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.

ARK Innovation ETF

Coinbase

CRISPR Therapeutics

Exact Sciences

Invitae

Pacific Biosciences of California

Roblox

Roku

10X Genomics

Cathie Wood's ARK Innovation ETF is back — and back big. It's the top diversified ETF again this year so far, largely due to big winners.

Cathie Wood Is Crushing It This Year Thanks To 9 Stocks

DraftKings' historical growth rates could slow, and so the argument becomes how much growth deceleration can investors tolerate, and is it trading at a discount? There's a disconnect between Wall Street and Main Street when valuing DraftKings, as sports betting is difficult to understand, and value.

DraftKings Could Buck Growth Estimates. Here's How

Sports betting has a lot of momentum, but it remains to be seen whether DraftKings can actually make money from it.

Wall Street Thinks DraftKings Stock Has 45% Upside. Should You Buy?

New York, New York--(Newsfile Corp. - January 7, 2023) - Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ: DKNG). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether DraftKings and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of DraftKings Inc. (DKNG)

Shares of DraftKings (NASDAQ: DKNG ) are in full focus following three exercise-and-hold transactions of DKNG stock options by three executives, including CEO Jason Robins. To kick off the New Year, DraftKings announced in December that it would begin hosting its sportsbook services in Ohio starting on Jan. 1.

DraftKings Insiders Are Betting Big on DKNG Stock

BOSTON, Dec. 30, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) announced today plans to launch its award-winning online sportsbook in Ohio on January 1, 2023, pending licensure and regulatory approvals. Home to several professional and college sports teams, DraftKings will offer eligible customers in Ohio the opportunity, beginning on New Year's Day, to place legal and regulated bets on DraftKings Sportsbook across several sporting events, including the 2023 College Football Playoff National Championship and professional sports leagues, including the NFL, NHL, NBA, MLB, MLS and more.

DraftKings Set to Launch Top-Rated Online Sportsbook in Ohio on New Year's Day

LOS ANGELES--( BUSINESS WIRE )--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. (“DraftKings” or “the Company”) (NASDAQ: DKNG) for violations of the securities laws.

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm

ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - December 26, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ: DKNG) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm

Los Angeles, California--(Newsfile Corp. - December 22, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ: DKNG) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm

By many reasonable measures, DraftKings won't turn profitable, or break even for at least another year or two. Surprise, surprise. Regardless of what you paid, mainly for sales growth, DraftKings stock is not now ever poised to reach anywhere near its $72 high.

DraftKings: Okay, Game On, Here's The Point Spread: 100 To 1 Says Sell

LOS ANGELES, CA / ACCESSWIRE / December 21, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ:DKNG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm

Etsy

Marvell Technology

NetApp

Okta

There is a recurring pattern in Wall Street history known as the “January effect,” in which small-cap stocks outperform their large-cap brethren, and the lower-capitalization and lower-quality names are often the biggest winners.

Top Wall Street Strategist Has 5 Fallen Angel Tech/Internet Stocks That Could Explode Higher in January

Los Angeles, California--(Newsfile Corp. - December 20, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or "the Company") (NASDAQ: DKNG) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against DraftKings Inc. and Encourages Investors with Losses to Contact the Firm

DraftKings Inc. is faced with large competitors, more equipped to effectively scale an online gaming platform. The primary revenue driver for DraftKings is their online sportsbook, a notoriously low-margin industry.

DraftKings Must Figure Out Its Margin Issues Before It's Too Late

Citi analyst Jason Bazinet maintains his Buy rating of DraftKings.

DraftKings Is Questioned by the Market. Citi Says the Stock Is a Buy.

NEW YORK , Dec. 7, 2022 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ: DKNG). Investors who purchased DraftKings securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/dkng.

Bronstein, Gewirtz & Grossman, LLC Announces DraftKings Inc. (DKNG) Investigation

Churchill Downs

Shares of DraftKings Inc. DKNG, -4.23% jumped 2.3% in premarket trading Tuesday, after the online sports betting and fantasy sports company and Churchill Downs Inc. CHDN, -1.01% announced a multi-year agreement that will bring betting on horse racing to DraftKings. Churchhill Downs' stock was inactive in the premarket.

DraftKings stock jumps after deal with Churchill Downs to launch horse race betting app ahead of the Kentucky Derby

DK HORSE Will Give DraftKings' Customers the Ability to Bet on Horse Racing DK HORSE Will Give DraftKings' Customers the Ability to Bet on Horse Racing

Churchill Downs Incorporated and DraftKings Inc. Enter Agreement to Develop and Launch DK HORSE

Penn Entertainment

Shares of DraftKings Inc. DKNG, -1.30% dropped 5.9% in premarket trading Monday, after J.P. Morgan analyst Joseph Greff turned bearish on the online sports betting and fantasy sports company, saying he sees a "longer runway and more risk" to achieving online-sports-betting (OSB) profitability than peers.

DraftKings stock sinks after J.P. Morgan turns bearish, PENN Entertainment also downgraded

While the sports betting company raised its financial forecasts for 2022 earlier this month it forecast a 2023 loss that was worse than some expected.

DraftKings Falls on Analyst Downgrade. It's all About Its Outlook.

Shares in the online betting company are not as cheap as they look on the surface.

Down 46%, is DraftKings Stock Finally a Buy?

Sports-betting firm DraftKings Inc said on Monday login information of some customers was compromised on other websites.

DraftKings says login information of some customers was compromised

As markets continue to wade into negative territory, investors have little reason to feel bullish today. However, for investors in DraftKings (NASDAQ: DKNG ) stock, there are even more reasons for concern right now.

Why Is DraftKings (DKNG) Stock Down 10% Today?

The company said it has identified less than $300,000 of customer funds that were affected by unusual activity.

News for DraftKings Stock (DKNG)