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.

Revenue

Cost of revenue

Gross profit

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

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

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.

Those who bet on DraftKings Inc.'s stock have won big this year, and analysts see more big gains ahead.

DraftKings could parlay momentum into even bigger stock gains, analysts say

DraftKings Inc. (NASDAQ:DKNG ) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder, Chairman & CEO Jason Park - CFO Conference Call Participants Shaun Kelley - Bank of America Jeff Greff - JPMorgan Stephen Grambling - Morgan Stanley Carlo Santarelli - Deutsche Bank David Katz - Jefferies Joe Stauff - Susquehanna Daniel Politzer - Wells Fargo Robert Fishman - MoffettNathanson Barry Jonas - Truist Securities Robin Farley - UBS Bernard McTernan - Needham & Company Brandt Montour - Barclays William Lampen - BTIG Michael Graham - Canaccord Jed Kelly - Oppenheimer Ryan Sigdahl - Craig-Hallum Capital Group Jordan Bender - JMP Securities Stephen Glagola - TD Cowen Chad Beynon - Macquarie John DeCree - CBRE Securities Operator Good day, and thank you for standing by. Welcome to the DraftKings Q3 2023 Earnings Call.

DraftKings Inc. (DKNG) Q3 2023 Earnings Call Transcript

DraftKings (DKNG) shares jumped over 11% in early trading Friday after reporting revenue soared as it posted a big jump in users, and the online betting site raised its guidance.

DraftKings Shares Soar After Reporting a Jump in Users and Revenue

It's football season, and that is good news for sports betting company DraftKings. The gaming platform's third quarter 2023 earnings results saw a 57% increase in year over year revenue, rising to $790 million.

DraftKings' Customer-Centric Strategy Avoids Mention of Any Specific Digital Innovations

DraftKings Inc. (NASDAQ:DKNG) rose 6% in premarket on Friday after positive stock market news. The stock was boosted by a reported $790 million or £639.9 million revenue in Q3 2023.

DraftKings maintains bullishness after upgraded results as attention shifts to key level

Flutter Entertainment PLC

UK-based betting operator Flutter Entertainment was up 2.5%, following strong results overnight in the US from rival DraftKings. Shares in the sports and betting company soared after hours in the US after it reported much higher third-quarter revenues than expected and raised its full-year guidance.

Flutter boosted by peformance of US rival DraftKings

DraftKings raises its 2023 revenue guidance.

DraftKings Stock Is Climbing. Analysts Like Its Growth Story.

DraftKings reported 2.3 million monthly unique payers in the third quarter, representing a 40% increase year over year.

DraftKings revenue jumps 57% as sportsbook leader grows customer base

Draftkings Inc (NASDAQ:DKNG) shares soared after Thursday's closing bell as the fantasy sports and betting company reported much higher third quarter revenues than expected and raised its full-year guidance.  Its shares gained 6.8% to about US$31 shortly following the release of its financial report.

DraftKings shares rise on 3Q revenue beat and improved guidance

Roundhill Sports Betting & iGaming ETF

Penn Entertainment

The online gambling market is booming. In fact, the market is projected to hit $95 billion in revenue this year.

3 Top Performing Stocks in the Online Gambling Industry

Shares of DraftKings Inc. DKNG, +6.43% were up 8% in extended trading Thursday after the sports web site posted quarterly results that topped analyst revenue and earnings estimates, and raised its full year guidance range. DraftKings reported a fiscal third-quarter net loss of $283.1 million, or 61 cents a share, compared with a net loss of $450.5 million, or $1 a share, in the same quarter a year earlier.

