Las Vegas, Dec. 16, 2025 (GLOBE NEWSWIRE) -- The NBA Cup Final is one of the most highly anticipated events of the regular season. This event presents numerous betting opportunities and winning chances for sports bettors and fans. For the past three decades, BetUS has positioned itself as the premier betting destination, offering numerous bonuses. As the Knicks and Spurs gear up for a major showdown in this year’s Cup Final, BetUS has tailored several bonuses as its norm. Newly signed-up and existing playe ...

Core Insights - Marvell's stock is currently trading around $100, with a price-to-earnings ratio of approximately 29 times analysts' earnings expectations for the next year, indicating strong growth potential in the mid-20% range for the upcoming year [1][3] - The company announced the acquisition of Celestial AI, a pre-revenue startup specializing in photonics, which is expected to enhance Marvell's networking chip business and contribute to a projected $1 billion run rate within three years [2] - Marvell's fourth-quarter guidance suggests a 42% revenue growth for the full year, with total revenue anticipated to exceed $8 billion, and management expects over 20% growth next year, aiming for $10 billion in revenue [3][4] Company Developments - Marvell is making significant strides in the artificial intelligence (AI) sector, designing networking chips and custom AI accelerators, with major clients including Microsoft and Amazon [4] - The acquisition of Celestial AI is expected to integrate new technology into Marvell's optical interconnect chips and custom AI accelerators, enhancing performance [2] - The company has reported strong results from its custom AI chip business, with expectations for continued growth driven by the production ramp-up of Microsoft's next-generation Maia chip [3] Market Position - Despite many stocks becoming expensive, Marvell is highlighted as a strong growth stock with attractive valuations, making it a compelling investment opportunity [1][5] - The S&P 500 has shown significant growth, with a 16.5% increase through the first 11 months of 2025, indicating a favorable market environment for growth stocks like Marvell [6]

Getty Images Quick Read DraftKings (DKNG) posted a $256.8M net loss in Q3 despite $1.14B in revenue. Analysts cut DraftKings price targets by 18% to 22% citing rising competitive threat from prediction markets. DraftKings operates with negative 23.8% operating margins while spending $1.09B on marketing in Q3. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more ...

Accessibility StatementSkip Navigation FanDuel's arrival in Missouri is accompanied by major community investments and a commitment to responsible gaming NEW YORK, Dec. 1, 2025 /PRNewswire/ -- FanDuel, the premier online gaming company in North America and America's #1 Sportsbook, today announced the launch of its mobile sportsbook in Missouri as the state's new legal, regulated sports betting industry officially goes live. Beginning today, sports fans who are at least 21 years of age throughout Missouri ca ...

Core Insights - The U.S. online sports betting market is rapidly expanding, intensifying competition among leading digital gaming platforms like DraftKings Inc. and Flutter Entertainment plc [1][2] - Both companies are enhancing their product offerings and customer engagement strategies to capture a larger market share [2][12] Group 1: DraftKings Overview - DraftKings is focusing on product enhancement and user engagement, leading to solid revenue gains in Q3 2025, with a notable increase in iGaming content [4][5] - The company reported a 25% year-over-year growth in iGaming net revenues and a 17% increase in total sportsbook handle in October [5][7] - DraftKings anticipates continued growth driven by product innovation and expansion into new jurisdictions [7] Group 2: Flutter Overview - Flutter, through its brand FanDuel, is experiencing steady growth with over 14 million average monthly players and a 17% year-over-year revenue increase in Q3 2025 [8][9] - The company is enhancing customer engagement through improved pricing and personalization, contributing to a balanced performance from both U.S. and international operations [8][11] - Flutter expects to benefit from ongoing digital gaming adoption and long-term engagement trends as it continues to innovate its product ecosystem [12] Group 3: Stock Performance & Valuation - DraftKings' share price has outperformed Flutter's in the past six months but remains below the Zacks Gaming industry average [13] - DraftKings is trading at a premium compared to Flutter based on a forward 12-month price-to-sales ratio [14] - Earnings estimates for DraftKings show significant year-over-year improvements of 173.3% and 100.4% for 2025 and 2026, respectively, while Flutter's estimates reflect more modest growth of 8.1% and 39.1% [17][19]

