Key PointsDraftKings had a solid quarter despite missing the analysts' consensus for revenue by less than 100 bps. Adjusted margin improved and was better than expected, leading to enhanced guidance. Analysts are defending their bullish positions and helping to support the market; a rebound may come soon. 5 stocks we like better than DraftKingsThe DraftKings Inc. NASDAQ: DKNG share price fell more than 5% following the Q4 release and guidance update, and it could be bad news for investors. A 5% move is subs ...

Draftkings Inc (NASDAQ:DKNG) posted narrower full-year losses, but shares in the sports betting firm were hit as the fourth-quarter figure fell short of analysts' expectations. Per share losses for 2023  came in at US$1.73, compared to US$3.16 in 2022, Draftkings reported on Thursday. For the fourth quarter, losses per share were US$0.10 against US$0.53 a year earlier but worse than analysts’ expected US$0.06. Revenue for the three months to December of $1.23 billion surpassed expectations, rising by 44%. A ...

DraftKings (DKNG) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of $0.06. This compares to loss of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -266.67%. A quarter ago, it was expected that this company would post a loss of $0.69 per share when it actually produced a loss of $0.61, delivering a surprise of 11.59%.Over the last four quarters, the company has surpassed consensus E ...

In this photo illustration the DraftKings logo seen displayed on a smartphone.DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%.Here's what DraftKings reported compared with what Wall Street was expecting, according to analyst estimates compiled by LSEG, formerly known as Refinitiv:Loss per share: 10 cents vs. expected profit of 8 centsRevenue: $1.23 billion vs. $1.24 billion expectedThe sports betting company sa ...

DraftKings Inc. shares dropped more than 2% in the extended session Thursday after the sports-betting platform surprised Wall Street with a quarterly loss and revenue that was merely in line with expectations. DraftKings DKNG lost $45 million, or 10 cents a share, in the fourth quarter, compared with a loss of $243 million, or 53 cents a share, in the year-ago quarter. Revenue... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywher ...

BOSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced its fourth quarter and fiscal year 2023 financial results. The Company also posted a letter to shareholders and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Fourth Quarter 2023 Highlights For the three months ended December 31, 2023, DraftKings reported revenue of $1,231 million, an increase of $376 million, or 44%, compared to $855 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) Nevada 87-2764212 (State or other jurisdiction o ...

DraftKings (DKNG) is set to report fourth-quarter 2023 results on Feb 15.The Zacks Consensus Estimate for revenues is pegged at $1.22 billion, indicating an increase of 42.88% from the year-ago quarter’s levels.The consensus mark for loss has moved south by 50% in the past 30 days to 6 cents per share.The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same once. DraftKings has a trailing four-quarter earnings surprise of 13.23%, on average.Let’s ...

On paper, online sportsbook DraftKings (NASDAQ:DKNG) secured a meaningful long-term catalyst. Late Sunday, following the end of the Super Bowl, Barstool Sports founder Dave Portnoy confirmed that the sports-oriented blog signed a multi-year deal with DraftKings. Though the recently concluded NFL championship saw record-breaking gambling interest, concerns related to the repeatability of the performance may have weighed on DKNG stock.According to Investor’s Business Daily, the new partnership arrives before ...

DraftKings and FanDuel will be the top beneficiaries from record Super Bowl betting, Bank of America wrote on Friday. Equity strategist Shaun Kelley expects Taylor Swift's presence to boost bets. The sports betting industry has rapidly expanded, boosting DraftKings' stock by 185% over the last 12 months. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a person ...