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

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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

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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.

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 Q4 2020

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

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.

Revenue

Cost of revenue

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SG&A

Operating income

EBITDA

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Net PPE

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Stockholders equity

Minority interest

Total liabilities & equity

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Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

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Purchase/sale of investments

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Change in stock

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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.

DraftKings grew its revenue 53% in Q1, but competitor FanDuel reportedly grew 56%. So who's the real leader in online sports gambling today?

DraftKings Stock Has 30% Upside, According to 1 Wall Street Analyst

The mobile gaming company is making giant strides toward profitability.

DraftKings Stock Analysis: Hold, Sell, or Buy?

Analysts at Benchmark slightly raised the firm's price target to $52 following a beat-and-raise quarter. DraftKings beat revenue expectations, and management raised guidance for the full year.

1 Wall Street Analyst Thinks DraftKings Stock Is Going to $52. Is It a Buy Around $42?

When it comes to gambling, over a long enough time frame, the house always wins. And that appears to be the case with daily fantasy sports contest and sports betting company DraftKings, which on Friday (May 3) reported that its revenue had grown 53% year-over-year in the first quarter of 2024.

DraftKings Isn't Gambling on Its Innovation-Fueled Customer Acquisition Strategy

DraftKings Inc (NASDAQ:DKNG) shares moved higher in premarket trade after the fantasy sports betting business upped its full-year revenue guidance on the back of a strong first quarter. The company raised its fiscal 2024 revenue guidance for $4.9 billion from $4.78 billion at the midpoint and its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) projection to $500 million from $460 million.

DraftKings raises full-year revenue guidance on strong Q1

DraftKings NASDAQ: DKNG  is a prominent player in the online sports entertainment and gaming industry. Draft Kings' earnings report for the first quarter of 2024 was recently released, showcasing impressive financial performance and solidifying its position as a leader in the rapidly expanding consumer discretionary market.

DraftKings Q1: Strong Customer Acquisition and Product Innovation

DraftKings (DKNG) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to loss of $0.87 per share a year ago.

DraftKings (DKNG) Reports Q1 Loss, Tops Revenue Estimates

DraftKings stock rose late Thursday as Q1 results ran ahead of expectations. Conference call set for Friday morning.

DraftKings Stock Edges Up As Narrowed Loss, Revenue Outpace Views

DraftKings Inc. rang up a huge spike in revenue and raised its full-year sales guidance on Thursday, sending its stock up 3% in extended trading.

DraftKings posts surge in revenue, hikes full-year sales guidance

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BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.

DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million

Coupang

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If we look at some data points on investing trends, it seems that long term investing is dead, but there are millionaire-making growth stocks to be had out there. Equity holding periods have decreased in recent decades.

Millionaire-Making Machines: 7 Unstoppable Growth Stocks to Own for the Long Haul

Sports wagering has skyrocketed in popularity since the U.S. Supreme Court struck down a federal ban in 2018. Total revenues on sports betting have grown 11x in only four years, and 38 U.S. states now permit legal sports betting.

Missed Out On the Run-Up in Artificial Intelligence (AI)? Here's the Next Big Trend Investors Need to Know About -- and One Stock to Buy and Hold Forever

DraftKings Inc (NASDAQ:DKNG) steps into the earnings confessional after the stock market closes on Thursday, May 2.

DraftKings Stock Hoping For Another Post-Earnings Pop

Amgen

Booking Hlds

American stocks were mixed on Wednesday as the earnings season continued and as investors waited for the latest Federal Reserve decision. The Dow Jones rose by over 65 points while the S&P 500 and Nasdaq 100 indices fell by over 10 basis points.

Moody's, Booking, DraftKings, Amgen stocks in focus ahead of earnings

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Spotify

Shopify's revenue and free cash flow per share are surging, as the company bounces back from its post-pandemic swoon. Sports betting is now legal in 38 U.S. states.

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DraftKings' (DKNG) first-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 Q1 Earnings: What's in Store?

DraftKings (DKNG) possesses 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) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Legalized betting could be quite the motor of growth for online wagering operators like this one. That's why the pundit in question thinks the shares could zoom roughly 46% higher.

Is DraftKings Stock Going to $60? 1 Wall Street Analyst Thinks So.

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Sportradar's Q4 results were highlighted by strong margins and earnings momentum.

Sportradar: 4 Reasons Shares Could Be A Good Bet In 2024

DraftKings (DKNG) closed the most recent trading day at $41.20, moving +1.45% from the previous trading session.

DraftKings (DKNG) Laps the Stock Market: Here's Why

DraftKings (DKNG) closed the most recent trading day at $40.61, moving -0.18% from the previous trading session.

DraftKings (DKNG) Stock Declines While Market Improves: Some Information for Investors

Interest in sports betting is at an all-time high, as shown in record betting activities on this year's Super Bowl and March Madness tournament. DraftKings is gaining market share, which could be attributed to its presence in more markets than its competitors. DraftKings could generate $5.5 billion in adjusted EBITDA in 2030 due to the expected growth in the sports betting industry as well as its acquisition of Jackpocket.

DraftKings: A Long-Term Bet On Online Gambling Growth

DraftKings is a major player in the online gambling industry and is expected to become profitable next year. The company has made key updates, including an intent to acquire online lottery app Jackpocket and expanding its Online Sports Betting offering into newer markets. DraftKings has strong growth potential as the online gambling market expands, with a focus on online sports betting.

DraftKings Looks Appealing As TAM Expands Led By New Markets And Robust Tech Stack

BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (Nasdaq: DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive officer, Jason Robins. Kalani becomes DraftKings' first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company's player safety and protection activities and initiatives across all facets of its platforms and player communities.

News for DraftKings Stock (DKNG)