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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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2024

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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.

World Wrestling Entertainment

One of the leading online sports betting companies is continuing to add to its list of sports league deals with an announcement Monday. What Happened: DraftKings Inc (NASDAQ: DKNG) and World Wrestling Entertainment Inc (NYSE: WWE) entered into an agreement to make the sports betting company the official gaming partner of the WWE.

DraftKings Steps Into The Ring With WWE

DraftKings has been an excellent performer amid the onslaught in high-growth stocks. Let's see if we can get DKNG stock on a discount too.

Bet on a DraftKings Dip? Let's Hope for One to Buy

The sports betting company will launch the inaugural free-to-play pool at the upcoming WrestleMania event.

DraftKings Signs Exclusive Deal With WWE

BOSTON & STAMFORD, Conn.--(BUSINESS WIRE)--DraftKings (Nasdaq: DKNG) and WWE (NYSE: WWE) today announced that DraftKings will become an Official Gaming Partner of WWE, subject to regulatory approval in all applicable jurisdictions. The collaboration centers on DraftKings' popular free-to-play pools product and will launch with an inaugural free-to-play pool at WWE's two-night pop culture extravaganza, WrestleMania, on April 10 and 11. “As a cultural icon and incredible sports and entertainment

DraftKings and WWE Enter Historic New Deal

Caesars Entertainment

Penn Entertainment

Although it was carried on across the United States every single day of the year, sports betting was only legal in Nevada and Delaware.

Online Sports Betting Is On Fire: Grab These Top Stocks to Buy Now

Boyd Gaming

Churchill Downs

FuboTV

Las Vegas Sands

MGM Resorts

Melco Resorts and Entertainment

Wynn Resorts

Spanning the gamut of casinos, online gambling, and sports betting.

The 10 Largest Gambling Stocks of 2021

After reaching the highs of $64 in October 2020, Draft Kings stock has gained just 12% despite the company increasing its U.S. iGaming market's projection from $21 billion in March 2020 to $40 billion as per a recent investor presentation. The sizable jump in the total addressable market has.

Draft Kings Stock Looks Expensive

BOSTON, March 24, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that Jason Robins, co-founder, Chief Executive Officer and Chairman of the Board, will participate in the following conference:

DraftKings Announces Jason Robins' Participation in Upcoming Virtual Conference

GlaxoSmithKline

Southwest Airlines

Netflix

Alexion Pharma

Burlington Stores

Inovio Pharmaceuticals

MongoDB

Snowflake

With the trading day about halfway over, the broad markets had pulled back slightly.

DraftKings, GlaxoSmithKline, Netflix, Southwest and More Tuesday Afternoon Analyst Calls

Canopy Growth

RCI Hospitality

SNDL Inc.

Tilray Brands

With these previously oversold sin stocks now overbought, what's the best move? It's time to quit them, cold turkey.

7 Sin Stocks That You're Better off To Just Say ‘No'

The shares of Draftkings Inc (NASDAQ:DKNG) are down 1.6% at $70.84 at last check, but earlier hit a record high of $74.38, after Loop Capital reiterated its view of the equity as a "top pick.

Draftkings Stock Hits Fresh High on Analyst Praise

DKNG stock has done well under tough economic conditions. The stimulus and the pandemic gave it a shot of adrenaline.

Place Your Bets on DraftKings Stock Because It Is Going Places

Skillz

If you're going to bet on the betting industry, these three off-the-beaten-path winners grew their revenue by at least 95% in their latest quarter.

3 Gambling Stocks Poised for a Bull Run

The stimulus checks are on their way out the door to the American public. The government announced last week that immunizations are well ahead of schedule since the process was reformed after the new administration took office in January.

Reopening Could Kick Off Live Sports Stocks (NASDAQ: DKNG) (NYSE: FUBO) (OTC US: BTDG) (NASDAQ: CHDN)

DraftKings and Steve Case: Why the co-founder of AOL rolled the dice.

DraftKings and how AOL co-founder Steve Case made a killing

Shares of sports-betting platforms DraftKings Inc. and Penn National Gaming Inc. rallied Friday as March Madness gets ready to tip off.

March Madness tipoff boosts DraftKings, Penn National shares

Many sports betting operators could cash in even more than expected because of this opportunity.

DraftKings' In-Game Betting Could Be Very Profitable, Analyst Says

Bally's

Esports Entertainment Group

Golden Nugget Online Gaming

Red Rock Resorts

Our gaming index imploded, but it then bounced back to the record-setting territory. Pent-up demand from many Americans has caused the gaming industry to see an uptick in customer demand.

Vegas Ready To Recover From Pandemic: Now It's A Stock Picker's Game

Roblox

The ARK Invest founder is making sizable bets on these fledgling public companies.

3 Recent IPO Stocks Cathie Wood Is Buying Now

The Madness is about to begin! No, we aren't talking about the stock market, we are talking about the NCAA Basketball Tournament that dominates the sports world every March.

2 stocks for March Madness: Penn vs DraftKings:

March Madness begins Thursday, and most of the $1 billion in bets expected to be made on the basketball tournament will come online. The post DraftKings, Gambling Stocks To Cash In On Biggest Sports-Betting Event appeared first on Investor's Business Daily.

DraftKings, Gambling Stocks To Cash In On Biggest Sports-Betting Event

DraftKings is one of the top IPO stocks to watch, as gambling legalization gains steam. Here is what the fundamentals and technical analysis say about buying DKNG stock now.

DraftKings Stock: Is It A Buy Right Now After Deal With UFC?

BOSTON, March 16, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) announced today that it priced a private offering of $1.1 billion aggregate principal amount of 0% Convertible Senior Notes due 2028 (the “Notes”). The Notes will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted to the initial purchasers of the Notes a 13-day option to purchase up to an additional $165 million aggregate principal amount of Notes. The sale is expected to close on March 18, 2021, subject to satisfaction of customary closing conditions. The size of the offering was increased from the previously announced $1 billion aggregate principal amount of the Notes.

DraftKings Inc. Announces Pricing of $1.1 Billion Upsized Offering of Convertible Senior Notes

DraftKings Inc. announced Tuesday the pricing of its upsized $1.1 billion private offering of convertible senior notes, which will pay 0% interest and mature on March 15, 2028. On Monday, the digital sports gaming company said it was planning a $1.0 billion convertible debt offering.

DraftKings upsized $1.1 billion notes offering prices, with initial conversion rate 40% above stock's last close

Legal sports betting for the event could even reach $1.5 billion, analysis says.

News for DraftKings Stock (DKNG)