DKNG Stock - DraftKings Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $4.77B | $3.67B | $2.24B | $1.30B | $614.53M |
| Gross Profit | $1.82B | $1.37B | $756.19M | $501.86M | $267.94M |
| Gross Margin | 38.1% | 37.5% | 33.8% | 38.7% | 43.6% |
| Operating Income | $-608,999,000 | $-789,225,000 | $-1,511,756,000 | $-1,561,617,000 | $-843,256,000 |
| Net Income | $-507,285,000 | $-802,142,000 | $-1,377,987,000 | $-1,523,195,000 | $-1,231,835,000 |
| Net Margin | -10.6% | -21.9% | -61.5% | -117.5% | -200.5% |
| EPS | $-1.05 | $-1.73 | $-3.15 | $-3.79 | $-4.03 |
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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 21st 2025 | Citigroup | Initiation | Buy | $48 |
| November 18th 2025 | Wells Fargo | Initiation | Equal Weight | $31 |
| November 10th 2025 | Northland Capital | Upgrade | Market Perform | - |
| November 4th 2025 | BofA Securities | Downgrade | Neutral | $35 |
| October 9th 2025 | Berenberg | Upgrade | Buy | $43 |
| October 7th 2025 | Mizuho | Reiterated | Outperform | $54← $58 |
| October 6th 2025 | Jefferies | Reiterated | Buy | $51← $54 |
| October 1st 2025 | Northland Capital | Downgrade | Under Perform | $33 |
| July 1st 2025 | Citigroup | Reiterated | Buy | $58← $55 |
| June 23rd 2025 | JP Morgan | Initiation | Overweight | $50 |
| June 4th 2025 | Bernstein | Initiation | Outperform | $46 |
| April 22nd 2025 | BTIG Research | Reiterated | Buy | $52← $64 |
| January 8th 2025 | Susquehanna | Reiterated | Positive | $54← $56 |
| October 18th 2024 | Mizuho | Reiterated | Outperform | $62← $54 |
| October 7th 2024 | Susquehanna | Reiterated | Positive | $50← $48 |
Earnings History & Surprises
DKNGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.38 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-0.43 | $-0.26 | +39.7% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.15 | $0.30 | +98.3% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $-0.08 | $-0.07 | +9.7% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $0.07 | $-0.28 | -500.0% | ✗ MISS |
Q4 2024 | Nov 8, 2024 | $-0.42 | $-0.60 | -42.9% | ✗ MISS |
Q3 2024 | Aug 1, 2024 | $0.01 | $0.12 | +1130.8% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $-0.29 | $-0.30 | -4.3% | ✗ MISS |
Q1 2024 | Feb 15, 2024 | $0.06 | $-0.10 | -266.7% | ✗ MISS |
Q4 2023 | Nov 2, 2023 | $-0.69 | $-0.61 | +11.6% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $-0.24 | $-0.17 | +29.2% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $-0.85 | $-0.87 | -2.4% | ✗ MISS |
Q1 2023 | Feb 16, 2023 | $-0.62 | $-0.53 | +14.5% | ✓ BEAT |
Q4 2022 | Nov 4, 2022 | $-1.07 | $-1.00 | +6.5% | ✓ BEAT |
Q3 2022 | Aug 5, 2022 | $-0.87 | $-0.50 | +42.5% | ✓ BEAT |
Q2 2022 | May 6, 2022 | $-1.22 | $-1.14 | +6.6% | ✓ BEAT |
Q1 2022 | Feb 18, 2022 | $-0.82 | $-0.80 | +2.4% | ✓ BEAT |
Q4 2021 | Nov 5, 2021 | $-1.11 | $-1.35 | -21.6% | ✗ MISS |
Q3 2021 | Aug 6, 2021 | $-0.61 | $-0.76 | -24.6% | ✗ MISS |
Latest News
DraftKings Taps Prediction Markets With Introduction Of DraftKings Predictions Mobile App
📈 PositiveBTIG Maintains Buy on DraftKings, Raises Price Target to $45
📈 Positive'Fanatics Launches Prediction Market In 24 States' - CNBC
📈 Positive'Federal Judge In Nevada Reverses A Key Court Win For Kalshi Prediction Markets' - iGamingBusiness
📉 NegativeDraftKings shares are trading higher after the company announced the launch of a Spanish-Language Interface within its Sportsbook & Casino app.
📈 PositiveDraftKings Announces Spanish Language Availability Within Its Sportsbook & Casino App
📈 PositiveDraftKings Sportsbook Launches In Missouri On Dec. 1, Fans Can Bet Right On Their Phones With No Casino Needed
📈 PositiveNeedham Reiterates Buy on DraftKings, Maintains $52 Price Target
📈 Positive'DraftKings, FanDuel Pull Out of Casino Industry Trade Group' - Bloomberg News
📉 NegativeWatching Stocks Involved In Prediction Markets; Traders Circulate Kalshi CEO Tarek Mansour Comments Saying "Plans To Be 'Aggressive' With International Expansion; Says Prediction Markets To Rival Stocks In A Few Years
📈 PositiveWells Fargo Initiates Coverage On DraftKings with Equal-Weight Rating, Announces Price Target of $31
➖ NeutralTudor Jones Takes New Stake In Draftkings Inc - Us With 69,550,000 Shares.
📈 PositiveMizuho Maintains Outperform on DraftKings, Lowers Price Target to $46
➖ NeutralCitigroup Maintains Buy on DraftKings, Lowers Price Target to $48
➖ NeutralBarclays Maintains Overweight on DraftKings, Lowers Price Target to $40
➖ NeutralMacquarie Maintains Outperform on DraftKings, Lowers Price Target to $48
📈 PositiveJP Morgan Maintains Overweight on DraftKings, Lowers Price Target to $42
➖ NeutralTruist Securities Maintains Buy on DraftKings, Lowers Price Target to $45
➖ NeutralGuggenheim Maintains Buy on DraftKings, Lowers Price Target to $45
📈 PositiveGuggenheim Maintains Buy on DraftKings, Lowers Price Target to $45
📈 PositiveFrequently Asked Questions about DKNG
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