Core Insights - DraftKings Inc. has announced significant product and market expansion plans, including a full Spanish version of its Sportsbook and Casino app, targeting the growing Spanish-speaking customer base in North America [1][2][3] - The company plans to launch its mobile sportsbook in Missouri on December 1, 2025, following the approval of a temporary direct mobile sports wagering license by the Missouri Gaming Commission [4][5] Product Personalization - The rollout of Spanish-language functionality aims to enhance accessibility and strengthen DraftKings' overall addressable market, with a focus on personalized onboarding, navigation, promotions, and betting content for Spanish-speaking users [2][3] - DraftKings will also provide Spanish-language customer support and responsible gaming tools as part of this initiative [2] Market Expansion - Missouri has been identified as the next U.S. expansion market for DraftKings, aligning with the company's long-term customer acquisition strategy due to the state's strong sports culture [4][5] - The company has already established partnerships with local teams, including the Kansas City Chiefs and the St. Louis Blues, to enhance its market presence [4] Responsible Gaming Initiatives - DraftKings emphasizes responsible gaming by introducing tools like My Stat Sheet and My Budget Builder, which assist users in tracking their activity and managing spending [6] - The company plans to host a ceremonial first bet event in St. Louis, featuring notable sports figures to promote responsible wagering during new market rollouts [6][7]

Core Insights - Flutter Entertainment is the world leader in online sports betting and igaming, with 13.9 million average monthly players globally in 2024 [1] - The company has a market cap of $33.8 billion and reported $15.43 billion in revenue over the past four quarters [2] - The online sports betting market is projected to grow from $53.78 billion in 2023 to $93.31 billion by 2030, reflecting a five-year CAGR of 11.65% [4] Company Performance - Flutter's stock has seen a significant decline, dropping 37% since late August and 25% year-to-date, attributed to increased investment spending, regulatory changes, and unfavorable sporting event outcomes [7] - In Q3 2025, Flutter reported revenue of $3.79 billion, a 17% year-over-year increase, and adjusted EPS of $1.64, exceeding analyst expectations [8] - As of September 30, Flutter had $1.73 billion in cash and liquid assets [8] Analyst Recommendations - Analyst Trey Bowers from Wells Fargo maintains an optimistic long-term outlook for Flutter, citing its strong market position and cash generation capabilities [9] - Bowers rates Flutter shares as Overweight (Buy) with a price target of $272, indicating a potential upside of 41% [9] - Flutter has a Strong Buy consensus rating based on 24 recent analyst reviews, with an average target price of $311.43, suggesting a one-year gain of 61% [10] Industry Trends - The online sports betting sector is experiencing rapid growth, leading to a shift in investor sentiment away from traditional casino companies [4] - Sportradar, a key player in the sports tech industry, provides essential data services for the online betting market, enhancing engagement and betting activities [12] - Sportradar's revenue for Q3 2025 was €292 million, up 14.5% year-over-year, with a profit of €22 million [14]

