DraftKings Stock Rebounds From Post-Earnings Plunge [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
The online betting site said it lowered its current-year outlook because of "very customer-friendly" betting outcomes early in the period. With Friday's gains, DraftKings shares have climbed over 13% since the start of the year. DraftKings ( DKNG ) shares rebounded from early losses Friday after the company posted weaker-than-expected earnings, but offered a strong outlook for 2025. CEO Jason Robins wrote in a letter to shareholders that the company expects full-year 2025 revenue of between $6.2 billion and $6.6 billion, representing a 27% to 35% jump from its lowered fiscal 2024 projections, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $900 million to $1 billion. The CEO added the company expects further upside in fiscal year 2026 and beyond, despite short-term headwinds, saying "the overall trajectory of our business is strong." DraftKings reduced its current-year outlook to $4.85 billion to $4.95 billion from $5.05 billion to $
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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