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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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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

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Earnings data Q1 2022

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Earnings data Q1 2023

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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.

DraftKings (DKNG) is set to add Konami Gaming's iGaming content to its portfolio with one of the leading online casino and sportsbook brands, Pariplay.

DraftKings (DKNG) to Add Konami Gaming Content With Pariplay

DraftKings has rolled out new features that have grown engagement and revenue. Despite the stock's run-up, it is still heavily discounted from its all-time highs.

Why This Gambling Stock May Be Worth Rolling the Dice On

Yet another analyst has boosted his price target on shares of DraftKings Inc. DKNG, +1.72%, which have enjoyed a meteoric rise this year, up nearly 175% over the course of 2023 to date. Jefferies analyst David Katz became the latest to lift his target, raising it to $38 from $35, with the new target implying about 22% upside from current levels.

DraftKings' stock could advance another 20%-plus, analyst says

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Coming good earnings release or not, DraftKings Inc. is still far away from becoming a profit machine in the dreams of breathless analysts. We're guiding HOLD for DraftKings, unless you bought in cheap and can take a nice gain off the table now. DraftKings' market share remains a strong second place to FanDuel, but the smaller sites will continue chipping away at the leaders in the sector.

DraftKings: Watch Out For Another Sugar High Rally Ending Badly

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We have selected five growth-oriented stocks with strong potential for the rest of 2023. These are: NVDA, PANW, MAR, DKNG, META.

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BOSTON, July 14, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2023 results after the close of market trading on Thursday, August 3, 2023.

DraftKings to Release Second Quarter 2023 Results on August 3, 2023 and Host Conference Call on August 4, 2023

DraftKings Inc. shares closed 2.7% higher Thursday, extending their recent rally as two analysts boosted their price targets on the online-gambling name. JMP Securities analyst Jordan Bender is upbeat about the company's upcoming June-quarter earnings report.

DraftKings' stock clinches five-day winning streak after two analysts boost bullish views

Institutional investors and a growing number of sell-side analysts are turning positive on DraftKings (DKNG), which owns and operates a popular sports betting platform.

Options Buyers Are Lukewarm on DraftKings Despite Multiple, Positive Signs

Does DraftKings (DKNG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why DraftKings (DKNG) is a Great Choice

Last week, Schaeffer's  Weekend Trader  subscribers more than doubled their money with our DraftKings Inc (NASDAQ:DKNG) September 25 call.

Bullish Bettors Score Big on Sports Gambling Stock

Shares have been registering strong price gains since July 7, when the stock rose 5.63% in heavy volume, regaining its 50-day average. The stock added another 8.29% in the next session, also in above-average turnover.

High Rollers Loading Up On DraftKings As Upgrades Roll In

BofA Securities analyst Shaun Kelley upgraded shares of DraftKings to Buy from Neutral, citing confidence in the online sports betting app's near-term performance.

Why Bank of America Upgraded DraftKings Stock After a 150% Gain

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Best Growth Stocks to Buy: DraftKings vs. Penn vs. Caesars Entertainment

Shares of DraftKings Inc. DKNG, +7.18% were rising nearly 7% in Wednesday morning action after BofA Global Research analyst Shaun Kelley upgraded the online-gambling stock to buy from neutral, writing of “accelerating product and revenue momentum” that are “are on the cusp of driving an inflection in margins and profitability.” The company “has reached a key cost inflection, as we believe the rate of growth in cost of revenue and external marketing has peaked,” Kelley wrote.

DraftKings stock surges after BofA upgrade says monster rally can continue

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DraftKings Inc. DKNG shares rose sharply higher on Monday.

DraftKings Shares Surge As Options Activity Spikes, Traders See More Upside Ahead - DraftKings (NASDAQ:DKNG)

Draftkings (DKNG) is riding on positive momentum surrounding its revenue growth rate.

DraftKings (DKNG) Rallying in 2023 on Sustained Sales Growth

Shares of DraftKings soared to a 52-week high Monday (July 10). The Boston-based firm's projected profitability on an adjusted EBITDA basis took the stock up 7.96% to a $28.79 per share, Seeking Alpha reported Monday.

DraftKings Hits 52-Week High Based on Projected Profitability

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Top 5 Non-Tech Nasdaq Winners of 1H With More Upside Left

DraftKings' stock price is up about 128% year to date. The market reacted favorably to a deal that didn't go through.

Why DraftKings Stock Jumped 13.8% in June

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Subscribers to Schaeffer's Weekend Trader options recommendation service received this DKNG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.

Sports Betting Stock Ripe for Bulls

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We have narrowed our search to five large-cap stocks that have popped more than 100% year to date. These are: NVDA, META, RCL, MDB, DKNG.

Top 5 Big Winners of 1H 2023 With More Upside Left

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The Nasdaq Composite Index is set to wrap up the best first half in 40 years with Nvidia (NVDA), MicroStrategy (MSTR), Meta Platforms (META), DraftKings (DKNG) and MongoDB (MDB) more than doubling.

News for DraftKings Stock (DKNG)