DraftKings Inc. (DKNG)
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.
DraftKings Would Expand Outside of Sports If Legal: CEO
Bloomberg's Caroline Hyde and Ed Ludlow discuss the future of the CHIPS Act as Donald Trump returns to Presidency and DraftKings CEO Jason Robins joins on their latest earnings and revised forecasts. Plus, cryptos gets a potential big boost under Trump 2.0.
DraftKings Stock Rebounds From Post-Earnings Plunge
DraftKings (DKNG) shares rebounded from early losses Friday after the company posted weaker-than-expected earnings, but offered a strong outlook for 2025.
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.
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