2025 will be a 'bigger year for us': DraftKings CEO [Yahoo! Finance Canada]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance Canada
The company also reduced its full-year sales and profit outlook. DraftKings CEO and Co-Founder Jason Robins joins Catalysts to discuss the reason for the reduced forecast. "The fundamentals are super-strong," he says, citing the company's growth in handles, users, customer acquisition, and improved gross margins and revenue. Robins expresses optimism about the company's future, stating, "I think 2025's going to be an even bigger year for us." Robins explains that the decision to cut the profit forecast was due to unfavorable sports outcomes at the beginning of October, with favorites winning more than anticipated. "That's going to happen in sports betting," he acknowledges. However, Robins remains unfazed, noting that the situation can "also swing the other way sometimes" and that there is "a lot of time left in the quarter." To watch more expert insights and analysis on the latest market action, check out more Catalysts here This post was written by Angel Smith Recommende
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News
- The Surprising Risks of DraftKings (DKNG), Why The House Doesn't Always Win [Yahoo! Finance]Yahoo! Finance
- DraftKings Inc. (NASDAQ: DKNG) had its price target raised by analysts at TD Cowen from $50.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Conduktor looks to gatekeep ‘bad data' out of company's apps [TechCrunch]TechCrunch
- VCs are betting on online casinos after the success of sports gambling [Fortune]Fortune
- NFL Picks, Props And Odds For Week 10 Monday Night Football Dolphins-Rams [Forbes]Forbes
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- DKNG's page on the SEC website