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Price: $38.5900
$0.15 
0.390%
|
| Day's High:
| $38.69
| Week Perf:
| 9.91 %
|
| Day's Low: |
$ 36.83 |
30 Day Perf: |
22.74 % |
| Volume (M): |
12,735 |
52 Wk High: |
$ 49.27 |
| Volume (M$): |
$ 491,440 |
52 Wk Avg: |
$37.37 |
| Open: |
$38.31 |
52 Wk Low: |
$25.73 |
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| Market Capitalization (Millions $) |
24,629 |
| Shares
Outstanding (Millions) |
638 |
| Employees |
2,300 |
| Revenues (TTM) (Millions $) |
4,300 |
| Net Income (TTM) (Millions $) |
-406 |
| Cash Flow (TTM) (Millions $) |
-421 |
| Capital Exp. (TTM) (Millions $) |
102 |
Draftkings Inc
Draftkings Inc. is one of the largest and most well-known daily fantasy sports operators in the United States. It was founded in 2012 by Jason Robins, Matthew Kalish, and Paul Liberman, and is headquartered in Boston, Massachusetts. The company went public in April 2020 after merging with special purpose acquisition company (SPAC) Diamond Eagle Acquisition Corp.
DraftKings offers a wide range of daily fantasy sports contests and games that allow customers to compete for cash prizes. These contests include traditional sports like football, basketball, baseball, and hockey, as well as lesser-known sports like golf, MMA, and esports.
DraftKings also recently expanded into the sports betting market, and now offers mobile sports betting in a growing number of US states. This has been seen as a significant growth opportunity for the company, as sports betting is becoming increasingly popular in the US.
In addition to its core daily fantasy sports and sports betting business, DraftKings has also made several strategic acquisitions in recent years aimed at expanding its product offerings and customer base. In 2019, the company acquired sports analytics company SBTech, which has helped it to develop its sportsbook platform. It also acquired Vegas Sports Information Network (VSiN), a media company that specializes in sports betting content, in 2021.
DraftKings has partnerships with a number of major sports organizations, including the National Football League (NFL), Major League Baseball (MLB), and the National Basketball Association (NBA). It has also signed endorsement deals with high-profile athletes, including Michael Jordan and Tiger Woods.
As of 2021, DraftKings employs more than 2,500 people and has a market capitalization of around $19 billion. The company has faced some legal and regulatory challenges in certain states but continues to experience strong growth and is widely viewed as one of the leaders in the rapidly evolving sports betting and daily fantasy sports industries.
Company Address: 222 Berkeley Street Boston 2116 MA
Company Phone Number: 986-6744 Stock Exchange / Ticker: NASDAQ DKNG
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| Stock Performances by Major Competitors |
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| Product Service News
Published Tue, Jul 23 2024 11:30 AM UTC
DraftKings Expands Mobile Sports Betting Operations to Washington D.C. and North CarolinaIn an exciting move for sports enthusiasts and gamblers alike, DraftKings Inc., a leading digital sports entertainment and gaming company, has recently announced its plans to launch its highly-rated online sportsbook in both Washington D.C. and North Carolina. These expansions mark signi...
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| Merger and Acquisition
Published Thu, May 23 2024 11:00 AM UTC
DraftKings Completes Acquisition of Jackpocket: Unlocking Access to the U.S. Digital Lottery Industry and Significant Cross-Sell Capabilities
Introduction
In a groundbreaking move, DraftKings Inc, a prominent player in the Hotels & Tourism industry, has successfully completed the acquisition of Jackpocket. This strategic move by DraftKings not only unlocks access to ...
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| Draftkings Inc
DraftKings Inc., a prominent player in the online gaming and sports betting industry, reported its first quarter financial results for 2024, reflecting both positive and negative aspects. The company showcased a remarkable improvement in terms of revenue, while narrowing its net shortfall from the previous year. Despite this positive development, DraftKings Inc. experienced a decline in share value during the month of April.
For the financial period ending on March 31, 2024, DraftKings Inc. recorded a loss of $0.30 per share, an improvement from the $0.87 loss per share reported in the previous year. Additionally, the company's shortfall increased slightly compared to the previous reporting season, rising from $0.09 per share. On the revenue front, DraftKings Inc. witnessed significant growth, with an increase of 52.67% to $1.17 billion as compared to $769.65 million during the same period the year before. However, sequentially, there was a decline of -4.538% from $1.23 billion.
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| Product Service News
Published Thu, Mar 14 2024 11:30 AM UTC
In an effort to foster responsible gaming practices, DraftKings, a renowned leader in the online sports betting and fantasy sports industry, has unveiled a groundbreaking feature called My Stat Sheet. This new tool is designed to provide customers with personalized gaming statistics and insights. With a commitment to promote transparency and empower its users, DraftKings aim...
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| Product Service News
Published Thu, Mar 7 2024 7:19 PM UTC
DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11BOSTON, March 07, 2024 - DraftKings Inc. (Nasdaq: DKNG) has recently announced its plan to launch its highly-rated online sportsbook in North Carolina on March 11, 2024. This exciting development comes after DraftKings has been working diligently with stakeholders and regulators across the state to p...
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| Per Share |
Current |
| Earnings (TTM) |
-0.9 $ |
| Revenues (TTM) |
6.74 $
|
| Cash Flow (TTM) |
- |
| Cash |
1.28 $
|
| Book Value |
2.03 $
|
| Dividend (TTM) |
0 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
-0.9 $
|
| Revenues (TTM) |
6.74 $ |
| Cash Flow (TTM) |
- |
| Cash |
1.28 $
|
| Book Value |
2.03 $ |
| Dividend (TTM) |
0 $ |
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| Online gaming |
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 98.45 % |
of total Revenue |
| Gaming software |
|
0.33 % |
of total Revenue |
| Other |
|
1.22 % |
of total Revenue |
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On August 2 2024 the Draftkings Inc provided following guidance
nnDraftKings Inc. Revises Financial Guidance for 2024 and Sets $1 Billion Share Repurchase Programnn
DraftKings Inc. has recently reported a robust revenue growth of 26% for the second quarter, reaching an impressive $1.104 billion. As part of its ongoing commitment to return value to shareholders, the company has also announced an inaugural share repurchase program authorizing up to $1.0 billion.
In its latest financial guidance, DraftKings has provided updated insights into its expectations for the upcoming years. For 2024, the company has increased its revenue guidance midpoint to $5.15 billion, reflecting optimism about its growth potential. However, the adjusted EBITDA guidance for 2024 ha...
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