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.

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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 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

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Cash & equivalents

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Inventory

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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.

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

Apple

Bruker

Chipotle

Datadog

HubSpot

Intuitive Surgical

KLA-Tencor

Lockheed Martin

Lam Research

Las Vegas Sands

MongoDB

Netflix

NVIDIA

Paycom Software

Pinterest

Insulet

Rockwell Automation

Teradata

TKO Group Holdings Inc

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

Entain PLC

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

Penn Entertainment

These companies are capitalizing on rising interest in online gambling.

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

Shopify

Tesla

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.

3 Cathie Wood Stocks That Should Be on Every Investor's Radar This Fall

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

Roundhill Sports Betting & iGaming ETF

VanEck Vectors Gaming ETF

Gambling.com Group

MGM Resorts

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

Airbnb

argenx

Costco

ServiceNow

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

Caesars Entertainment

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

Palantir Technologies

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

A Bull Market Is Coming: 2 Top Stocks to Buy Now That Could Help You Claim Your Share of the Profits

The wager, bearing the title "Never Forget," was a parlay bet that the New York Mets, New York Yankees, and New York Jets would win their respective games on September 11. DraftKings apologized and said it respects the "significance of this day."

DraftKings apologizes for 9/11-themed 'Never Forget' parlay bet

DraftKings Inc. DKNG, -0.19% issued an apology on Monday after posting a 9/11-themed sports-betting wager to entice people to bet on baseball and football games on the anniversary of the 2001 terror attacks that killed nearly 3,000 people in the U.S.

DraftKings issues apology for 9/11-themed betting promotion

The 9/11 terror attacks killed nearly 3,000 Americans, most in New York. DraftKings offered gamblers a parlay bet on New York teams winning on the anniversary.

DraftKings apologizes for 9/11 sports bet promo on New York teams

There's a great deal of consumer interest in betting on sports within the U.S. This interest is most pronounced among National Football League fans. DraftKings could leverage this interest to bring new bettors to its mobile app.

This 1 Crazy Statistic Makes DraftKings Stock a Buy

DraftKings stock has been a big winner in 2023, but the rally may be overdone. The company has delivered strong revenue growth and market share gains, all while executing on margin expansion. I discuss the stock valuation using management's long-term targets and aggressive underlying assumptions.

DraftKings Is Priced For Perfection

After saying in June that I'd bet on DraftKings Inc. posting Q2 positive EBITDA, the company delivered, helping send shares higher. PENN Entertainment, Inc. and ESPN forming a strategic partnership increases competition, but DraftKings and FanDuel still have built-in advantages moving forward. I'd take some trading profits and let the rest ride on the stock.

DraftKings: Hitting On All Cylinders

Disney

Kickoff is scheduled for 8:20 p.m. Eastern on Thursday when the Kansas City Chiefs go up against the Detroit Lions.

NFL Games Are Back. These 3 Stocks Could Win Football Season.

Eli Lilly

McDonald's

American Eagle Outfitters

DocuSign

e.l.f. Beauty

General Mills

Johnson & Johnson

Micron Technology

Otis Worldwide

Schlumberger

Dell Technologies

Here are some of the tickers on my radar for Thursday, Sept. 7, taken directly from my reporter's notebook.

Here are the 13 stocks Jim Cramer is watching, including Eli Lilly, McDonald's

BOSTON, Sept. 06, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that Jason Park, the Company's Chief Financial Officer, will participate in the following event:

DraftKings Announces Jason Park's Participation in Upcoming Event

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Is DraftKings (DKNG) a Buy as Wall Street Analysts Look Optimistic?

News for DraftKings Stock (DKNG)