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Online Gaming

Gaming Software

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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.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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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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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 Inc. (NASDAQ:DKNG ) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET Company Participants Stanton Dodge - Chief Legal Officer Jason Robins - Co-Founder, Chief Executive Officer and Chairman Jason Park - Chief Financial Officer Conference Call Participants Shaun Kelley - Bank of America Bernie McTernan - Needham & Company Edward Young - Morgan Stanley Carlo Santarelli - Deutsche Bank Barry Jonas - Truist Securities Daniel Politzer - Wells Fargo Benjamin Chaiken - Credit Suisse Jed Kelly - Oppenheimer Robert Fishman - MoffettNathanson Joseph Stauff - Susquehanna Clark Lampen - BTIG Chad Beynon - Macquarie Research Robin Farley - UBS Jordan Bender - JMP Securities Ryan Sigdahl - Craig-Hallum Capital Group John DeCree - CBRE Securities Operator Good day, and thank you for standing by. Welcome to the DraftKings Q1 2023 Earnings Call.

DraftKings Inc. (DKNG) Q1 2023 Earnings Call Transcript

Virtual sports betting is looking like a sure thing as DraftKings delivered a strong start to the year with more states legalizing online sportsbook (OSB) and iGaming wagering.

DraftKings Blows Past Q1 Revenue Record as More States Legalize Online Wagering

Sports gambling stock DraftKings Inc (NASDAQ:DKNG) is 17.4% higher at $25.02 at last check, and hit a one-year high of $25.30 earlier after reporting better-than-expected results for the first quarter.

Bulls Bet on DraftKings Stock After Earnings

The sports betting company aposted an adjusted loss of 51 cents a share for the quarter, narrower than the 70-cent loss analysts had forecast.

DraftKings Jumps on Results

Draftkings Inc (NASDAQ:DKNG) shares rocketed higher after the company comfortably beat revenue expectations and upped its full-year guidance.  The sports gambling company reported revenue of $769.7 million, up from $417 million a year earlier and topping Street expectations of $704 million.

DraftKings shares hit it big after executives revise up 2023 guidance

DraftKings Inc. shares soared in late trading Thursday, after the sports-gambling company crushed Wall Street's revenue expectations and executives increased their targets for the full year.

DraftKings stock roars higher on revenue beat, raised forecast

Expects to be Approximately Breakeven on an Adjusted EBITDA Basis in the Second Quarter of 2023 Expects to be Approximately Breakeven on an Adjusted EBITDA Basis in the Second Quarter of 2023

DraftKings Reports First Quarter Revenue of $770 Million; Raises 2023 Revenue Guidance Midpoint to $3.185 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($315) Million

DraftKings soared higher on the expansion of legalized betting to a major state, as well as reports of a new product launch. The company reports first-quarter earnings after market close on May 4.

Why DraftKings Stock Jumped 13% in April

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Stock Market Holds Steady Ahead Of Fed Meeting, Jobs Report; Nvidia, DraftKings Stand Out

NEW YORK , April 29, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of non-fungible tokens ("NFTs") of DraftKings Inc. (NASDAQ: DKNG) between August 11, 2021 and the present (the "Class Period") of the important May 8, 2023 lead plaintiff deadline. SO WHAT: If you purchased DraftKings NFTs during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A LEADING AND LONGSTANDING FIRM, Encourages DraftKings Inc. Investors with Losses to Secure Counsel Before Important May 8 Deadline- DKNG

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AAPL Stock Ramps Higher Ahead Of Quarterly Results. Wall Street Eyes Reports From DraftKings, Arista Networks

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: Can the Stock Move Higher?

Leading US gambling company Draftkings Inc (NASDAQ:DKNG) is putting its chips on streaming in a bid to stay competitive against major rival Flutter Entertainment Inc's FanDuel platform. According to sources familiar with the matter, DraftKings intends to launch an ad-supported, free video service featuring video podcasts sponsored by the company.

DraftKings puts Flutter on new streaming service

One of many pandemic winners to lose favor with investors, the tech-led sports betting operator is making a comeback. Favorable legislative momentum and improving financials have DraftKings stock days away from its first ever four-month winning streak.

Already a 2023 Two-Bagger, DraftKings May Be Headed for Third

NEW YORK , April 22, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of non-fungible tokens ("NFTs") of DraftKings Inc. (NASDAQ: DKNG) between August 11, 2021 and the present (the "Class Period") of the important May 8, 2023 lead plaintiff deadline. SO WHAT: If you purchased DraftKings NFTs during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A RESPECTED AND LEADING FIRM, Encourages DraftKings Inc. Investors to Secure Counsel Before Important Deadline- DKNG

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DraftKings: Q1 Should Show Shrinking Negative EBITDA, Positive Sentiment Ahead.

DraftKings: Q1 Should Show Shrinking Negative EBITDA, Positive Sentiment Ahead

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

Here's Why DraftKings (DKNG) is a Great Momentum Stock to Buy

DraftKings stock is approaching a new buy point ahead of its Q1 earnings results. Is DKNG stock a buy right now in today's stock market?

Up 83% In 2023, DraftKings Stock Surges On Price Target Hike: Is DKNG Stock A Buy Ahead Of Q1 Earnings?

We have come a long way from the days when legal gambling, in a state such as New York, was restricted to race tracks and the state's own depressing Off Track Betting locations. Now, with so many casinos dotting the landscape and online gambling platforms becoming important sponsors for major sports leagues, you might think the market is saturated.

DraftKings is among 14 stocks that stand out among online gambling companies and casinos

DraftKings (NASDAQ: DKNG) stock price has been in a strong bullish break out as investors wait patiently for the upcoming earnings. The shares rose to a high of $21 on Tuesday, the highest point since February 21st.

DraftKings stock price: DKNG is ripe for a 80% jump if this happens

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WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of non-fungible tokens ("NFTs") of DraftKings Inc. (NASDAQ: DKNG) between August 11, 2021 and the present (the "Class Period") of the important May 8, 2023 lead plaintiff deadline.

ROSEN, RESPECTED INVESTOR COUNSEL, Encourages DraftKings Inc. Investors With Losses to Secure Counsel Before Important Deadline - DKNG

BOSTON, April 14, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2023 results after the close of market trading on Thursday, May 4, 2023.

News for DraftKings Stock (DKNG)