DraftKings Eyes Expansion Into New Markets as It Balances Growth, User Acquisition
Customer acquisition and its associated costs remain a double-edged sword for officials at DraftKings, according to co-founder and CEO Jason Robins. Third-quarter results released Thursday (Nov. 7) revealed a 39% increase in revenue to $1.1 billion, fueled by the return of the NFL season.
DraftKings Q3 Earnings & Revenues Miss Estimates, Stock Down
DKNG's third-quarter 2024 results benefit from strong customer engagement, efficient acquisition, Sportsbook expansion and the Jackpocket acquisition.
DraftKings Guidance Hit By Unfavorable NFL Outcomes: Analysts Focused On 2025
DraftKings Inc DKNG analysts highlight the long-term outlook and opportunities after the company lowered fourth-quarter and full-year guidance Thursday.
DraftKings Inc. (DKNG) Q3 2024 Earnings Call Transcript
DraftKings Inc. (NASDAQ:DKNG ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shaun Kelley - Bank of America David Katz - Jefferies Robin Farley - UBS Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Ben Miller - Goldman Sachs Stephen Grambling - Morgan Stanley Benjamin Chaiken - Mizuho Clark Lampen - BTIG Joe Stauff - Susquehanna Dan Politzer - Wells Fargo Brandt Montour - Barclays Jed Kelly - Oppenheimer Barry Jonas - Truist Bernie McTernan - Needham & Company Michael Graham - Canaccord Genuity Chad Beynon - Macquarie Jeff Stantial - Stifel Jordan Bender - Citizens JMP Ryan Sigdhal - Craig-Hallum Capital Group Operator Good day, and thank you for standing by. Welcome to DraftKings' Third Quarter 2024 Earnings Call.
Options Trades on DKNG, MGM
Alex Coffey discusses a record week for markets and ventures into the gambling sector, placing example trades on DraftKings (DKNG) and MGM Resorts (MGM). ======== Schwab Network ======== Empowering every investor and trader, every market day.
DraftKings CEO on Earnings, Company's Gamble on Turnaround Story
Jason Robins, CEO of DraftKings (DKNG), joins Oliver Renick to discuss the direction of the company after reporting mixed earnings. Jason believes DraftKings will move in an uptrend, saying "people are gaining confidence" in its guidance.
Draftkings Q3 (modest) miss prompts profit-taking
The difference between success and failure on Wall Street can be microscopic. Take Draftkings Inc (NASDAQ:DKNG), which saw its shares marked down by almost 6% after-hours following a small Q3 miss after an otherwise spotless report card.
DraftKings CEO Jason Robins goes one-on-one with Jim Cramer
DraftKings Co-Founder and CEO Jason Robins joins 'Mad Money' host Jim Cramer to talk quarterly results, sports betting legalization and more.
We're going to have a strong 2025, says DraftKings CEO
DraftKings Co-Founder and CEO Jason Robins joins 'Mad Money' host Jim Cramer to talk quarterly results, sports betting legalization and more.
DraftKings (DKNG) Reports Q3 Loss, Lags Revenue Estimates
DraftKings (DKNG) came out with a quarterly loss of $0.60 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to loss of $0.61 per share a year ago.
DraftKings CEO says sports betting industry is at 'important inflection point'
DraftKings CEO Jason Robins said the sports betting industry is at a turning point as more people across the country realize they can gamble legally. "We're at a very, you know, important inflection point in the industry," Robins said.
DraftKings cuts full-year outlook, citing unfavorable sports-betting outcomes
DraftKings stock falls as “customer-friendly” sports outcomes early in the current quarter led to a lowered full-year revenue outlook.
