Market Sentiment Around Loss-Making DraftKings Inc. (NASDAQ:DKNG) [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. With the latest financial year loss of US$802m and a trailing-twelve-month loss of US$417m, the US$22b market-cap company alleviated its loss by moving closer towards its target of breakeven. Many investors are wondering about the rate at which DraftKings will turn a profit, with the big question being “when will the company breakeven?” Below we will provide a high-level summary of the industry analysts' expectations for the company. View our latest analysis for DraftKings Consensus from 34 of the American Hospitality analysts is that DraftKings is on the verge of breakeven. They expect the company to post a final loss in 2024, before turning a profit of US$283m in 2025. Therefore, the company is expected to breakeven just over a year from today. How fast will the company have to grow each year in order to reach the breakeven point by 2025? Working backwards from
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DKNG
News
- Jim Cramer warns against novice day trading, calls zero-day options ‘pure greed' [CNBC]CNBC
- 2024 was the year America started to bet on everything [Yahoo! Finance]Yahoo! Finance
- is a senior correspondent at Business Insider, writing about business and the economy. [Business Insider]Business Insider
- Golf stars square off in The Showdown: Live updates, odds, how to watch Golf [USA TODAY]USA TODAY
- Another month, another record smashed for New Jersey internet gambling [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 11/7/24 - Beat
DKNG
Sec Filings
- 12/13/24 - Form D
- 12/11/24 - Form 4
- 12/9/24 - Form 144
- DKNG's page on the SEC website