DraftKings Q3 Earnings & Revenues Miss Estimates, Stock Down [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
However, both top and bottom lines increased on a year-over-year basis. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company's third-quarter results were driven by the return of NFL and college football. With major sports events aligning on the calendar, DraftKings is positioned to build on this momentum. DKNG plans to enhance its top-ranked sportsbook app with new live betting features and expand into NBA markets. The company's focus is on driving sustainable revenue growth and profitability in 2025 and beyond. Following the announcement, the company's shares lost 5.9% in yesterday's after-hours trading session. Investors' sentiment was negatively impacted by DKNG's decision to lower its fiscal 2024 guidance for revenues and adjusted EBITDA, due to the impact of customer-friendly sports outcomes early in the fourth quarter of 2024. In the third quarter, the company reported an adjusted loss of 60 cents per share, wider than the Zacks Consens
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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