US Senators are requsting FTC probe into the behaviour of Draftkings and Fanduel $DKNG (+1,07 %)
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9$DKNG (+1,07 %) | DraftKings Q3 Earnings Highlights:
🔹 Revenue: $1.095B (Est. $1.112B) 🔴; UP +39% YoY
🔹 Adjusted EPS: -$0.17 (Est. -$0.42) 🟢
🔹 Net Loss: -$293.7M vs. -$283.1M in Q3 2023
🔹 Monthly Unique Payers (MUPs): 3.6M; UP +55% YoY
FY24 Outlook:
🔹 Revenue: $4.85B-$4.95B (Prior: $5.05B-$5.25B) 😕
🔹 Adjusted EBITDA: $240M-$280M (Prior $340M-$420M)😕
FY2025 Guidance:
🔹 Revenue: $6.2B-$6.6B; UP +31% YoY at midpoint
🔹 Adjusted EBITDA: $900M-$1.0B
Key Metrics:
🔹 Average Revenue per MUP: $103; DOWN -10% YoY
🔹 Adjusted EBITDA: -$58.5M vs. -$153.4M in Q3 2023
🔹 Operating Loss: -$298.6M vs. -$286.6M in Q3 2023
CEO Jason Robins’ Commentary:
🔸 "DraftKings delivered strong performance this quarter with the return of major sports. We’re positioned to build on this momentum as we enhance our sportsbook app with live betting features and new NBA markets."
Business Highlights:
🔸 Mobile sports betting live in 25 states + Washington D.C.
🔸 iGaming live in 5 states
🔸 Recently expanded into Ontario, Canada
🔸 Missouri sports betting legalization passed
🔸 Acquired Jackpocket Inc. in May 2024
DraftKings
$DKNG (+1,07 %) published its quarterly results last night:
Earnings per share (EPS) of $0,22 exceeds expectations of -$0,01.
The turnover of $1,1 billion was hit.
DraftKings has also launched a share buyback program worth 1 billion dollars announced.
Upcoming events for next week:
Monday:
- Arista Networks Inc. ($ANET ) and Cadence Design Systems Inc. ($CDNS (+0,16 %) ) report quarterly figures before.
- Monthly US federal budget statement (January).
Tuesday:
- Quarterly figures from Coca-Cola ($KO (-0,4 %) ), Moody's Corp. ($MCO (+0,31 %) ), Shopify Inc. ($SHOP (+0,9 %) ), Airbnb Inc. ($ABNB (+3,68 %) ) and Marriott International Inc. ($MAR (+0,19 %) ).
- Consumer Price Index (CPI) (January).
Wednesday:
- Quarterly figures from Cisco ($CSCO (+0,68 %) ), Sony Group Corp. ($6758 (+1,35 %) ) and Kraft Heinz Co. ($KHC (+0,69 %) ).
Thursday:
- Quarterly figures of Applied Materials Inc. ($AMAT (+0,53 %) ), Stellantis ($STLAM (-0,17 %) ), Occidental Petroleum Corp. ($OXY (+5,16 %) ), John Deere & Co. ($DE (+0,19 %) ), DoorDash Inc. ($DASH (+1,33 %) ), CBRE Group Inc. ($CBRE (+0 %) ), Coinbase Global Inc. ($COIN (-0 %) ) and DraftKings Inc. ($DKNG (+1,07 %) ).
- Initial claims for unemployment benefits (week ending February 10)
- US Retail Sales (January)
- Import Price Index (January)
- Industrial Production (January)
- Capacity utilization (January)
- Homebuilder confidence index (February)
Friday:
- Producer Price Index
(PPI) (January) - Building permits (January)
- Michigan Consumer Sentiment Index (Preliminary February)
Dear GQ-Support could you please add the logo for $DKNG (+1,07 %) add? Thank you :)
Are any of you invested in DraftKings or gambling in general? If yes what made you do it if no why not? For moral reasons or something else? $DKNG (+1,07 %)
Draftkings $DKNG (+1,07 %) - first position opened 😎🤞🏽
is a US sports betting and fantasy sports provider headquartered in Boston. The company allows betting on various sports such as American soccer, tennis, basketball, soccer and other sports as well as fantasy sports.
Market cap is around 12 billion euros
The first profits are forecast for 2025.
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