Raises 2025 Revenue Guidance Midpoint to $6.45 Billion; Reaffirms 2025 Adjusted EBITDA Guidance of $900 Million to $1.0 Billion BOSTON, Feb. 13, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its fourth quarter and fiscal year 2024 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 2024 HighlightsFor the three mon ...

You’d have to look far and wide to find an area of Wall Street not rattled by tariffs or Trump trade. But some sectors are at least insulated, for now, from the coming storm. One stock to watch these week is sports betting giant DraftKings Inc (NASDAQ:DKNG).DraftKings reports fourth-quarter earnings after the close Thursday, Feb. 13. For a company stalled by profitability until only recently, DKNG has a stellar history of post-earnings moves. After the last eight reports, DraftKings has moved higher after ...

Core Viewpoint - DraftKings Inc. is set to report its fourth-quarter 2024 results on February 13, with expectations of a wider adjusted loss per share and a significant year-over-year revenue increase driven by user growth and market expansion [1][2][3]. Group 1: Earnings Estimates - The Zacks Consensus Estimate for the fourth-quarter adjusted loss per share has widened to 19 cents from 17 cents over the past 30 days, compared to an adjusted loss per share of 10 cents in the same quarter last year [2]. - Revenue expectations are pegged at $1.41 billion, indicating a 14.9% year-over-year increase [2]. Group 2: Factors Influencing Q4 Results - The anticipated revenue growth is likely supported by a surge in new online sportsbook and iGaming users, along with strong customer-acquisition momentum [3]. - The integration of Jackpocket has broadened DraftKings' reach, providing cost-effective customer acquisition and new cross-selling opportunities [3]. - The company has been refining its product lineup with innovative features, which may have attracted more users to its Sportsbook platform [4]. Group 3: Cost and Tax Pressures - Despite user growth, marketing expenses are expected to remain elevated due to ongoing investments in the Jackpocket brand, potentially impacting adjusted EBITDA [4]. - Rising sportsbook tax rates in key states such as Illinois, New York, and Pennsylvania may have added cost pressures, affecting the bottom line [5]. Group 4: Earnings Prediction Model - The Zacks model predicts an earnings beat for DraftKings, supported by a positive Earnings ESP of +21.76% and a Zacks Rank of 3 (Hold) [6][7].

The Super Bowl is one of the most lucrative advertising events, with companies spending millions on commercial slots that last under just a minute.  The average cost for a 30-second Super Bowl ad in 2024 was roughly $7 million, with brands using this opportunity to generate brand awareness, boost overall consumer engagement, and show off new products.And for 2025, that price tag has gone up to roughly $8 million. Several companies, including DraftKings (DKNG) , could see a slight sales catalysts given its e ...

BOSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its fourth quarter and full year 2024 results after the close of market trading on Thursday, February 13, 2025. DraftKings will host a conference call and audio webcast the following morning, Friday, February 14, 2025, at 8:30 a.m. ET, during which management will discuss the Company’s results and provide commentary on business performance. To listen to the audio webc ...

Group 1 - The Mega Millions jackpot of $112 million is the largest win ever recorded from a ticket ordered through a lottery courier app, specifically Jackpocket [1][2] - Jackpocket has established itself as the leading lottery courier service, with customers winning a total of 61 prizes of $1 million or more to date [2] - A significant shift towards digital lottery ticket purchasing is evident, with 40% of Americans participating in the lottery in the past six months using mobile apps or websites [3] Group 2 - Jackpocket is available in 19 jurisdictions, allowing users to order tickets for major lotteries like Powerball and Mega Millions, as well as local state lottery games [4] - The app also offers digital scratch-off tickets in select states, enhancing the convenience for lottery players [4][5] - Jackpocket is a subsidiary of DraftKings Inc., indicating a strategic alignment with a major player in the gaming industry [5]

The latest trading session saw DraftKings (DKNG) ending at $39.83, denoting a +0.86% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.86%, while the tech-heavy Nasdaq lost 0.38%.The company's stock has dropped by 0.98% in the past month, exceeding the Consumer Discretionary sector's loss of 5.64% and the S&P 500's loss of 2.2%.The upcoming earnings release of DraftKings will be of great interest to investors. The compan ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about DraftKings (DKNG) .DraftKings currently has an average brokerage ...

Core Insights - December is a significant month for corporate spending, driven by a "use it or lose it" mentality among department heads, leading to increased expenditures in various sectors [1][2] - Companies like Cloudflare benefit from year-end spending as IT managers allocate excess budgets to software, resulting in a notable increase in stock prices during first-quarter earnings announcements [3][4] - Seasonal effects are prevalent in industries such as natural gas and retail, where companies experience predictable profit surges during specific times of the year [5][6] Group 1: Company-Specific Insights - Cloudflare Inc. (NET) is a leading cybersecurity firm that protects 80% of corporate and government websites from DDoS attacks, benefiting from increased spending during the fourth quarter [3][21][24] - Cheniere Energy Inc. (LNG) is the largest exporter of liquefied natural gas in the U.S., with stock prices rising 20.7% in the first two months of the year due to seasonal demand in Europe [10][12] - DraftKings Inc. (DKNG) experiences revenue boosts during major sporting events, with a historical 13% increase in share prices from January through mid-February [14][19] Group 2: Market Trends and Predictions - Analysts expect Cloudflare's revenues to rise by 23% this year, with net income projected to increase by 25% to $942 million, indicating strong fundamental performance [26] - DraftKings is anticipated to achieve over $1 billion in annual profits by 2027 as it transitions from user acquisition to monetization [19] - Seasonal investing strategies, such as those developed by TradeSmith, aim to identify optimal buying moments for high-quality companies, leveraging historical data and seasonal trends [7][29][30]

The S&P 500 (^GSPC -1.54%) had a great run in 2024, rising 25%. But some growth stocks didn't fare as well, even as the underlying businesses continued to grow. Here are two stocks that Wall Street is overlooking that could be ready to advance in the new year.1. RokuRoku (ROKU -4.59%) has seen its stock price fall well off its highs over the last three years. Still, the company continues to grow the number of households on its platform at double-digit rates, and management is starting to focus on improving ...