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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Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

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Income tax payable

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Stockholders equity

Minority interest

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Change in stock

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Net change in cash

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 stock has been a good bet all year but Cathie Wood seems to think the odds of the rally continuing don't look great.

Cathie Wood Sold More DraftKings Stock. Wall Street Is Still Bullish.

American Express

Deckers Outdoor

In addition to stuffing a stocking this holiday season, why not give your portfolio a boost with the addition of some high-flying stocks. As the market continues to be in a jolly mood this November, and with a Santa Claus rally starting to form as we approach year's end, now is a great time to review your portfolio and decide what stocks to buy as we head into 2024.

Maximize Your Holiday Earnings With These 3 Stocks

DraftKings Q3 showed strong sales & marketing operating leverage. The company is demonstrating that its outer-year targets are not only achievable but also beatable. Upgrading the stock to "Buy" as it demonstrates cost controls and impressive operating leverage.

DraftKings Q3: 2026 EBITDA Targets Look Beatable (Upgrade)

AMC Entertainment

Cava Group, Inc.

Cameco

Kinder Morgan

Royal Caribbean Cruises

Safety Shot Inc

With inflation showing signs of cooling, and hope the Federal Reserve may be wrapping up its rate-hiking campaign, markets have been moving aggressively higher. While that's been great news for most stocks, there are still a few top stocks to sell immediately.

Avoid the Drop: 7 Stocks to Unload Before They Slump

Caesars Entertainment

NIKE

It's almost turkey time, but Thanksgiving means more than stuffing yourself and enjoying leftovers for a week. But it's also time for football.

Scoring Big: 3 Football Stocks to Keep an Eye On This Thanksgiving

Coinbase

Roku

DraftKings has been growing fast this year, with revenue expected to rise by 68%. Coinbase's operating losses shrank, and the excitement around crypto in 2023 helped this volatile stock.

3 Red-Hot Cathie Wood Stocks That Have Doubled This Year

Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard.

DKNG: Penn Entertainment Stock Explodes Higher As ESPN BET Off To Massive Start

FuboTV

Honest Co

Consumer Discretionary Select Sector SPDR Fund

Cooling inflation, a less-hawkish Fed, upbeat holiday sales and decent earnings may boost consumer discretionary stocks like AMC Entertainment (AMC), Royal Caribbean Cruises (RCL), DraftKings (DKNG), fuboTV (FUBO) and The Honest Company (HNST).

4 Reasons Why Consumer Discretionary Stocks Are a Buy Now

Li Auto Inc.

Riot Blockchain

The beginning of the year is the best time to accumulate quality growth stocks which can do wonders for a portfolio. However, the markets continue to provide attractive opportunities.

The Growth Rocket: 3 Stocks Set to Dominate the Market Next Year

Light & Wonder Inc

This latest breadth thrust has prompted buying pressure in the more speculative pockets of the market.

Gaming Stocks Return to Favor as DraftKings Soars to 52-Week High

Disney

ESPN BET, a collaboration between PENN Entertainment and ESPN/Disney, enters the sports betting market as a competitor to DraftKings. DraftKings posts strong Q3 results, becoming the top player in gross revenue for online sports betting and iGaming in the US. DraftKings has a strong customer experience and established brand, with opportunities for growth in the US and international markets.

DraftKings: ESPN BET Not As Much Of A Threat Right Now

Lululemon Athletica

Novo Nordisk

What do stretchy pants, fat-loss drugs, and sports betting have in common? Each of these is powering some of the strongest mega-trends on Wall Street.

3 Industry Titans Benefitting from Mega Trends

A Wisconsin teenager admitted in New York federal court to orchestrating the 2022 hack on the DraftKings fantasy sports betting site that drained money from about 1,600 customer accounts.

'Fraud is fun' Draft Kings hacker pleads guilty in fantasy sports betting case

Electronic Arts

Hilton Worldwide Holdings

Skechers U.S.A.

Inflation is declining steadily and with the holiday season around the corner stocks like DraftKings (DKNG), Electronic Arts (EA), Hilton Worldwide Holdings (HLT), Royal Caribbean Cruises (RCL) and Skechers U.S.A. (SKX) are likely to benefit.

5 Solid Stocks to Buy as Inflation Continues to Decline

Despite trading at its highest level since November 2021, the digital sports entertainment leader has major league momentum on its side. Thanks to much improved financial results, its shares have tripled year-to-date.

Even at a 2-year high, DraftKings is a winning bet

Online sports betting and iGaming in the United States will be a $30 billion total addressable market (TAM) in 2028, up from $20 billion this year, according to DraftKings.

DraftKings Expects Online Gaming to Reach $30 Billion by 2028

Penn Entertainment

DKNG stock climbs after DraftKings hikes outlook on rapid gambling growth. PENN stock rallies after ESPN Bet launch.

DKNG Stock: DraftKings Hoists Outlook On Rapid Growth; PENN Stock Rallies On ESPN Bet Launch

MINISO Group Holding

Tilray Brands

It's common to find healthy business model companies that are addressing large markets but also struggling with cash burn. Keeping a close watch on these firms is prudent, looking for fundamental improvements in cost cutting, changes in product-mix, and operating leverage.

3 Stocks to Buy for a Big Rally Backed by Improving Fundamentals

Cathie Wood, ARK Invest sell nearly $25 million of DKNG stock, their fourth sale in November. Betting giant DraftKings rallied 207% in 2023.

DKNG Stock: Cathie Wood, ARK Invest Unload Nearly $25 Million Of DraftKings Shares

Airbnb

Netflix

Palantir Technologies

Rivian Automotive

Tesla

Upstart Holdings

Growth stocks have been fairly resilient, considering challenges such as high interest rates and the prospect of a recession within the next twelve months. This resilience notwithstanding, however, make no mistake.

7 Growth Stocks That Are at Risk of Slowing Down Soon

Flutter Entertainment PLC

Dublin-based Flutter has applied for its shares to list on the NYSE in its first quarter of fiscal 2024.

FanDuel Parent Flutter Applies to Trade on the NYSE. Look Out DraftKings.

DraftKings (DKNG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About DraftKings (DKNG) Rating Upgrade to Buy

Here is how DraftKings (DKNG) and Electronic Arts (EA) have performed compared to their sector so far this year.

Is DraftKings (DKNG) Stock Outpacing Its Consumer Discretionary Peers This Year?

DraftKings considered bidding for the owner of William Hill and Mr Green owner, 888 Holdings PLC,  earlier this year, according to reports. The Financial Times said the US betting group discussed a bid for 888 over the summer with some of the struggling UK betting operator's top shareholders, citing two people briefed on the talks.

DraftKings considered bid for William Hill owner, FT reports

888 Holdings (LON: 888) share price will be in the spotlight on Thursday as hopes of an acquisition jumped. The stock has been under intense pressure and was trading at 81.70p, the lowest point since July 17th.

News for DraftKings Stock (DKNG)