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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Minority interest

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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.

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Dow Jones aerospace and defense giant Boeing, along with ASML, Cadence and DraftKings, are in or near buy zones in today's stock market. The post Dow Jones Aerospace Giant Boeing Eyes Latest Buy Point.

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Growth is accelerating at DraftKings and Celsius, soaring 84% and 95% respectively in their latest financial updates. DraftKings has boosted its guidance in back-to-back quarters, and its losses are finally starting to narrow.

2 Growth Stocks to Invest $2,000 in Right Now

DraftKings Inc. is starting to benefit more from its scale, and that dynamic could help power its stock further, according to an analyst.

DraftKings' stock has doubled this year, but one new bull sees more room to run

Analysts are eagerly pushing buy calls on DraftKings Inc. DraftKings' valuation has been meaningfully cut down and ''de-risked.''

DraftKings: What Analysts Are Seeing

UBS analyst Robin Farley upgraded sports-betting firm DraftKings to Buy from Neutral, and lifted her price target to $30 from $19.

DraftKings Stock Has Doubled in 2023. One Analyst Sees More Upside.

Analysts at UBS have awarded Draftkings Inc (NASDAQ:DKNG) a ‘Buy' rating with a $30 price target as the sports gambling company penetrates new markets.  Following strong first-quarter results earlier in May, the broker raised its price target for DraftKings from $19, saying expansion into new markets should fuel the company's growth.

DraftKings earns target increase from UBS as new markets open scope from growth

The shares of DraftKings Inc (NASDAQ:DKNG) are 3.8% higher to trade at $25.02 this morning, after UBS upgraded the sports gambling company to "buy" from "neutral.

Analyst: Gamble on DraftKings Stock Now

DraftKings has a long runway for growth still ahead. The company is progressing toward sustained profitability.

A Bull Market Is Coming: 3 Reasons to Buy DraftKings Stock

A boastful teenage hacker has been charged with orchestrating a break-in to the sports betting website DraftKings, which led to $600,000 being drained from hundreds of customer accounts.

‘Fraud is fun': Teen hacker charged with breaking into DraftKings accounts leading to theft of $600,000

Federal prosecutors on Thursday announced criminal charges against an 18-year-old Wisconsin man for a scheme to hack user accounts of the sports betting site DraftKings.

Teen charged with hacking sports betting site DraftKings bragged 'fraud is fun,' feds say

DexCom

As more states legalize sports betting, DraftKings stock benefits from a greater pool of potential customers. DexCom's continuous glucose monitoring devices help diabetics keep track of their condition.

What Recession? These Companies Expect 20% Sales Growth This Year.

BOSTON, May 15, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced that:

DraftKings Announces Jason Robins' and Jason Park's Participation in Upcoming Events

SolarEdge Technologies

Snowflake

Let's first understand what hyper-growth stocks truly are in order to understand the real potential here. Hyper-growth generally refers to companies that provide a compound annual growth rate (CAGR) of at least 40%, whereas growth stocks generally clock in at around a 20% CAGR.

3 Hyper-Growth Stocks That Have Huge Growth Potential in 2023

DraftKings NASDAQ: DKNG shares are set up for an upswing in prices driven by execution, results, and the analyst. The company has been working relentlessly to expand into newly legalized territories, enhance offerings in maturing states and control costs.

An Updraft Is Brewing For DraftKings

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As interest rates continue to climb, there are plenty of overvalued hyper-growth stocks to avoid right now. This comes even as stocks, in particular growth stocks, have pulled back considerably since late 2021.

7 Hyper-Growth Stocks That Are Overvalued and Risky Right Now

DraftKings reported first-quarter earnings that impressed stock market investors.

Should Investors Buy DraftKings Stock Right Now?

Analysts at Canaccord Genuity (TSX:CF, LSE:CF) have upped their price target for Draftkings Inc (NASDAQ:DKNG) after the sports gambling company hit a home run with its first quarter results. The analysts noted that DraftKings' 1Q revenue and profitability had both come in well ahead of consensus expectations as investments over recent years to improve its technology platform and build brand awareness drove market share gains.

DraftKings scores price target raise as profitability inflection nears: broker

Revenue keeps growing and losses keep piling up at DraftKings.

Will DraftKings Ever Make Money?

Apple

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Meme stocks comprise a wide spectrum of companies ranging from those sensible investors steer clear of, to firms with near-universal respect. This list of investment ideas sourced from here pulls primarily from the latter.

The 7 Best Meme Stocks to Buy for 2023

Chewy

Investing in growth stocks can be lucrative for long-term investors.

Best Growth Stock to Buy: DraftKings vs. Chewy

DraftKings spends tons of money on advertising, customer incentives, and stock-based compensation. The business seems to be on solid footing, but that might not mean investment returns for shareholders.

Is This Growth Stock a Sure Bet for a Rebound?

ATLANTIC CITY, N.J. (AP) — Americans have bet over $220 billion on sports with legal gambling outlets in the five years since the U.S. Supreme Court cleared the way for all 50 states to offer it, and the industry shows few signs of slowing despite some recent scandals that have put a spotlight on wagering safeguards.

Americans have legally bet over $220 billion on sports in the past 5 years

It was down 43% over the previous three months, and down 72% over the previous year. This prompted CEO Jason Robins to fire off an infamous tweet suggesting that people would regret selling the company's stock.

Why DraftKings CEO Jason Robins isn't celebrating the company's big year: ‘I'll gloat when I'm dead'

DraftKings outperformed expectations in the first quarter. Management raised its full-year revenue guidance and said it expects substantial improvements to the bottom line.

Why DraftKings Stock Downright Flew on Friday

DraftKings Inc. (NASDAQ:DKNG ) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder, Chief Executive Officer and Chairman Jason Park - Chief Financial Officer Conference Call Participants Shaun Kelley - Bank of America Bernie McTernan - Needham & Company Edward Young - Morgan Stanley Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities Daniel Politzer - Wells Fargo Benjamin Chaiken - Credit Suisse Jed Kelly - Oppenheimer Robert Fishman - MoffettNathanson Joseph Stauff - Susquehanna Clark Lampen - BTIG Chad Beynon - Macquarie Research Robin Farley - UBS Jordan Bender - JMP Securities Ryan Sigdahl - Craig-Hallum Capital Group John DeCree - CBRE Securities Operator Good day, and thank you for standing by. Welcome to the DraftKings Q1 2023 Earnings Call.

News for DraftKings Stock (DKNG)