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.

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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

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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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.

The online gaming platform posted strong revenue growth despite profitability challenges.

DraftKings Misses Revenue, Shrinks Losses

DraftKings Inc DKNG analysts highlight the long-term outlook and opportunities after the company lowered fourth-quarter and full-year guidance Thursday.

DraftKings Guidance Hit By Unfavorable NFL Outcomes: Analysts Focused On 2025

DraftKings Inc. (NASDAQ:DKNG ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shaun Kelley - Bank of America David Katz - Jefferies Robin Farley - UBS Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Ben Miller - Goldman Sachs Stephen Grambling - Morgan Stanley Benjamin Chaiken - Mizuho Clark Lampen - BTIG Joe Stauff - Susquehanna Dan Politzer - Wells Fargo Brandt Montour - Barclays Jed Kelly - Oppenheimer Barry Jonas - Truist Bernie McTernan - Needham & Company Michael Graham - Canaccord Genuity Chad Beynon - Macquarie Jeff Stantial - Stifel Jordan Bender - Citizens JMP Ryan Sigdhal - Craig-Hallum Capital Group Operator Good day, and thank you for standing by. Welcome to DraftKings' Third Quarter 2024 Earnings Call.

DraftKings Inc. (DKNG) Q3 2024 Earnings Call Transcript

The difference between success and failure on Wall Street can be microscopic. Take Draftkings Inc (NASDAQ:DKNG), which saw its shares marked down by almost 6% after-hours following a small Q3 miss after an otherwise spotless report card.

Draftkings Q3 (modest) miss prompts profit-taking

DraftKings (DKNG) came out with a quarterly loss of $0.60 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $0.61 per share a year ago.

DraftKings (DKNG) Reports Q3 Loss, Lags Revenue Estimates

DraftKings CEO Jason Robins said the sports betting industry is at a turning point as more people across the country realize they can gamble legally. "We're at a very, you know, important inflection point in the industry," Robins said.

DraftKings CEO says sports betting industry is at 'important inflection point'

DraftKings stock falls as “customer-friendly” sports outcomes early in the current quarter led to a lowered full-year revenue outlook.

DraftKings cuts full-year outlook, citing unfavorable sports-betting outcomes

Sports betting and iGaming company DraftKings Inc DKNG reported third-quarter financial results after market close Thursday.

DraftKings Q3 Highlights: Revenue Miss, 2024 Guidance Trim, First 2025 Outlook, CEO Reaffirms Focus On 'Sustainable Revenue Growth'

DraftKings reported a worse than expected loss Thursday and lowered its 2024 revenue outlook. DKNG stock is poised to retreat.

DraftKings Posts Major Q3 Miss, Slashes 2024 Revenue Outlook

BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.

DraftKings Reports Third Quarter Revenue Growth of 39% to $1,095 Million; Introduces Fiscal Year 2025 Revenue Guidance of $6.2 Billion to $6.6 Billion and Reiterates Fiscal Year 2025 Adjusted EBITDA Guidance of $900 Million to $1.0 Billion

Sports betting and online gaming company DraftKings Inc DKNG could highlight early results from the 2024 NFL season and new state legalizations when the company reports third-quarter financial results Thursday after market close.

DraftKings Q3 Earnings Highlights: NFL In Focus, Will Missouri Legalization Factor Into Guidance?

DKNG's third-quarter 2024 performance is likely to have been aided by increased new online sportsbook and iGaming customers.

DraftKings Stock Before Q3 Earnings: Should You Buy, Hold or Sell?

As the sports betting industry explodes, DraftKings has established itself as one of the premier platforms.

1 Growth Stock Down Over 50% to Buy Right Now

DraftKings (DKNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

DraftKings (DKNG) Expected to Beat Earnings Estimates: Should You Buy?

DraftKings Inc (NASDAQ:DKNG) stock is 0.3% higher to trade at $36.65 at last check, and sports a 35.9% year-over-year lead.

DraftKings Stock Looks Ready to Bounce Higher

DraftKings Inc DKNG analyst sees areas of opportunity for the sports betting company to surprise with financial guidance in third-quarter earnings as the company competes with FanDuel for market share in the sports betting sector.

DraftKings Stock To Hit New 52-Week Highs? Bullish Analyst On 2025 Guidance, Upside Opportunity

DraftKings (DKNG) closed at $36.47 in the latest trading session, marking a -0.84% move from the prior day.

DraftKings (DKNG) Falls More Steeply Than Broader Market: What Investors Need to Know

DraftKings (DKNG) reachead $36.78 at the closing of the latest trading day, reflecting a +0.49% change compared to its last close.

DraftKings (DKNG) Beats Stock Market Upswing: What Investors Need to Know

After bouncing from an early August dip to its lowest level since November 2023, DraftKings (DKNG) stock is stuck in a pattern of choppy trading in between the $37 and $39 levels. What's more, DKNG is closing in on its year-to-date breakeven level, down 1.1% at $37.24 at last check to stand just 5.4% higher since the start of 2024.

Is It Time To Bet On DraftKings Stock's Next Run Higher?

Roundhill Sports Betting & iGaming ETF

Flutter Entertainment PLC

With the 2024 NFL season underway, it's time to look into gambling stocks. After all, according to the American Gaming Association, Americans are expected to wager about $35 billion on NFL games this year.

The Top 3 Gambling Stocks to Buy This NFL Season

DKNG's focus on customer acquisition strategies and product offering enhancements bode well. However, high marketing costs are a concern.

Here's Why Investors Should Retain DraftKings Stock for Now

DraftKings (DKNG) reachead $37.65 at the closing of the latest trading day, reflecting a +1.21% change compared to its last close.

DraftKings (DKNG) Increases Despite Market Slip: Here's What You Need to Know

BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its third quarter 2024 results after the close of market trading on Thursday, November 7, 2024.

DraftKings to Release Third Quarter 2024 Results on November 7, 2024 and Host Conference Call on November 8, 2024

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Wall Street Analysts Think DraftKings (DKNG) Is a Good Investment: Is It?

DraftKings (DKNG) reachead $38.44 at the closing of the latest trading day, reflecting a +1.05% change compared to its last close.

News for DraftKings Stock (DKNG)