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

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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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EBITDA

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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.

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We are entering week four of the NFL season and online betting just got a little busier with Fanatics and Caesars Entertainment (NASDAQ: CZR ) offering live streaming of NFL games. They are doing so on their betting apps through Betvision, Genius Sports' (NYSE: GENI ) immersive sports wagering experience.

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DraftKings (DKNG) plans to introduce its online sportsbook in Kentucky on Sep 28.

DraftKings (DKNG) Launches Its Online Sportsbook in Kentucky

Growth stocks have faded in the second half of 2023. DraftKings, an online gaming and sports betting play, has still posted stellar returns for shareholders in 2023.

Is DraftKings a Must-Own Growth Stock?

DraftKings (NASDAQ: DKNG ) stock fans will want to keep an eye on the company on Sept. 28 for a potential catalyst for its shares.

Dear DraftKings (DKNG) Stock Fans, Mark Your Calendars for Sept. 28

Ceremonial First Bet Celebration to Include Kentucky Sports Radio Host Matt Jones Ceremonial First Bet Celebration to Include Kentucky Sports Radio Host Matt Jones

DraftKings to Launch Online Sportsbook in Kentucky on September 28

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Cathie Wood stocks have captivated investors for years now. Wood is a popular money manager because her investing style isn't so different from many small retail investors.

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Shares of Draftkings Inc (NASDAQ:DKNG) rose after JPMorgan analysts upgraded their rating on the stock from ‘Neutral' to ‘Overweight' and boosted their price target from US$26 to US$37. Shares of the online gambling operator added 2.5% to about US$28 shortly after noon on Tuesday.

DraftKings shares move higher on analyst upgrade

DraftKings (NASDAQ: DKNG ) stock rose 4% overnight after JPMorgan gave shares an “overweight” rating and told investors to buy a recent dip. Analyst Joseph Greff called gambling an “appealing sector” of the market.

DKNG Stock Alert: JPMorgan Is Pounding the Table on DraftKings

The shares of DraftKings Inc (NYSE:DKNG) are on the rise today, after J.P.

Analyst Calls DraftKings Stock "Undervalued" Despite 2023 Outperformance

DraftKings was upgraded to buy as a strong name in an "appealing" gambling sector. DKNG stock jumped.

DraftKings Surges On Upgrade To Buy. Cathie Wood, ARK Invest Are Cashing In.

The sports gambling giant's stock is up 150% year-to-date but remains down 60% from its 2021 peak.

DraftKings Shares Rally 5% After JPMorgan Upgrade

J.P. Morgan analyst Joseph Greff upgraded shares of DraftKings to Overweight from Neutral.

DraftKings Stock Can Be a Winner in 'Appealing' Gambling Sector, Analyst Says

DraftKings Inc. shares have lagged the S&P 500 since late July, and now JPMorgan sees a buying opportunity.

DraftKings' stock has surged 140% this year, but one new bull sees a buying opportunity

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Citi has released a list of 20 large-cap growth stocks that it says present opportunities in the event of a pullback.

These 20 growth stocks are worth considering on a pullback, says Citi

Chipotle, Draftkings, Lam Research and eight other stocks may be underappreciated by investors, according to a screen run by Citi analysts.

11 Beaten-Up Growth Stocks That Look Like Buys, Says Citi

Flutter Entertainment PLC

Online gambling in the US continues to boom and with new players entering the industry all the time, analysts at Barclays believe that while the top two market leaders are unlikely to lose their spots in the coming years there is set to be a battle for third place. Updating its total addressable market (TAM) estimates to US$33 billion for the US industry in the medium term, Barclays PLC (LSE:BARC) expects this figure to charge higher to US$55 billion in the longer term, having incorporated Canada into predictions.

Entain, Flutter & DraftKings battling for US sports betting dominance

DraftKings stock: The sports betting giant is approaching a new buy point in today's stock market drop. Shares tumbled nearly 4% Tuesday.

Sports Betting Giant DraftKings Eyes New Buy Point In Today's Stock Market

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These companies are capitalizing on rising interest in online gambling.

Best Growth Stocks to Buy: DraftKings Stock vs. Penn Stock

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Love or hate her, there's no denying the influence Cathie Wood still has on the investment community. Known for populating the exchange-traded funds (ETFs) she operates with disruptive technology companies and fledgling start-ups, Wood has experienced both boom and bust over the last few years.

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Over 70 million Americans are estimated to wager on the NFL in 2023, with 15% planning to bet online. Sports betting is legalized in 38 states, driving a 44.2% increase in online gaming revenue. DraftKings has experienced significant growth, offering multi-bagger returns to shareholders and expanding into new markets.

DraftKings: Don't Go All-In Just Yet

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With the 2023 NFL season underway, sports bets are surging. In fact, according to the Associated Press, GeoComply Solutions — used to verify a customer's location — said it recorded 242.3 million geolocation transactions from legal U.S. sportsbooks.

7 Sports Betting Stocks Worth a Gamble as Football Season Kicks Off

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DraftKings and new S&P 500 entrant Airbnb lead a watch list of stocks poised to make moves if the stock market can find its footing.

This New S&P 500 Entrant Leads 5 Stocks Near Buy Points

Draftkings Inc (NASDAQ:DKNG) is set to benefit as more US states legalize gambling and its existing customer base spends more. While these are compelling dynamics, analysts at UBS are more excited by the natural reduction in promotional activity the company will have to fork out for as states mature five years after the US Supreme Court ruled in favor of sports betting in 2018.

DraftKings set to benefit from reduction in promotions in maturing markets, UBS analysts say

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Wynn Resorts

When your franchise cable channel is struggling after being the mainstay of cable since the beginning, then making a huge change and embracing the now solidly legal sports gaming industry makes a ton of sense.

ESPN Bet Sports Gambling Platform Will Be Massive: 5 Top ‘Strong Buy' Stocks May Be Huge Winners

Americans' love of sports betting is fueling DraftKings' expansion. Palantir wants to help you profit from the AI boom.

News for DraftKings Stock (DKNG)