DraftKings is seeing excellent and accelerating growth momentum. The momentum will likely continue in 2025 as the company's customer base swells. DraftKings bottom-line is also seeing a significant rise as the growth comes while the costs are controlled.
DraftKings (DKNG) closed at $37.04 in the latest trading session, marking a -1.7% move from the prior day.
DraftKings' reiterated FY2025 guidance, expanding gaming share, and cheap valuations underscore an excellent Buy rating, significantly aided by the recent correction. Recent earnings highlight excellent user acquisition trends and improved operational scale, leading to its impressive FY2024 revenues, adj EBITDA, and richer Free Cash Flow performance. DKNG's acquisitions and advanced analytical tools also enhance its vertically integrated gaming offerings, supporting its profitable growth trend despite macroeconomic uncertainties.
DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
DraftKings (DKNG) closed at $38.44 in the latest trading session, marking a -0.26% move from the prior day.
DraftKings previously checked every red flag on my list, but with the stock down 30% and 2025 prospects, it's time to change the tone. Despite unprofitable quarters and high expenses, DraftKings' unique customers grew 42% Y/Y, and 2025 could see profitability with close to half a billion dollars in free cash flow. At $38/share, DraftKings' valuation is starting to make sense, with a 41x EV/FCF multiple for a 35% growth company.
DraftKings CEO Jason Robins discusses the March Madness betting surge.
DraftKings CEO Jason Robins joins 'Squawk Box' to preview this year's NCAA men's basketball tournament, the March Madness betting surge, impact of NIL on college sports, and more.
DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
DKNG showcases strong growth potential on a rapidly expanding customer base, disciplined expense management, and investments in live betting and iGaming.
DraftKings Inc. (NASDAQ:DKNG ) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2025 3:20 PM ET Company Participants Jason Robins - Co-Founder and Chief Executive Officer Conference Call Participants Stephen Grambling - Morgan Stanley Stephen Grambling I'm Stephen Grambling, the gaming, lodging and leisure analyst at Morgan Stanley. And my – our next presenter really needs no introduction, but I'm going to do it anyway.
Shares of DraftKings Inc (NASDAQ:DKNG) were last seen down 3.9% at $39.99, after the sports betting giant closed on its senior secured Term Loan B credit facility for an increased $600 million -- up from the initially announced $500 million on the heels of higher demand.