Headaches

DraftKings' (DKNG) second-quarter 2024 performance is likely to have benefited from robust demand for mobile sports betting and heightened customer acquisition, engagement and retention strategies.

DraftKings (DKNG) to Report Q2 Earnings: What's in Store?

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DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

DraftKings (DKNG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Wall Street Analysts See DraftKings (DKNG) as a Buy: Should You Invest?

Analysts at the Bank of America have lowered their price target on Draftkings Inc (NASDAQ:DKNG) to $50 ahead of the fantasy sports contest and sports betting company's second quarter earnings report, due on August 1 after the market close. Shares DraftKings traded hands at about $38 on Tuesday.

DraftKings quarterly earnings miss expected as focus shifts to 2024 guidance

DraftKings says it plans to launch its online sportsbook in Washington, D.C. Assuming it gets the license and regulatory approval it needs, DraftKings would make the nation's capital its 29th North American market, the company said in a Tuesday (July 23) press release.

DraftKings Bringing Online Sportsbook to Washington DC

BOSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced its intention to launch its top-rated online sportsbook in Washington D.C., pending licensure and regulatory approvals. The expected arrival into the nation's capital follows a market access agreement with D.C. United, which would pave the way for the digital sports entertainment and gaming company to operate in The District of Columbia. Once live, Washington D.C. would become the 29th jurisdiction in North America in which the DraftKings Sportsbook operates.

DraftKings Plans to Launch Mobile Sports Betting in Washington D.C.

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LAS VEGAS, July 22, 2024 (GLOBE NEWSWIRE) -- Musburger Media today announced it has purchased VSiN, The Sports Betting Network (“VSiN”), from DraftKings Inc. (Nasdaq: DKNG). Original VSiN founders Brian Musburger and Bill Adee, who were part of the team that previously launched and led the multi-platform broadcast and content company, will lead it moving forward.

Musburger Media Purchases VSiN, The Sports Betting Network

BofA Securities analyst Shaun Kelley trimmed his price target on DraftKings to $50 from $54, but kept a Buy rating.

DraftKings Could Have a Tough Quarter. One Analyst Is 'Ready for Some Football.

The latest trading day saw DraftKings (DKNG) settling at $36.93, representing a +0.71% change from its previous close.

News for DraftKings Stock (DKNG)