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

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

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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Cost of revenue

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SG&A

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EBITDA

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Earnings per share

Total assets

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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.

Despite being up 200% in 2023, there still is plenty of upside ahead.

Up 200% in 2023, Could DraftKings Stock Double in 2024?

Applied Blockchain Inc

Cipher Mining

After a tough year in the equities space in 2022, the market rebounded quite robustly, warranting a discussion of the best performing stocks of 2023. However, it's no good to just consider empty statistics.

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Abercrombie & Fitch

Dream Finders Homes

If you're looking for stocks to buy that are up 200% or more in 2023, the S&P 500 won't cut it. Only one name is up that much.

3 Stocks to Buy That Are Up 200% or More in 2023

DraftKings has just begun to capitalize on a vast addressable market. The stock combines massive revenue growth with a low valuation.

3 Reasons to Buy DraftKings Stock, and 1 Reason to Sell

Snowflake

Snowflake's revenue and expense growth are trending in opposite directions. Snowflake has a 135% retention rate, hinting that its products are effective and a hit with its customers.

These 2 Stocks Carry a Lot of Risk, But Their Upside Is Huge

DraftKings expects results to improve significantly in the years ahead. The burgeoning site is seeing a growing number of customers.

4 Charts That Show Why DraftKings Stock Can Still Soar Higher

CrowdStrike

Royal Caribbean Cruises

DraftKings, CrowdStrike, and Royal Caribbean have all more than doubled in 2023, and momentum is strong heading into the new year. DraftKings keeps winning on the top line with its bottom line turning the corner.

3 Hot Stocks That Can Double Again in 2024

Pacific Biosciences of California

Roku

Cathie Wood stocks have been on a big roll lately, as Ark Innovation ETF (NYSEARCA: ARKK ) soared 31% in November, with Coinbase (NASDAQ: COIN ), Roku (NASDAQ: ROKU ), Shopify (NYSE: SHOP ) and CRISPR (NASDAQ: CRSP ) among the winning names that pushed Wood's Innovation fund far into the black. So maybe ARKK, which is now up 50% in 2023, is finally mounting a big comeback after losing 67% in 2022 and 23% in 2021.

The 3 Best Cathie Wood Stocks to Buy in December

DraftKings is the leader in sports gambling and gaining market share. The company is growing quickly but not generating a profit.

DraftKings Stock Rocketed 215% Higher This Year. Will the Party Continue in 2024?

Sports betting operator DraftKings is reportedly facing a class-action lawsuit filed in the Massachusetts Superior Court.  The lawsuit alleges that the company designed an “unfair and deceptive” promotional offer with the intention of misleading new customers, the Financial Times (FT) reported Friday (Dec. 8).

Class-Action Lawsuit Targets DraftKings Promotional Offer

DraftKings (DKNG) introduces "Pick6," a fantasy sports variant that operates on a peer-to-peer model.

DraftKings (DKNG) Debuts Pick6, A Peer-To-Peer Fantasy Game

Disney

Penn Entertainment

Penn Entertainment's ESPN Bet presents a transformative opportunity in the sports betting market. DraftKings has demonstrated resilience and strong growth in a competitive landscape.

4 Things Investors Need to Know Before Betting Big Amid Sportsbook Rivalry

DraftKings is experiencing strong revenue momentum in online sports betting and is growing its market share in its core market. The betting platform is seeing sustained user growth. Losses are narrowing, customer acquisition costs are falling. DraftKings is nearing a crucial inflection point in FY 2024 as it projects to post positive adjusted EBITDA for the first time.

DraftKings: Nearing An Inflection Point (Rating Upgrade)

New App and Web Product is Available Starting December 6th in Select States New App and Web Product is Available Starting December 6th in Select States

DraftKings Launches “Pick6”—A Peer-to-Peer Fantasy Sports Variant

Coca-Cola

Sports Broadcaster Taylor Rooks Returns as Host Major Sponsors include Porsche, DraftKings, Prime Video, Las Vegas Raiders, National Football League, and ESPN Films LAS VEGAS , Dec. 5, 2023 /PRNewswire/ -- The 5th Annual Sports Power Brunch: Celebrating the Most Powerful Women in Sports™ announced today Coca-Cola® Zero Sugar as the Presenting Sponsor for the highly anticipated event taking place on Wednesday, February 7, 2024 at ARIA Resort & Casino in Las Vegas. The event promises to be a one-of-a-kind experience for attendees, featuring an all-star lineup of honorees, panelists, and special guests.

Coca-Cola® Zero Sugar Named Presenting Sponsor of the 5th Annual Sports Power Brunch: Celebrating the Most Powerful Women in Sports™ Honoring Sandra Douglass Morgan, Nicole Lynn, Nikki Fargas, and Stacey Allaster

Boyd Gaming

Las Vegas Sands

November through January are broadly considered to be peak holiday season. These three months are characterized by increased retail spending, travel and tourism, and splurges on luxuries.

3 Gambling Stocks to Benefit From Holiday Season Splurges

DraftKings Inc. (NASDAQ:DKNG ) 3rd Annual Craig-Hallum Online Gaming Conference December 4, 2023 9:00 AM ET Company Participants Jason Robins - Co-Founder, Chairman & CEO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Ryan Sigdahl Good morning, everyone. My name is Ryan Sigdahl, senior analyst at Craig-Hallum, covering online gambling.

DraftKings Inc. (DKNG) Presents at 3rd Annual Craig-Hallum Online Gaming Conference (Transcript)

Rivian Automotive

With the sports betting market exploding, DraftKings and its shareholders are raking it in. Forget about Tesla -- a promising young automaker could be a better play on the booming EV market.

2 Stocks With Jaw-Dropping Growth Potential to Buy Now

DraftKings is taking the lead in the fast-growing mobile gaming industry.

Great News for DraftKings Stock Investors

Albemarle

Borr Drilling Ltd

Amdocs

Kinross Gold

Li Auto Inc.

Riot Blockchain

It's painful to look back at missed opportunities in the stock market. Of course, it's impossible to buy all stocks that are attractive.

7 Stocks You'll Be Thankful You Bought in November 2023

Plug Power

Investing in growth stocks can potentially increase your wealth significantly in the long run.

Better Growth Stock: Plug Power Stock vs. DraftKings Stock

DraftKings (NASDAQ: DKNG) stock price has done well in the past few months. The shares jumped to a high of $38.75, the highest point since November 21st.

DraftKings insiders are dumping the stock but it's not a big deal

Caesars Entertainment

Flutter Entertainment PLC

Casino stocks are generally having a decent year in 2023. Two of the largest pure-play exchange traded funds (ETFs) are the VanEck Gaming ETF (NASDAQ: BJK ) and the Roundhill Sports Betting & iGaming ETF (NYSEARCA: BETZ ).

Game On: The 3 Best Casino Stocks for the Sports Betting Era

Shopify

Trane Technologies plc

As we close the third quarter earnings season, it's time to reflect on the performance. Overall, it was a good quarter, with many companies exceeding earning expectations.

3 Stocks That Topped Q3 Earnings and Still Have Room to Run

Apple

Microsoft

NVIDIA

Novo Nordisk

Taiwan Semiconductor Manufacturing

The story of the stock market in 2023 has largely been about optimism around AI tinged by the continued threat of recession. Generative AI has propelled tech shares much higher.

News for DraftKings Stock (DKNG)