May 2, 2024 Forward-Looking Statements You should not rely on forward-looking statements as predictions of future events. We have based the forward-looking statements contained in this presentation primarily on our current expectations and projections about future events and trends, including the current macroeconomic environment, that we believe may affect our business, financial condition, results of operations, and prospects. These forward-looking statements are not guarantees of future performance, cond ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________. Commission file number 001-41379 DRAFTKINGS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million Boston, MA – May 2, 2024 — DraftKings Inc. (Nasdaq: DKNG) ("DraftKings" or the "Company") today announced its first quarter 2024 financial results. The Company also posted a first quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. First Qua ...

Learn what trend is sweeping the U.S. and what stock is poised to capitalize on it.Trends can be easy to miss. After all, many people heard about artificial intelligence (AI) and how it was the "next big thing," and yet, many of those same people never invested a penny into AI stocks like Nvidia, Super Micro Computer, or SoundHound AI before they went parabolic during the last two years.So, what other trends -- and potential multibaggers -- might investors be missing?I think I've identified one such trend. ...

DraftKings stock has scored a positive post-earnings reaction in six of its last eight reportsDraftKings Inc (NASDAQ:DKNG) steps into the earnings confessional after the stock market closes on Thursday, May 2. Ahead of the event, the sports betting stock is testing a key trendline on the charts, and has lost a little of its luster from its first-quarter breakout. The good news: DKNG historically tends to outperform after earnings reports.DraftKings stock has closed higher the session after reporting in six ...

DraftKings (DKNG) is set to report first-quarter 2024 results on May 2.The Zacks Consensus Estimate for revenues is pegged at $1.13 billion, indicating an increase of 46.24% from the year-ago quarter’s levels.The Zacks Consensus Estimate is pegged at a loss of 28 cents per share, which has remained unchanged in the past 30 days.The company’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing the same twice, delivering an average negative surprise of 57.07%.Let’s se ...

DraftKings (DKNG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -9.9%, compared to the Zacks S&P 500 composite's -3% change. During this period, the Zacks Gaming industry, which DraftKings falls in, has lost 7.7%. The key question now is: What could be the stock's future direction?While media releases or rumors about a substan ...

The analyst believes DraftKings stock is an unquestioned buy on share price weakness.Attention should surely be paid to any stock that has double-digit upside potential. That's very much the situation with online and mobile sports betting platform operator DraftKings (DKNG -0.32%).At least, that's the take from one analyst following the stock, who feels that its price could climb 46% over the next year or so. Here's why he thinks the company is well worth a wager.DraftKings has real upside potentialOppenhei ...

DraftKings (DKNG) closed the latest trading day at $41.20, indicating a +1.45% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 1.2%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.59%.The company's shares have seen a decrease of 14.31% over the last month, not keeping up with the Consumer Discretionary sector's loss of 6.73% and the S&P 500's loss of 4.16%.Investors will be eagerly watching for the performance of DraftKings in i ...

Hirurg DraftKings Inc. (NASDAQ:DKNG) has been trending upwards since late 2022 as its stock is up 90% over the past year and 15% on a YTD basis. With that in mind, I believe DraftKings has more upside to realize in the coming years due to the substantial growth in online gambling and sports betting more specifically. This is seen by the record betting activity on this year’s Super Bowl, as well as the men’s and women’s NCAA Basketball tournaments. In my opinion, the growth witnessed by the sports bettin ...