DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. It operates through two segments, Business-to-Consumer and Business-to-Business. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design, development, and licensing of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. DraftKings Inc. is headquartered in Boston, Massachusetts.
IPO Year: 2019
Exchange: NASDAQ
Website: draftkings.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | $54.00 → $62.00 | Outperform | Mizuho |
| 10/7/2024 | $48.00 → $50.00 | Positive | Susquehanna |
| 9/10/2024 | $35.00 | Underperform → Neutral | Exane BNP Paribas |
| 9/4/2024 | $56.00 → $58.00 | Buy | UBS |
| 9/4/2024 | $47.00 → $48.00 | Positive | Susquehanna |
| 7/1/2024 | $60.00 → $58.00 | Outperform | Oppenheimer |
| 5/6/2024 | $58.00 → $60.00 | Buy | Needham |
| 4/16/2024 | $60.00 | Buy | Goldman |
| 3/27/2024 | $54.00 → $58.00 | Buy | Needham |
| 3/26/2024 | $58.00 | Buy | Mizuho |
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
4 - DraftKings Inc. (0001883685) (Issuer)
144 - DraftKings Inc. (0001883685) (Subject)
10-Q - DraftKings Inc. (0001883685) (Filer)
8-K - DraftKings Inc. (0001883685) (Filer)
144 - DraftKings Inc. (0001883685) (Subject)
144 - DraftKings Inc. (0001883685) (Subject)
144 - DraftKings Inc. (0001883685) (Subject)
144 - DraftKings Inc. (0001883685) (Subject)
8-K - DraftKings Inc. (0001883685) (Filer)
144 - DraftKings Inc. (0001883685) (Subject)
10-Q - DraftKings Inc. (0001883685) (Filer)
Mizuho reiterated coverage of DraftKings with a rating of Outperform and set a new price target of $62.00 from $54.00 previously
Susquehanna reiterated coverage of DraftKings with a rating of Positive and set a new price target of $50.00 from $48.00 previously
Exane BNP Paribas upgraded DraftKings from Underperform to Neutral and set a new price target of $35.00
Susquehanna reiterated coverage of DraftKings with a rating of Positive and set a new price target of $48.00 from $47.00 previously
UBS reiterated coverage of DraftKings with a rating of Buy and set a new price target of $58.00 from $56.00 previously
Oppenheimer reiterated coverage of DraftKings with a rating of Outperform and set a new price target of $58.00 from $60.00 previously
Needham reiterated coverage of DraftKings with a rating of Buy and set a new price target of $60.00 from $58.00 previously
Goldman initiated coverage of DraftKings with a rating of Buy and set a new price target of $60.00
Needham reiterated coverage of DraftKings with a rating of Buy and set a new price target of $58.00 from $54.00 previously
Mizuho initiated coverage of DraftKings with a rating of Buy and set a new price target of $58.00
PGA Tour golfer Scottie Scheffler is soon to compete in his first Olympic games and hopes to get a win to complement his strong 2024 season. What Happened: Scheffler has been dominant in the 2024 PGA Tour season, winning six tournaments, including the Players Championship and the Masters. In 16 events, Scheffler made 16 cuts and 14 top-10 finishes. Along with his six wins, Scheffler also has two runner-up finishes. Scheffler is one of four golfers representing the U.S. at the 2024 Summer Olympics. Along with Scheffler, Xander Schauffele, Wyndham Clark and Collin Morikawa will compete as members of Team USA. The four golfers currently rank first, second, fifth and sixth in the PGA
Needham analyst Bernie McTernan reiterates DraftKings (NASDAQ:DKNG) with a Buy and maintains $60 price target.
