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

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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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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.

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

Caesars Entertainment

Penn Entertainment

These gaming operators are experiencing a boom as folks spend more on services.

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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More Room to Run: 3 Stocks to Buy at 52-Week Highs

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

Celsius Holdings

Copart

Exact Sciences

Marriott

We have narrowed our search to five Nasdaq Composite listed non-technology stocks. These are: CELH, DKNG, CPRT, EXAS, MAR.

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

UiPath

Tesla

Cathie Wood, CEO of Ark Invest, has proven to be a maverick stock-picker of our time. Her popular Cathie Wood stock picks have helped build shareholder value for its avid followers.

The 3 Best Cathie Wood Stocks to Buy for July 2023

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

MongoDB

NVIDIA

Royal Caribbean Cruises

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

MicroStrategy Incorporated

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.

5 Stocks on Unstoppable Rally Amid Nasdaq's Historic 1H

Fanatics, a sports platform company, revealed late Tuesday that it has increased its offer for PointsBet's US business by 50% to $225 million, outbidding Draftkings Inc (NASDAQ:DKNG)'s non-binding offer of $195 million. The PointsBet board unanimously recommended the sale to Fanatics, after DraftKings reportedly was “unable” to finalize a new bid before the deadline, Sportico.com reported.

Fanatics ups offer for PointsBet's US assets; outbids DraftKings

Shares of DraftKings Inc. DKNG, +3.10% slipped 0.7% in premarket trading Wednesday, after the online sports-betting and digital sports entertainment company said overnight that it is no longer pursuing the acquisition of Australia-based PointsBet Holdings Ltd.'s PBTHF, -5.31% PBH, +0.61% U.S. business.

DraftKings stock slips after withdrawing bid to buy PointsBet's U.S. operations

Privately owned Fanatics boosted its offer by 50% to $225 million, compared to DraftKings's proposal of $195 million made earlier this month.

DraftKings Stock Falls After Fanatics Boosts Offer for PointsBet's U.S. Assets

BOSTON, June 28, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced that the company is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings Ltd. (“PointsBet”). The company thanks PointsBet for their time and access over recent weeks.

DraftKings No Longer Pursuing Acquisition of PointsBet's U.S. Business

Shopify

Block

Much has been written and discussed about the incredible success and then failure of Cathie Woods and the phenomenal ARK Innovation exchange-traded fund, which exploded in 2020, only to implode in the fall of 2021 and trade sideways for most of 2022.

5 Cathie Woods ARK Innovation Top Holdings Are Huge Buy and Hold Forever Winners

“Jason was stopped and now he is returning the favor,” a sports betting executive said of the hard-charging DraftKings boss.

DraftKings, Fanatics vie for PointsBet — after scrapping $48B merger, sources say

Palo Alto Networks

We have narrowed our search to five corporate giants that have rallied more than 75% in 2023 with more upside left. These are: META, PANW, DKNG, NVDA and RCL.

5 Must-Buy High-Flying Stocks for Sparkling Returns

DraftKings has seen its stock rise over 30% since I first looked at the name. DKNG continues to benefit from more states legalizing online sport betting, and new states continue to outperform older vintages at similar stages. Generating positive EBITDA in Q2 could fuel the stock in the near term.

DraftKings: A Bet On Positive EBITDA In Q2 Could Payoff

Lululemon Athletica

Snap-on

We have narrowed our search to five consumer discretionary stocks that have solid potential for the rest of 2023. These are: DKNG, LULU, MAR, SNA and RCL.

Top 5 Consumer Discretionary Stocks With More Upside Left

DraftKings' stock has doubled in 2023, driven by growth in active users with more room for upside. DraftKings' Q1 revenue surged 84% y/y, and the company is focusing on profitability, expecting to generate $150 million in adjusted EBITDA profit in Q4 2023. In new states that recently launched, DraftKings is able to quickly capture a mid-single digit percentage of the total adult population.

DraftKings: Full Steam Ahead

Here is how DraftKings (DKNG) and Playa Hotels & Resorts (PLYA) have performed compared to their sector so far this year.

News for DraftKings Stock (DKNG)