DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts (MMA), Tennis, All Elite Wrestling (AEW), and WWE.
Company profile
Ticker
DKNG
Exchange
Website
CEO
Jason D. Robins
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New Duke Holdco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Crown FL Gaming LLC ...
DKNG stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
8-K
DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies
18 Mar 24
UPLOAD
Letter from SEC
29 Feb 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Entry into a Material Definitive Agreement
15 Feb 24
CORRESP
Correspondence with SEC
2 Feb 24
UPLOAD
Letter from SEC
29 Jan 24
CORRESP
Correspondence with SEC
8 Jan 24
Transcripts
DKNG
Earnings call transcript
2023 Q4
16 Feb 24
DKNG
Earnings call transcript
2023 Q3
3 Nov 23
DKNG
Earnings call transcript
2023 Q2
4 Aug 23
DKNG
Earnings call transcript
2023 Q2
4 Aug 23
DKNG
Earnings call transcript
2023 Q1
5 May 23
DKNG
Earnings call transcript
2022 Q4
17 Feb 23
DKNG
Earnings call transcript
2022 Q3
4 Nov 22
DKNG
Earnings call transcript
2022 Q2
5 Aug 22
DKNG
Earnings call transcript
2022 Q1
6 May 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.59 bn | 1.59 bn | 1.59 bn | 1.59 bn | 1.59 bn | 1.59 bn |
Cash burn (monthly) | (no burn) | 31.37 mm | 95.53 mm | 81.47 mm | (no burn) | 18.52 mm |
Cash used (since last report) | n/a | 186.59 mm | 568.22 mm | 484.59 mm | n/a | 110.18 mm |
Cash remaining | n/a | 1.40 bn | 1.02 bn | 1.10 bn | n/a | 1.48 bn |
Runway (months of cash) | n/a | 44.7 | 10.7 | 13.5 | n/a | 79.8 |
Institutional ownership, Q4 2023
46.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 584 |
Opened positions | 119 |
Closed positions | 171 |
Increased positions | 172 |
Reduced positions | 192 |
13F shares | Current |
---|---|
Total value | 7.15 tn |
Total shares | 218.83 mm |
Total puts | 7.15 mm |
Total calls | 7.06 mm |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 39.26 mm | $1.38 tn |
ARK Investment Management | 12.32 mm | $434.18 bn |
Wellington Management | 10.74 mm | $378.46 bn |
STT State Street | 8.79 mm | $309.71 bn |
CMTDF Sumitomo Mitsui Trust | 8.39 mm | $295.78 bn |
Nikko Asset Management Americas | 7.47 mm | $263.31 bn |
MS Morgan Stanley | 7.35 mm | $259.01 bn |
Capital Research Global Investors | 7.16 mm | $252.44 bn |
IVZ Invesco | 7.13 mm | $251.41 bn |
Atlas Venture Advisors | 6.56 mm | $231.09 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
23 Mar 24 | Dodge R Stanton | Class A Common Stock | Payment of exercise | Dispose F | No | No | 47.2 | 858 | 40.50 k | 228,262 |
23 Mar 24 | Dodge R Stanton | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 1,961 | 0.00 | 229,120 |
23 Mar 24 | Dodge R Stanton | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 1,961 | 0.00 | 1,960 |
19 Mar 24 | Jason Robins | Class A Common Stock | Payment of exercise | Dispose F | No | No | 43.78 | 20,976 | 918.33 k | 3,243,231 |
19 Mar 24 | Jason Robins | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 43,382 | 0.00 | 3,264,207 |
19 Mar 24 | Jason Robins | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 43,382 | 0.00 | 0 |
19 Mar 24 | Jason Robins | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 43,382 | 0.00 | 43,382 |
19 Mar 24 | Paul Liberman | Class A Common Stock | Payment of exercise | Dispose F | No | No | 43.78 | 11,336 | 496.29 k | 742,556 |
19 Mar 24 | Paul Liberman | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 23,445 | 0.00 | 753,892 |
19 Mar 24 | Paul Liberman | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 23,445 | 0.00 | 0 |
News
MoffettNathanson Maintains Buy on DraftKings, Raises Price Target to $55
28 Mar 24
Caitlin Clark Helping ESPN, Sportsbooks: How Iowa's Success In NCAA Tournament Could Help Women's Sports
27 Mar 24
NCAA Seeks To Ban College Prop Bets: Why DraftKings Stock Is Dipping Today
27 Mar 24
NCAA President Charlie Baker Posted On X "It Is Time For Us To Draw The Line On Sports Betting To Protect Student-Athletes"
27 Mar 24
Needham Maintains Buy on DraftKings, Raises Price Target to $58
27 Mar 24
Press releases
DraftKings and Kindbridge Behavioral Health Expand Program That Provides Treatment Resources for Individuals Experiencing Potential Indications of Problem Gaming
21 Mar 24
DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies
18 Mar 24
DraftKings Launches "My Stat Sheet" – A New Tool to Promote Responsible Gaming
14 Mar 24
DraftKings Set to Launch Mobile Sports Betting in North Carolina on March 11
7 Mar 24
DraftKings Announces Jason Robins' Participation in Upcoming Event
6 Mar 24