DraftKings to tax winning bets in high-rate states in a bid to boost profit
DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. Starting next year it will implement a gaming surcharge on winning bets in states with multiple betting operators and where the tax rate is above 20%.
DraftKings Shares Fall After EPS Beat, Lower EBITDA Guidance
DraftKings NASDAQ: DKNG is in the consumer discretionary sector and is the 17th largest U.S. company in the Hotel, Restaurants, and Leisure industry, with a market capitalization of $17 billion. It is underperforming its sector so far in 2024, with a total return of 0.7%.
DraftKings' stock slides 5% after revenue miss, but analysts are still upbeat
DraftKings Inc.'s stock slid 5% early Friday as analysts weighed in on quarterly earnings that showed a profit but revenue that lagged estimates, with most taking a bullish stance on the company's longer-term prospects.
DraftKings (DKNG) Q2 Earnings Beat Estimates
DraftKings (DKNG) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.17 per share a year ago.
DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earnings
Sports betting and iGaming company DraftKings Inc DKNG reported second-quarter financial results after the market close Thursday.
DraftKings shares skid after revenue miss weighs against surprise profit
DraftKing Inc.'s stock tumbled 5% in after-hours trading Thursday, after the company swung to an unexpected second-quarter profit but revenue fell slightly short of estimates.
DraftKings Shutters NFT Marketplace Amid Legal Headaches
Online betting service DraftKings said is closing down its three-year-old non-fungible token (NFT) marketplace. The company announced Tuesday (July 30) it was shuttering the marketplace, along with Reignmakers, a fantasy sports game based around NFTs, due to “recent legal developments.
DraftKings (DKNG) to Report Q2 Earnings: What's in Store?
DraftKings' (DKNG) second-quarter 2024 performance is likely to have benefited from robust demand for mobile sports betting and heightened customer acquisition, engagement and retention strategies.
DraftKings (DKNG) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
DraftKings (DKNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wall Street Analysts See DraftKings (DKNG) as a Buy: Should You Invest?
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.
DraftKings quarterly earnings miss expected as focus shifts to 2024 guidance
Analysts at the Bank of America have lowered their price target on Draftkings Inc (NASDAQ:DKNG) to $50 ahead of the fantasy sports contest and sports betting company's second quarter earnings report, due on August 1 after the market close. Shares DraftKings traded hands at about $38 on Tuesday.
DraftKings Bringing Online Sportsbook to Washington DC
DraftKings says it plans to launch its online sportsbook in Washington, D.C. Assuming it gets the license and regulatory approval it needs, DraftKings would make the nation's capital its 29th North American market, the company said in a Tuesday (July 23) press release.