DraftKings, Inc. (NASDAQ:DKNG) stock is trading higher on Tuesday. The company is anticipated to launch its mobile sports betting app in Washington D.C. The sports betting company is set to release quarterly earnings on August 1st. The Details: Once introduced in Washington D.C., the district would become the 29th jurisdiction in North America where DraftKings Sportsbook operates. “It has been incredible to see legalized sports betting grow rapidly over the past six years, and with plans to launch our online sportsbook in D.C., DraftKings looks forward to expanding its presence in more than half the country,” said Matt Kalish, president, DraftKings North America. “We would like to
An analyst says sports betting company DraftKings Inc (NASDAQ:DKNG) could have a challenging second quarter report, but remains optimistic ahead of the 2024 NFL season. The DraftKings Analyst: Bank of America analyst Shaun C. Kelley reiterated a Buy rating on DraftKings and lowered the price target from $54 to $50. Read Also: College Football Championship Betting Odds: Can New EA Sports Video Game Predict A Winner? The Analyst Takeaways: Near-term pressure and a potential second-quarter earnings miss could prove difficult for DraftKings, Kelley said. The analyst lowers Q2 EBITDA estimates to $130 million, compared to guidance of $150 million from the company. "We think a 2Q mi
https://x.com/kenvogel/status/1815468307170136410
B of A Securities analyst Shaun Kelley maintains DraftKings (NASDAQ:DKNG) with a Buy and lowers the price target from $54 to $50.
In the latest quarter, 24 analysts provided ratings for DraftKings (NASDAQ:DKNG), showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 14 9 1 0 0 Last 30D 1 1 0 0 0 1M Ago 2 3 0 0 0 2M Ago 3 2 0 0 0 3M Ago 8 3 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $53.71, a high estimate of $60.00, and a low est
Macquarie analyst Chad Beynon maintains DraftKings (NASDAQ:DKNG) with a Outperform and lowers the price target from $54 to $52.
BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ:DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive officer, Jason Robins. Kalani becomes DraftKings' first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company's player safety and protection activities and initiatives across all facets of its platforms and player communities. "Responsible gaming is one of our top priorities and it is a core part of our mission to build games that our customers can enjoy responsibly," said Jason Robins, CEO and Co-Founder of DraftKings. "In this leadership role, Lori
LOS ANGELES, Aug. 30, 2021 /PRNewswire/ -- Autograph, the company partnering with the world's biggest icons to usher in a new era of digital collecting, announced its appointment of American gymnast, Simone Biles to its Advisory Board, along with her first collection of NFTs dropping on August 31st. The Simone Biles Collection will be available exclusively to view on Autograph.io and for sale on DraftKings Marketplace. One of the greatest athletes of all-time, Biles has expanded her repertoire to collaborate with Autograph to design her own NFTs to interact with her fans in the next era of digital collectibles.
BOSTON, May 07, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today reported first quarter 2021 financial results. First Quarter 2021 Highlights For the three months ended March 31, 2021, DraftKings reported revenue of $312 million, an increase of 253% compared to $89 million during the same period in 2020. After giving pro forma effect to the business combination with SBTech (Global) Limited ("SBTech") and Diamond Eagle Acquisition Corp. which was completed on April 23, 2020, as if it had occurred on January 1, 2019, revenue grew 175% compared to the three months ended March 31, 2020. "DraftKings is off to an outstanding start in 2021," said Jas
BOSTON, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Today, DraftKings (Nasdaq: DKNG) announced the appointment of baseball legend and entrepreneur Cal Ripken Jr. as a special advisor to the board of directors. Ripken will lend strategic insights to the board of directors and Chief Executive Officer on key company initiatives and will become a DraftKings equity holder. Ripken enjoyed a Hall of Fame Major League Baseball career and is one of only ten players in history with more than 3,000 hits and 400 home runs. He has won a World Series championship, two AL MVP Awards, two AL All-Star Game MVP Awards, two Gold Gloves, made 19 All-Star Game appearances and captured eight Silver Slugger Awards. How
BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2024 Highlights For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or 39%, compared to $790 million during the same period in 2023. The increase in the Company's third quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cu
BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its third quarter 2024 results after the close of market trading on Thursday, November 7, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, November 8, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. E
BOSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- (revised) — DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock. The Company also posted a second quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. This press release corrects the impact of the gain on remeasurement of warrant liabilities under Accounting Standards Codification 260 on U.S. GAAP diluted earnings per share for the quarter ended June 30, 2024. Diluted earnings per
BOSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock. The Company also posted a second quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Second Quarter 2024 HighlightsFor the three months ended June 30, 2024, DraftKings reported revenue of $1,104 million, an increase of $230 million, or 26%, compared to $875 million during the same period in 2023. The increase in the Company