DraftKings' stock pops on narrowing loss, raised fiscal year revenue guidance

Introduces Fiscal Year 2024 Revenue Guidance of $4.5 Billion to $4.8 Billion and Fiscal Year 2024 Adjusted EBITDA Guidance of $350 Million to $450 Million

DraftKings Reports Third Quarter Revenue of $790 Million; Raises 2023 Revenue Guidance Midpoint to $3.695 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($105) Million

American Airlines

Affirm

Disney

Lucid Group

Novavax

Planet Fitness

While the jury's still out whether the economy and the market is headed for a soft or hard landing, as interest rates remain high, that doesn't mean you should forget about which stocks to avoid. Even as it's possible that recent fears of another downturn for stocks may prove to be an overreaction, there are particular equities that still have substantial downside risk.

7 Dangerous Stocks to Avoid No Matter What

BOSTON, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (Nasdaq: DKNG) announced it has reached an agreement in principle, subject to licensing and regulatory approvals, with the Passamaquoddy Tribe paving the way for the launch of its online sportsbook in Maine.

DraftKings Announces Plans to Launch Online Sportsbook in Maine Through Deal with Passamaquoddy Tribe

DraftKings' (DKNG) third-quarter 2023 performance is likely to have benefited from the robust demand for mobile sports betting and increased customer acquisition, engagement and retention.

DraftKings (DKNG) to Report Q3 Earnings: What's in Store?

Shares of sports betting behemoth DraftKings Inc (NYSE:DKNG) are up 1.3% premarket, after TD Cowen reiterated its "outperform" rating, though its bull note included a stark warning.

Analyst Reiterates Bullish Position on Sports Betting Stock

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: What to Know Ahead of Q3 Release

Betterware de Mexico

Symbotic Inc

One of the last times I tried recommending stocks to buy for 100% returns was at the beginning of 2022. I selected seven names I believed had the stuff to double for a second consecutive year.

3 Stocks To Buy for 100% Returns in 2024

Eli Lilly

Oracle

Pioneer Natural Resources

Here is an update on our Inverse Jim Cramer strategy by taking a look at the results of his top stock picks for the quarter ending in September. This quarter, we collected and analyzed more than 400 of Cramer's stock picks. Cramer discussed stocks like Eli Lilly and Company, DraftKings, and Oracle the most in Q3.

Inverse Jim Cramer Strategy - Q3 2023 Update

BOSTON, Oct. 24, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced it will host a virtual Investor Day on Tuesday, November 14, 2023, beginning at 10:00 a.m. ET. The event is expected to last approximately two hours.

DraftKings to Host Virtual Investor Day

Draftkings Inc (NASDAQ:DKNG) is facing a high bar when it comes to Wall Street's expectations for its third quarter earnings but analysts at the Bank of America (BoA) think the company can deliver and raise its full-year guidance. The digital sports entertainment and gaming company will report its latest financial results after the market close on Thursday, November 2.

DraftKings has analysts betting on a 3Q earnings beat and raise

DraftKings Inc (NASDAQ: DKNG) has lost about 10% over the past three months but a MoffettNathanson analyst says the weakness has only created an opportunity to buy. DraftKings stock could climb to $37 On Tuesday, Robert Fishman upgraded the sports betting company to “buy”.

DraftKings stock outlook: MoffettNathanson sees a 30% upside

DraftKings Inc. shares were powering more than 5% higher in Tuesday trading after an analyst turned bullish on the stock, saying that his conviction in the company's story is now “stronger than ever.”

DraftKings is winning over more ‘whales,' which could help send its stock 24% higher

DraftKings (NASDAQ: DKNG ) stock is gaining on Tuesday after the sports betting company's shares got an upgrade from Moffett Nathanson. Moffett Nathanson analyst Robert Fishman upgraded shares of DKNG stock from a “hold” rating to a “buy” rating today.

DKNG Stock Alert: Moffett Nathanson Is Pounding the Table of DraftKings

The shares of DraftKings Inc (NYSE:DKNG) are nearly 4% higher before the bell, after MoffettNathanson upgraded the sports betting  firm to "buy" from "neutral" to go with a price-target hike to $37 from $31.

News for DraftKings Stock (DKNG)