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draftkings inc. - DKNG

DKNG

Close Chg Chg %
43.80 -0.25 -0.57%

Closed Market

43.55

-0.25 (0.57%)

Volume: 6.11M

Last Updated:

Nov 21, 2024, 4:00 PM EDT

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Company Overview: draftkings inc. - DKNG

DKNG Key Data

Open

$43.80

 Day Range

43.42 - 44.48

52 Week Range

28.69 - 49.57

 Market Cap

$21.36B

Shares Outstanding

487.63M

 Public Float

469.54M

Beta

1.82

 Rev. Per Employee

N/A

P/E Ratio

N/A

 EPS

-$0.87

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

9.90M

  

DKNG Performance

1 Week
 
 9.94%
 
1 Month
 
 20.10%
 
3 Months
 
 20.43%
 
1 Year
 
 13.18%
 
5 Years
 
 336.14%
 

DKNG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 37
Full Ratings ➔

About draftkings inc. - DKNG

DraftKings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports betting, online casino, daily fantasy sports product offerings, DraftKings Marketplace, retail sportsbook, media, and other consumer product offerings. It operates through the following segments: Business-to-Consumer (B2C) and Business-to-Business (B2B). The Business-to-Consumer segment includes sportsbook, iGaming and DFS product offerings, as well as media and other consumer product offerings. The Business-to-Business segment includes design and development of gaming software. The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

DKNG At a Glance

DraftKings, Inc.
222 Berkeley Street
Boston, Massachusetts 02116
Phone 1-617-986-6744 Revenue 3.67B
Industry Movies/Entertainment Net Income -802,142,000.00
Sector Consumer Services 2023 Sales Growth 63.6%
Fiscal Year-end 12 / 2024 Employees 4,400
View SEC Filings

DKNG Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 4.449
Price to Book Ratio 19.829
Price to Cash Flow Ratio N/A
Enterprise Value to EBITDA -29.778
Enterprise Value to Sales 4.466
Total Debt to Enterprise Value 0.082

DKNG Efficiency

Revenue/Employee 833,043.864
Income Per Employee -182,305.00
Receivables Turnover 10.493
Total Asset Turnover 0.918

DKNG Liquidity

Current Ratio 1.337
Quick Ratio 1.337
Cash Ratio 0.827

DKNG Profitability

Gross Margin 37.464
Operating Margin -20.507
Pretax Margin -21.587
Net Margin -21.884
Return on Assets -20.091
Return on Equity -74.169
Return on Total Capital -36.688
Return on Invested Capital -33.298

DKNG Capital Structure

Total Debt to Total Equity 160.19
Total Debt to Total Capital 61.567
Total Debt to Total Assets 34.122
Long-Term Debt to Equity 158.822
Long-Term Debt to Total Capital 61.041
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Draftkings Inc. - DKNG

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
614.53M 1.30B 2.24B 3.67B
Sales Growth
- +110.90% +72.87% +63.60%
Cost of Goods Sold (COGS) incl D&A
346.59M 794.16M 1.48B 2.29B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
77.41M 121.14M 169.25M 201.92M
Depreciation
9.31M 13.84M 18.65M 21.02M
Amortization of Intangibles
68.10M 107.30M 150.60M 180.90M
COGS Growth
- +129.14% +86.90% +54.43%
Gross Income
267.94M 501.86M 756.19M 1.37B
Gross Income Growth
- +87.30% +50.68% +81.60%
Gross Profit Margin
+43.60% +38.72% +33.75% +37.46%
2020 2021 2022 2023 5-year trend
SG&A Expense
1.11B 2.06B 2.27B 2.12B
Research & Development
168.63M 253.66M 318.25M 355.16M
Other SG&A
942.57M 1.81B 1.95B 1.77B
SGA Growth
+59,728.57% +85.70% +9.91% -6.31%
Other Operating Expense
- - - -
-
Unusual Expense
387.56M (30.07M) (29.40M) 95.10M
EBIT after Unusual Expense
(1.23B) (1.53B) (1.48B) (846.77M)
Non Operating Income/Expense
- 13.91M 39.40M 58.19M
Non-Operating Interest Income
- 1.96M 18.70M 58.42M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - 1.07M 2.68M
-
Interest Expense Growth
- - - -
-
Gross Interest Expense
- - 1.07M 2.68M
-
Interest Capitalized
- - - -
-
Pretax Income
(1.23B) (1.52B) (1.44B) (791.25M)
Pretax Income Growth
-37,958.87% -23.20% +4.92% +45.16%
Pretax Margin
-200.46% -117.10% -64.40% -21.59%
Income Tax
(622.00K) 8.27M (67.87M) 10.17M
Income Tax - Current - Domestic
201.00K 604.00K 456.00K 433.00K
Income Tax - Current - Foreign
1.46M 23.17M 5.08M 3.89M
Income Tax - Deferred - Domestic
(411.00K) (7.60M) (70.03M) 2.85M
Income Tax - Deferred - Foreign
(1.87M) (7.91M) (3.37M) 3.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(1.23B) (1.52B) (1.38B) (802.14M)
Minority Interest Expense
- - - -
-
Net Income
(1.23B) (1.52B) (1.38B) (802.14M)
Net Income Growth
-53,439.84% -23.65% +9.53% +41.79%
Net Margin Growth
-200.45% -117.53% -61.50% -21.88%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(1.23B) (1.52B) (1.38B) (802.14M)
Preferred Dividends
- - - -
-
Net Income Available to Common
(1.23B) (1.52B) (1.38B) (802.14M)
EPS (Basic)
-4.031 -3.7844 -3.1568 -1.734
EPS (Basic) Growth
-8,825.11% +6.12% +16.58% +45.07%
Basic Shares Outstanding
305.59M 402.49M 436.51M 462.60M
EPS (Diluted)
-4.031 -3.7844 -3.1568 -1.734
EPS (Diluted) Growth
-8,825.11% +6.12% +16.58% +45.07%
Diluted Shares Outstanding
305.59M 402.49M 436.51M 462.60M
EBITDA
(765.85M) (1.44B) (1.34B) (549.75M)
EBITDA Growth
-41,134.37% -88.09% +6.80% +59.05%
EBITDA Margin
-124.62% -111.15% -59.92% -15.00%

