Should You Add DraftKings (DKNG) to Your Portfolio?

Core Insights - Brown Advisory's Large-Cap Growth Strategy demonstrated resilience in Q2 2025, achieving a return of 16%, slightly underperforming the Russell 1000® Growth Index [1] - DraftKings Inc. (NASDAQ:DKNG) was highlighted as a key investment, showing a one-month return of 6.37% and a 52-week gain of 19.43% [2] - The company reported a revenue increase of 37% year-over-year to $1.513 billion in Q2 2025, with an adjusted EBITDA of $301 million, reflecting a 20% margin [4] Company Overview - DraftKings Inc. is a leader in the U.S. online gaming and sports betting market, benefiting from state-by-state legalization and a growing total addressable market [3] - The company is positioned to capitalize on favorable regulatory trends and increased consumer adoption, supported by disciplined cost management and operational leverage [3] - DraftKings is focused on continued expansion, product innovation, and maintaining a strong brand to capture additional market share and sustain long-term growth [3] Investment Sentiment - As of the end of Q2 2025, DraftKings was held by 66 hedge fund portfolios, a decrease from 70 in the previous quarter [4] - Despite its potential, some analysts believe that certain AI stocks may offer greater upside potential with less downside risk compared to DraftKings [4]