DraftKings Stock Analysis: Buy, Hold, or Sell?
I placed DraftKings (DKNG -3.25%) on my list of top stocks to buy to start 2025, and in this video, I will update that ranking.
DraftKings Launches $500M Debt Raise. The Stock Is Down.
The online sports betting company is looking to get the money from institutional investors.
DraftKings Vs. Flutter: The Game Is Afoot, Super Bowl Boost Brings Top Market Share
DraftKings Inc. has matched FanDuel with 37% sports betting market share after a strong Super Bowl performance, boosting its stock by over 11%. The CEO has raised 2025 guidance, projecting EBITDA between $900 million and $1 billion, indicating strong future growth. With continued momentum, DKNG stock is expected to reach $62 by summer, presenting a compelling investment opportunity.
DraftKings 'Well Positioned For Double-Digit Revenue Growth,' Analysts Say
DraftKings Inc DKNG analysts are weighing in on the company's 2025 guidance and future after fourth-quarter results.
DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to DraftKings (DKNG). This makes it worthwhile to examine what the stock has in store.
3 Public Companies Dominating the Sports Industry
With the Super Bowl officially wrapped up, and the Eagles taking the mantle away from the Chiefs in an epic showdown (beat down, whatever you want to call it), many investors are turning their attention to the business of sports.
DraftKings: Q4 Earnings, Bold 2025 Ambition But A Corresponding Valuation (Rating Downgrade)
DraftKings' Q4 financials were expectedly weak as NFL outcomes negatively affected the industry's hold percentage. Marketing expenses also returned to growth, but DraftKings showed great user growth as a result. After Q4, DraftKings guides for a strong 2025. A better hold percentage, new market entries, and iGaming growth continue to carry momentum. As a slight concern, FanDuel has gained market share against DraftKings throughout Q4, and DraftKings has lost its number one spot once again to the competitor.
DraftKings: Incredible Customer Acquisition, Terrible Price (Rating Upgrade)
DraftKings achieved a significant "beat and raise" in Q4, boosting its share price by ~15%, driven by new customer acquisition and better sportsbook hold percentages. Upgrading DraftKings to neutral. The company benefits from additional states legalizing sports gambling, a growing iGaming business, and economies of scale, but faces volatile trends and lofty FY25 EBITDA goals. DraftKings' FY25 outlook relies on 30%+ revenue growth and a significant increase in adjusted EBITDA margins, as well as a normalization of all unfavorable sports outcomes in FY24.
Are Cryptocurrency Payments in the Cards for DraftKings?
At the end of DraftKings' fourth-quarter earnings call Friday (Feb. 14), Co-founder and CEO Jason Robins was asked whether the company would ever accept cryptocurrency payments. “It's certainly something we're looking at,” he told analysts.
DraftKings Inc. (DKNG) Q4 2024 Earnings Call Transcript
DraftKings Inc. (NASDAQ:DKNG ) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley David Katz - Jefferies Carlo Santarelli - Deutsche Bank Robin Farley - UBS Robert Fishman - MoffettNathanson Ben Miller - Goldman Sachs Joe Stauff - Susquehanna Clark Lampen - BTIG Dan Politzer - Wells Fargo Jed Kelly - Oppenheimer Brandt Montour - Barclays Barry Jonas - Truist Benjamin Chaiken - Mizuho Operator Good day, and thank you for standing by. Welcome to DraftKings Fourth Quarter 2024 Earnings Call.
DKNG Q4 Earnings & Revenues Miss Estimates, Stock Up on Upbeat View
DraftKings' fourth-quarter 2024 top line is aided by strong customer engagement, efficient new customer acquisition and the expansion of Sportsbook offerings.
DraftKings earnings miss overlooked as Wall Street focuses on the bigger picture
Draftkings Inc (NASDAQ:DKNG) shares climbed almost 6% after hours as investors overlooked its near-term issues to focus on the bigger picture. The online sports betting giant reported a loss of 28 cents per share on $1.39 billion in revenue, falling short of analysts' forecasts of a 17-cent loss on $1.4 billion in sales.