LAS VEGAS, July 22, 2024 (GLOBE NEWSWIRE) -- Musburger Media today announced it has purchased VSiN, The Sports Betting Network ("VSiN"), from DraftKings Inc. (NASDAQ:DKNG). Original VSiN founders Brian Musburger and Bill Adee, who were part of the team that previously launched and led the multi-platform broadcast and content company, will lead it moving forward. "While a lot has changed in the sports betting industry over the past three-and-a-half years, our original vision for VSiN still holds and we are committed to delivering the most credible, independent information and analysis sports bettors can find anywhere," said Brian Musburger. "We truly appreciate the work we've done with Dra
BOSTON, July 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its second quarter 2024 results after the close of market trading on Thursday, August 1, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, August 2, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on Sept
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Quarter 2024 Highlights For the three months ended March 31, 2024, DraftKings reported revenue of $1,175 million, an increase of $405 million, or 53%, compared to $770 million during the same period in 2023. The increase in the Company's first quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cust
BOSTON, April 22, 2024 (GLOBE NEWSWIRE) -- DraftKings (NASDAQ:DKNG) announced today the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting into DraftKings' chief executive officer, Jason Robins. Kalani becomes DraftKings' first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company's player safety and protection activities and initiatives across all facets of its platforms and player communities. "Responsible gaming is one of our top priorities and it is a core part of our mission to build games that our customers can enjoy responsibly," said Jason Robins, CEO and Co-Founder of DraftKings. "In this leadership role, Lori
BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, May 3, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on June 30, 2
BOSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its fourth quarter and fiscal year 2023 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Fourth Quarter 2023 Highlights For the three months ended December 31, 2023, DraftKings reported revenue of $1,231 million, an increase of $376 million, or 44%, compared to $855 million during the same period in 2022. The increase in the Company's fourth quarter 2023 revenue was driven primarily by continued healthy customer engagement, efficient
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BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2024 Highlights For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or 39%, compared to $790 million during the same period in 2023. The increase in the Company's third quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cu
BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its third quarter 2024 results after the close of market trading on Thursday, November 7, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, November 8, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. E
BOSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- (revised) — DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock. The Company also posted a second quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. This press release corrects the impact of the gain on remeasurement of warrant liabilities under Accounting Standards Codification 260 on U.S. GAAP diluted earnings per share for the quarter ended June 30, 2024. Diluted earnings per
BOSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced results for the second quarter of 2024 and that its Board of Directors authorized the repurchase of an aggregate of up to $1.0 billion of its Class A common stock. The Company also posted a second quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Second Quarter 2024 HighlightsFor the three months ended June 30, 2024, DraftKings reported revenue of $1,104 million, an increase of $230 million, or 26%, compared to $875 million during the same period in 2023. The increase in the Company
BOSTON, July 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its second quarter 2024 results after the close of market trading on Thursday, August 1, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, August 2, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on Sept
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Quarter 2024 Highlights For the three months ended March 31, 2024, DraftKings reported revenue of $1,175 million, an increase of $405 million, or 53%, compared to $770 million during the same period in 2023. The increase in the Company's first quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new cust
BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, May 3, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 11:59 p.m. ET on June 30, 2
BOSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its fourth quarter and fiscal year 2023 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Fourth Quarter 2023 Highlights For the three months ended December 31, 2023, DraftKings reported revenue of $1,231 million, an increase of $376 million, or 44%, compared to $855 million during the same period in 2022. The increase in the Company's fourth quarter 2023 revenue was driven primarily by continued healthy customer engagement, efficient
BOSTON, Jan. 26, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its fourth quarter and full year 2023 results after the close of market trading on Thursday, February 15, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, February 16, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings' investor relations website at investors.draftkings.com. The audio webcast will be available on the Company's investor relations website until 1
Introduces Fiscal Year 2024 Revenue Guidance of $4.5 Billion to $4.8 Billion and Fiscal Year 2024 Adjusted EBITDA Guidance of $350 Million to $450 Million BOSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its third quarter 2023 financial results. The Company also posted a third quarter 2023 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2023 HighlightsFor the three months ended September 30, 2023, DraftKings reported revenue of $790 million, an increase of $288 million, or 57%, compared to $502 million during the same period in 20