DraftKings earnings, PFL goes international: YF Sports Report
Who knew betting on the NFL would cost DraftKings (DKNG) $250 million? On this week's episode of Yahoo Finance Sports Report, host Joe Pompliano takes a look at the sports betting giant and breaks down why it took a financial hit at the expense of bettors taking massive wins.
DKNG on "Treadmill That Will Never Stop" in Sports Betting Space
According to @LikeFolio's Andy Swan, sports betting trades are a double-edged sword. For one, he expects legalization in several states to serve as a tailwind.
Chief Future Officer: Alan Ellingson, DraftKings
Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. This episode profiles DraftKings CFO Alan Ellingson: the online sports betting operator has recently turned profitable, and he'll play a key role in the company's next phase of growth.
DraftKings Thrives as Sports Betting Booms
Since a 2018 Supreme Court decision legalized sports betting in the US, it's become a $10 billion industry. Boston-based DraftKings is a leader in the sector.
How DraftKings Gets an Edge from AI
Online sports betting operator DraftKings processes data from millions of users, with an eye to developing better products as well as reinforcing trust and safety. On Bloomberg Chief Future Officer, CFO Alan Ellingson and Co-Founder Paul Liberman tell Dani Burger how the company uses AI to support responsible gaming and constantly evaluate and improve the customer experience.
DraftKings Stock Analysis: Buy, Sell, or Hold?
The mobile gaming company saw its customers winning more than usual in the recently completed quarter.
DraftKings stock price inverse H&S points to a 15% pop
DraftKings stock price has rallied for seven consecutive days, reaching its highest level since June 20 after publishing better earnings than expected. DKNG shares jumped to a high of $43, up by over 50% from its lowest level in August.
Here is What to Know Beyond Why DraftKings Inc. (DKNG) is a Trending Stock
Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.
You Can Bet on DraftKings to Rebound in 2025
DraftKings' NASDAQ: DKNG share price struggles to advance in 2024, but the signs are clear that there is support for this stock. The technical action shows sustained support in the low end of a trading range, a strengthening base of support that will help propel the stock higher over the next year.
How does a gambling site lose money? DraftKings just lost $250 million in revenue — mostly on NFL games.
The company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen,” its CEO said.
2025 will be a 'bigger year for us': DraftKings CEO
Sports betting platform DraftKings (DKNG) reported its third quarter results, falling short of revenue estimates. The company also reduced its full-year sales and profit outlook.
DraftKings: Time To Sell, Its FY25 Guidance Targets Are An Unachievable Fantasy (Rating Downgrade)
Shares of DraftKings slid after reporting Q3 results, primarily because the company lowered its full-year revenue and adjusted EBITDA targets. The company blamed unfavorable NFL outcomes so far QTD in Q4 as the reason for the drop. In Q2, the company made a similar statement about MLB outcomes. The company is still retaining its expectations of $0.9-$1.0 billion in adjusted EBITDA in FY25, which represents nearly quadrupling profits - an unreasonable expectation.
