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)
PX14A6G
Letter to shareholders
16 Apr 24
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
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 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
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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 | 208.90 mm | 636.17 mm | 542.55 mm | n/a | 123.35 mm |
Cash remaining | n/a | 1.38 bn | 951.41 mm | 1.05 bn | n/a | 1.46 bn |
Runway (months of cash) | n/a | 44.0 | 10.0 | 12.8 | n/a | 79.0 |
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 |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Dodge R Stanton | Class A Common Stock | Payment of exercise | Dispose F | No | No | 44.94 | 375 | 16.85 k | 228,744 |
1 Apr 24 | Dodge R Stanton | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 857 | 0.00 | 229,119 |
1 Apr 24 | Dodge R Stanton | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 857 | 0.00 | 9,436 |
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 |
News
NBA Bans Player For Life After Betting On Games: How A Potential Fake Illness Almost Won $1 Million
18 Apr 24
Decoding DraftKings's Options Activity: What's the Big Picture?
17 Apr 24
Cathie Wood's Ark Laps Up $3.3M Worth Of Tesla As Stock Falls For 3rd Straight Session, Sheds Shares Of This Sports Betting Company
16 Apr 24
Caitlin Clark Is No. 1 Pick In WNBA Draft: Media Stocks, Sportsbooks To Watch As Iowa Star Goes Pro
16 Apr 24
DraftKings Stock Has Upside To Street Estimates, Analyst Says: Sports Betting Play Will 'Benefit From Healthy Growth'
16 Apr 24
Press releases
DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024
15 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
12 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
8 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
4 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
4 Apr 24