Snapshot

Average Recommendation BUY Average Target Price 51.327
Number of Ratings 37 Current Quarters Estimate 0.007
FY Report Date 12 / 2024 Current Year's Estimate -0.742
Last Quarter’s Earnings -0.60 Median PE on CY Estimate N/A
Year Ago Earnings -1.73 Next Fiscal Year Estimate 0.55
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 23 15 25 27
Mean Estimate 0.01 -0.00 -0.74 0.55
High Estimates 0.37 0.23 -0.24 0.89
Low Estimate -0.13 -0.14 -0.91 -0.24
Coefficient of Variance 1,329.25 -6,141.09 -17.33 44.81

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 29 28 29
OVERWEIGHT 2 4 3
HOLD 6 6 5
UNDERWEIGHT 0 0 0
SELL 0 0 1
MEAN Buy Buy Buy

Insider Actions for Draftkings Inc. - DKNG

Date Name Shares Transaction Value
Oct 4, 2024 R. Stanton Dodge Chief Legal Officer 271,305 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $38.25 per share 10,377,416.25
Oct 4, 2024 R. Stanton Dodge Chief Legal Officer 4,289 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Oct 4, 2024 R. Stanton Dodge Chief Legal Officer 271,680 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 18, 2024 Paul Liberman See Remarks; Director 1,716,406 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $39 per share 66,939,834.00
Jun 28, 2024 Paul Liberman See Remarks; Director 229,846 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $38.43 per share 8,832,981.78
Jun 28, 2024 Paul Liberman See Remarks; Director 1,691,171 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $39.25 per share 66,378,461.75
Jun 28, 2024 Paul Liberman See Remarks; Director 1,779,612 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $0.63 per share 1,121,155.56
Jun 28, 2024 Paul Liberman See Remarks; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 28, 2024 Paul Liberman See Remarks; Director 205,962 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $39.32 per share 8,098,425.84
Jun 5, 2024 Alan Ellingson Chief Financial Officer 11,126 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 5, 2024 R. Stanton Dodge Chief Legal Officer 7,720 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 5, 2024 Matthew Kalish See Remarks; Director 3,466,398 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $35.13 per share 121,774,561.74
Jun 5, 2024 R. Stanton Dodge Chief Legal Officer 72,372 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 5, 2024 R. Stanton Dodge Chief Legal Officer 121,321 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 5, 2024 Matthew Kalish See Remarks; Director 3,476,048 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 5, 2024 R. Stanton Dodge Chief Legal Officer 251,069 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $35.13 per share 8,820,053.97
Jun 5, 2024 Matthew Kalish See Remarks; Director 3,471,382 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $35.13 per share 121,949,649.66
Jun 5, 2024 R. Stanton Dodge Chief Legal Officer 251,444 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 5, 2024 Matthew Kalish See Remarks; Director 144,742 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 5, 2024 Matthew Kalish See Remarks; Director 3,477,064 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Draftkings Inc. in the News

Markets

Ladbrokes owner Entain confirms DraftKings offer

Entain Plc on Tuesday confirmed that U.S. fantasy sports betting company DraftKings has made an offer to buy the British gambling firm in a deal that one media report said could be valued at $20 billion.