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Revenue segments as reported by the company.

Online Gaming

Gaming Software

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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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

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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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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 latest trading day saw DraftKings (DKNG) settling at $43, representing a -0.58% change from its previous close.

Here's Why DraftKings (DKNG) Fell More Than Broader Market

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Sports betting has grown increasingly popular. While this industry has been around for decades, many states outlawed betting on sports, creating certain jurisdictions those looking to get in on the action would have to travel to.

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Despite concerns over where states will go on the issue of online sports betting, DraftKings stock is approaching yet another buy point.

DraftKings Stock Setting Up Despite Concerns Over Online Betting Taxes

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Growth stocks are rallying higher and higher in the current environment, and it makes sense so many people are getting in on the action. A side effect of this is that many people are also starting to turn to many speculative bets, and we can see that through the recent meme stocks and crypto rallies.

7 Growth Stocks to Buy and Hold for 20X Gains by 2033

Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Sponsorship Sector Report - Gambling & Betting Americas 2024" report has been added to ResearchAndMarkets.com's offering. This report provides an overview of the gambling and betting sector across the Americas region. It explores all the main active brands in the sector as well as details the movement in the sector over the last few years in the sports sponsorship industry. American Football dominates the spend in the gambling and betting sector across the Americas region. American Football's top deal in terms of annual value is the NFL's partnership with Caesars Entertainment, worth an estimated $40 million annually. Soccer dominated the volume of deals in the gambling and betting sector across the Americas region with 117 deals and ranks second in terms of annual value. Basketball ranks in the top 3 sports for both annual deal value and deal volume in the gambling and betting sector across the Americas region, with the sports top 4 deals in terms of annual value all being with the NBA. The top deal in the gambling and betting sector across the Americas region is UFC's deal with DraftKings. UFC's partnership with DraftKings is worth a reported $350 million across 5 years. The NFL ranks second, third, and fourth in terms of largest annual deal values, with partnerships with FanDuel, DraftKings, and Caesars Entertainment, all are worth $40 million annually. Gambling and betting brands have focused their spend across the Americas region with teams and federations, making up almost 75% of the total spend in the sector. American gambling and betting brands dominate the sports sponsorship spend across the Americas. Gambling and betting brands with headquarters in the Americas region acquired 383 deals, accumulating to over $1 billion in annual value. BetMGM are the most active gambling and betting brand in sports sponsorship across the Americas region with 33 deals; The brands top deal is MGM Resorts partnership with MLB. The top 4 most active gambling and betting brands across the Americas region, Bet MGM, DraftKings, FanDuel, and Caesars Entertainment are also the top 4 biggest spenders.

Americas Gambling & Betting Sponsorship Sector Report 2024, with Case Studies on UFC and DraftKings

Shares of DraftKings (NASDAQ: DKNG ) stock are surging higher after the U.S. Supreme Court declined to hear the West Flager Associates's (WFA) case against the Seminole Tribe. In 2021, the tribe gained exclusive rights to online Florida sports betting under the notion that all sports betting occurs on tribal land because that is where the servers are located.

The 5 Biggest Buyers of DraftKings (DKNG) Stock

DraftKings (NASDAQ: DKNG ) is a thriving business, but that comes with a cost as some state-level legislators want a piece of that delicious fiscal pie. No worries, though, as DraftKings can still continue to succeed as a business enterprise and DraftKings stock has mega-rally potential.

Spin the Wheel! DraftKings Stock Is a Really Good Deal.

Leading sports betting company DraftKings Inc DKNG was sized up by an analyst in a new note with a look ahead at the impact of the acquisition of digital lottery company Jackpocket.

DraftKings Stock Can Overcome 'Wall Of Worry Around Various Regulatory Risks' Analyst Says: Sizing Up Illinois Taxes, Jackpocket Acquisition

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Sports betting is now legal in 38 states. The most popular sports see the most bets, but the data shows some surprises.

As Legal Sports Betting Turns 6 Years Old, Which Sports Are The Biggest Winners?

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In a balanced portfolio, blue-chip stocks provide steady returns with the comfort of a low beta. On the other hand, growth stocks create big wealth.

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Needham analyst Bernie McTernan reiterated DraftKings Inc DKNG with a Buy and a $60 price target.

DraftKings Emerging As A Leader In $35B North American Online Betting Market, Analyst Says

DraftKings (DKNG) closed the most recent trading day at $36.89, moving -1.78% from the previous trading session.

Why DraftKings (DKNG) Dipped More Than Broader Market Today

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In simple words, beta denotes the volatility of a stock in comparison to the index. If the stock has a beta of 1, it would move in sync with the index.

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Taxes could crush DraftKings' improving business.

Terrible News for DraftKings Stock Investors

DraftKings stock tumbled recently after legislators in Illinois passed a significant tax hike on sports betting businesses. It's unclear whether other states will follow suit.

Could Investing $100,000 in DraftKings Stock Make You a Millionaire?

Illinois increased its tax on online gaming revenue, which will be a big hit to DraftKings. Taxes are a huge threat to DraftKings' improving bottom line.

Why DraftKings Stock Cratered and May Fall Further

An increase in the tax rate will hurt DraftKings' business in one of its larger markets.

Massive News for DraftKings Stock Investors

DraftKings is benefiting from more states legalizing online sports betting. The next stage of the company's growth will be from becoming more profitable.

Where Will DraftKings Stock Be in 5 Years?

Bets on sports betting giants came up short Tuesday, as shares of gambling market dominators DraftKings and FanDuel tanked as Illinois closed in on a significant increase on the tax rate facing the companies' operations in the state.

DraftKings Stock Hobbles To Worst Day Since 2022 On Illinois Tax Fears

The shares of sports betting  company DraftKings Inc (NASDAQ:DKNG) are crumbling today, last seen 11.6% lower to trade at $36.09, after the Illinois Senate passed a 2025 budget that will raise taxes on gross gaming revenue raise by more than 140%.

Signal: Buy the Dip on DraftKings Stock

Illinois is more than doubling the tax rate on online sports betting. DraftKings could face a 37% tax bill in 2025.

Why DraftKings Stock Just Crashed 13.5%

Sports-betting stocks like DraftKings (DKNG) and FanDuel parent Flutter Entertainment (FLUT) are sliding Tuesday following the Illinois Senate passage of a new state budget that includes a new progressive tax rate on such firms.

Sports-Betting Stocks Drop as Illinois Senate Passes Budget Raising Tax Scale

DraftKings (NASDAQ: DKNG ) stock fell 7% over the weekend after the Illinois Senate passed a hike to the state's sports betting tax. The Senate package is different from a bill already approved by the Illinois House.

DraftKings (DKNG) Stock Falls as Illinois Senate Passes Sports Betting Tax

DraftKings stock and FanDuel-parent Flutter Entertainment both fell after the Illinois Senate advanced a budget that would more than double online sports betting taxes.

DraftKings, FanDuel Stocks Blitzed By 140%+ Illinois Tax Hike

This new move would make Illinois the second most expensive state for online sports gambling companies to operate in.

News for DraftKings Stock (DKNG)