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DraftKings (DKNG)

Company Profile

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

www.draftkings.com

CEO

Jason D. Robins

Incorporated

Location

Fiscal year end

Industry (SIC)

Services - Miscellaneous Amusement & Recreation

International Game Technology • Walt Disney Co (The) • Six Flags Entertainment • SeaWorld Entertainment • Madison Square Garden Sports • Cedar Fair • Vail Resorts • Vivid Seats • RedBall Acquisition • Everi ...

Former names

New Duke Holdco, Inc.

SEC CIK

Corporate docs

Material Contracts & Credit Agreements

DKNG stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$19.58

Low target

$12.00

High target

$28.00

Canaccord Genuity

Latest filings (excl ownership)

View all

Quarterly report

4 Nov 22

Adjusted EBITDA Improves Significantly Compared to Third Quarter of 2021

Quarterly report

5 Aug 22

Raises 2022 revenue guidance and improves 2022 Adjusted EBITDA guidance

Prospectus update (post-effective amendment)

Prospectus update (post-effective amendment)

Prospectus update (post-effective amendment)

Quarterly report

Raises 2022 guidance for both revenue and Adjusted EBITDA based on continued strong customer behavior and optimization of cost structure

Registration of securities for employees

Transcripts

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

View all

R Stanton Dodge

R Stanton Dodge

Financial summary

Financial statements Chart DKNG financial data

Quarter (USD)	Sep 22	Jun 22	Mar 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)
Cash on hand (at last report)	1.96 bn		1.96 bn		1.96 bn
Cash burn (monthly)	(no burn)		151.68 mm		(no burn)
Cash used (since last report)	n/a		626.17 mm		n/a
Cash remaining	n/a		1.34 bn		n/a
Runway (months of cash)	n/a		8.8		n/a

Beta Read what these cash burn values mean

Financial data from DraftKings earnings reports.

Recent insider trades

DKNG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Jan 23	Jason Robins	Class A Common Stock	Payment of exercise	Dispose F	No	No	14.56	4,014	58.44 k	5,700,421
23 Jan 23	Jason Robins	Class A Common Stock	Option exercise	Acquire M	No	No	0	11,587	0.00	5,704,435
23 Jan 23	Jason Robins	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	11,587	0.00	57,936
23 Jan 23	Jason Park	Class A Common Stock	Payment of exercise	Dispose F	No	No	14.56	1,621	23.60 k	477,418
23 Jan 23	Jason Park	Class A Common Stock	Option exercise	Acquire M	No	No	0	4,635	0.00	479,039
23 Jan 23	Jason Park	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	4,635	0.00	23,174
23 Jan 23	Matthew Kalish	Class A Common Stock	Payment of exercise	Dispose F	No	No	14.56	2,182	31.77 k	2,658,510
23 Jan 23	Matthew Kalish	Class A Common Stock	Option exercise	Acquire M	No	No	0	6,239	0.00	2,660,692
23 Jan 23	Matthew Kalish	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	6,239	0.00	31,196
23 Jan 23	Dodge R Stanton	Class A Common Stock	Payment of exercise	Dispose F	No	No	14.56	513	7.47 k	364,589

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Benzinga Pro's Top 5 Stocks To Watch For Thursday, February 2, 2023: META, DKNG, MTCH, PENN, GNS

Meta Platforms (META) - Shares were up 20% Thursday morning following better-than-expected quarterly sales and first-quarter guidance which was inline with analysts' estimates. Analysts at

How Tom Brady Retirement News Is Impacting The Sports Betting World

On Wednesday, the NFL world got the news that quarterback Tom Brady was retiring from the league after 23 seasons. The announcement was after Brady came out of a quick retirement after the 2021 season to play another season for the Tampa Bay Buccaneers.

Bragg Gaming Extends New Content Rollout Following Launch With DraftKings In New Jersey

Providing content from proprietary Atomic Slot Lab and Indigo Magic studios to leading iGaming operator Bragg Gaming Group ((BRAG, BRAG) ("Bragg" or "the Company"), today announced that it

ChatGPT Correctly Predicted 3 Of 3 NFL Playoff Matchups, Here's Who It Likes In The NFL Conference Championships

FTX's Bankruptcy: A Who's Who of Institutional Creditors

Press releases

From Benzinga Pro

DraftKings to Release Fourth Quarter and Full Year 2022 Results on February 16, 2023, and Host Conference Call on February 17, 2023

BOSTON, Jan. 27, 2023 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its fourth quarter and full year 2022 results after the close of market

Paysafe Expands US iGaming Presence With Ohio Market Entry

Company now powering payments for multiple online sportsbooks in Ohio plus 24 other U.S. jurisdictions following recent Maryland expansion Paysafe (NYSE:PSFE), a leading payments platform, today announced its expansion

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of DraftKings Inc. (DKNG)

New York, New York--(Newsfile Corp. - January 7, 2023) - Pomerantz LLP is investigating claims on behalf of investors of DraftKings Inc. ("DraftKings" or the "Company") (NASDAQ:DKNG). Such investors are advised to

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. (DKNG)

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. (DKNG)