DraftKings Inc Overview
Industry: Gambling
Sector: Consumer Cyclical
DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operat Read MoreMavefund brings filings, fundamentals, valuation, price history and news for DraftKings Inc into one research view. The sections below show what strengthens or weakens the research case.
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Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $1,443M (-5% YoY). Adjusted EBITDA was $700M.
What changed
- Revenue -5% YoY to $1,443M.
Guidance / outlook
No formal outlook was extracted from this filing excerpt. Open the SEC source to review full management commentary.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
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Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
DraftKings (DKNG) Q2 Earnings and Revenues Miss Estimates
Headline from Yahoo Finance: DraftKings (DKNG) Q2 Earnings and Revenues Miss Estimates.
DraftKings After Earnings: Buy, Hold, or Run?
Headline from Yahoo Finance: DraftKings After Earnings: Buy, Hold, or Run?
Investors betting on DraftKings despite earnings miss
Headline from CNBC: Investors betting on DraftKings despite earnings miss.
DraftKings Blasts Prediction Bets on Earnings Calls Comments
Headline from Bloomberg.com: DraftKings Blasts Prediction Bets on Earnings Calls Comments.
DraftKings CEO Blasts Prediction Bets on Earnings Call Comments
Headline from Yahoo Finance: DraftKings CEO Blasts Prediction Bets on Earnings Call Comments.
DraftKings Q2 Earnings Call Highlights
Headline from Yahoo Finance: DraftKings Q2 Earnings Call Highlights.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.