DraftKings earnings, PFL goes international: YF Sports Report [Yahoo! Finance Canada]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance Canada
takes a look at the sports betting giant and breaks down why it took a financial hit at the expense of bettors taking massive wins. In their recent earnings report, DraftKings announced that they revised their 2024 fiscal guidance due to NFL game bets going in favor of bettors. Pompliano says it's not something DraftKings should worry about long term as they're “sort of an ebb and flow with betting where sometimes the favorites go on a hot streak and sometimes the underdogs do as well.” However, he advises it “is certainly something that we need to be watching out for because the vig that DraftKings was seeing on these bets was not enough to make up for the loss on the NFL bets.” Losses from football aside, DraftKings CEO Jordan Robins is optimistic about the future of the company, recently telling Yahoo finance , "2025's going to be an even bigger year for us." Commercial sports betting has become a multi-billion dollar industry that is continuing to grow. According to the Amer
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News
- Socure Unveils Graph Intelligence Module, Bringing Unprecedented Visibility Into the Connections Across its Vast Network Identity Graph [Yahoo! Finance]Yahoo! Finance
- 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
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 144
- 11/13/24 - Form 4
- DKNG's page on the SEC website