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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Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

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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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SG&A

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EBITDA

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Inventory

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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.

DraftKings (DKNG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About DraftKings (DKNG) Rating Upgrade to Buy

Here is how DraftKings (DKNG) and Electronic Arts (EA) have performed compared to their sector so far this year.

Is DraftKings (DKNG) Stock Outpacing Its Consumer Discretionary Peers This Year?

DraftKings considered bidding for the owner of William Hill and Mr Green owner, 888 Holdings PLC,  earlier this year, according to reports. The Financial Times said the US betting group discussed a bid for 888 over the summer with some of the struggling UK betting operator's top shareholders, citing two people briefed on the talks.

DraftKings considered bid for William Hill owner, FT reports

888 Holdings (LON: 888) share price will be in the spotlight on Thursday as hopes of an acquisition jumped. The stock has been under intense pressure and was trading at 81.70p, the lowest point since July 17th.

Is the 888 Holdings stock a buy after new DraftKings buyout news?

DraftKings continues to impress investors with solid growth and improvement in customer metrics.

Near 52-Week High, Can DraftKings Stock Go Higher?

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.

Betting Stock for Bull Traders

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.

Is It Worth Investing in DraftKings (DKNG) Based on Wall Street's Bullish Views?

A covered call brings a trader income as they hold a long position. But you do give up profit potential.

DraftKings Stock On The Rise; Here's A Way To Get Income On It

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The year 2023 is drawing to a close and it looks like the conditions are forming for a Santa Claus rally, with the Fed holding interest rates steady, bond yields in retreat, and economic data showing that the economy is beginning to slow. After declining for three consecutive months and falling into a correction, the benchmark S&P 500 index has gained 5% to start the month of November and momentum seems to be building behind stocks.

3 Stocks That Will Make Great Holiday Gifts This Year

Intel

Dow Jones chip giant Intel, along with DraftKings and Uber Technologies, are in or near buy zones in today's stock market.

Dow Jones Chip Giant Intel, DraftKings Above Buy Points In Today's Stock Market

Jefferies has upgraded its price target for Draftkings Inc (NASDAQ:DKNG) by $4 a share to $46.00, a 36% premium to the current share price. This bullish stance comes in the wake of DraftKings' impressive third-quarter financial results, which saw the company's revenue surge to $789.9 million, marking a 57.4% year-over-year growth.

DraftKings receives significant vote of confidence from leading investment bank

The proliferation of online sports betting and casino gaming across the U.S. has led to record revenue for sportsbook companies such as DraftKings and Fan Duel.

Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share

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.

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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.

News for DraftKings Stock (DKNG)