DraftKings Inc. (DKNG)
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.
DraftKings (DKNG) Reports Q4 Loss, Misses Revenue Estimates
DraftKings (DKNG) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.10 per share a year ago.
DraftKings CEO Jason Robins: Lots of great tailwinds going into 2025
Jason Robins, DraftKings CEO, joins 'Closing Bell Overtime' ahead of the investor cal to talk quarterly results and what is ahead for the company.
DraftKings rallies on upbeat full-year sales outlook, which doesn't include this big event
Shares of DraftKings Inc. rose after hours Thursday after the sports-betting platform offered a more optimistic sales outlook for this year, as it moves ahead with things like live betting and deepens its push into U.S. states where betting is newly legal.
DraftKings Stock Ready For Another Post-Earnings Pop
You'd have to look far and wide to find an area of Wall Street not rattled by tariffs or Trump trade.
DraftKings Stock Ready For Another Post-Earnings Pop
You'd have to look far and wide to find an area of Wall Street not rattled by tariffs or Trump trade.