Core Insights - DraftKings Inc. (DKNG) reported a 4% year-over-year revenue increase to $1.14 billion in Q3 2025, despite a $300 million revenue drag from favorable sports outcomes, resulting in an adjusted EBITDA of negative $127 million. Management believes these fluctuations are temporary and will normalize over time [1][2][11] Financial Performance - The underlying business fundamentals remain strong, with improvements in sportsbook net revenue margin driven by a higher parlay mix and efficient promotions, alongside high customer retention. Sportsbook wagering increased by 17% year-over-year in October, indicating potential margin expansion ahead of 2026 [2][3] - The company anticipates generating $450-$550 million in positive adjusted EBITDA in 2025, recovering from a nearly $1 billion EBITDA loss in 2022, suggesting a scalable profitability model [3][4] - DraftKings is currently trading at a forward 12-month price-to-sales ratio of 2.0X, which is a discount compared to industry peers [12] Strategic Initiatives - Management highlighted the upcoming launch of DraftKings Predictions, which will allow entry into states without online sports betting, potentially unlocking significant incremental opportunities and encouraging more states to adopt regulated betting [4][11] - Partnerships with ESPN and NBCUniversal are expected to enhance customer engagement and expand DraftKings' addressable market [3][11] Competitive Landscape - DraftKings faces competition from FanDuel, which leads the U.S. market with a proven parlay-driven margin strategy, and BetMGM, which leverages its omnichannel benefits by integrating land-based casinos with online wagering [6][7] - As the industry shifts from expansion to optimization, DraftKings must focus on product innovation, improving hold rates, and strategic marketing investments to achieve sustainable profitability by 2026 [8] Market Performance - DraftKings shares have declined by 36% over the past three months, compared to a 7.6% decline in the industry [9]

Group 1: DraftKings and Flutter Entertainment - Wells Fargo initiated coverage of DraftKings (DKNG) with an Equal Weight rating and a price target of $31, expressing a bullish outlook on domestic online sports betting growth but indicating a wait for a better entry point due to near-term pressures and competition [1] - Flutter Entertainment (FLUT) was also initiated with an Overweight rating by Wells Fargo [1] Group 2: Carnival and Cruise Line Industry - Carnival (CCL) received an Overweight rating and a price target of $37 from Wells Fargo, which views the cruise sector as the most compelling within its gaming, leisure, and lodging coverage [1] - Norwegian Cruise Line (NCLH) and Royal Caribbean (RCL) were similarly initiated with Overweight ratings by Wells Fargo [1] Group 3: Cybersecurity Companies - Berenberg initiated coverage of Okta (OKTA) with a Buy rating and a price target of $145, considering both Okta and SentinelOne (S) as misunderstood stories with potential for re-rating [1] - CrowdStrike (CRWD) was initiated with a Hold rating and a price target of $600, with Berenberg noting that the market has already priced in its position at the top of the revenue duration curve [1] - Berenberg also started coverage of Rapid7 (RPD) and Qualys (QLYS) with Hold ratings [1] Group 4: Optical Communications - Mizuho initiated coverage of Lumentum (LITE) with an Outperform rating and a price target of $290, highlighting its role as a leading supplier in optical communications and lasers, benefiting from surging demand in artificial intelligence [1]

Core Insights - DraftKings Inc. is experiencing significant sportsbook volatility, with over $300 million in revenue impact linked to NFL games in September and October, affecting short-term performance while underlying operational strength remains intact [1][2][5] - In Q3 of fiscal 2025, DraftKings reported a 10% growth in Sportsbook handle, followed by a 17% increase in October, indicating resilient customer engagement despite volatility [2][8] - The company revised its fiscal 2025 revenue outlook to $5.9-$6.1 billion and adjusted EBITDA to $450-$550 million due to customer-friendly outcomes impacting revenue [2][8] Performance Metrics - DraftKings' shares have declined 34% over the past three months, contrasting with a 4.2% decline in the industry [6] - The stock is trading at a forward 12-month price-to-sales (P/S) multiple of 2.05, which is above the industry average of 2.75 [10] - The Zacks Consensus Estimate for DraftKings' 2025 earnings per share has decreased by 22.1% to $1.13 in the past 60 days [11] Operational Insights - Management highlighted that a rising parlay mix, while beneficial for long-term margins, can lead to increased volatility in results [3] - DraftKings is employing disciplined liability controls, selective hedging, and improved risk management tools to mitigate exposure while supporting growth [3][4] - Regulatory dynamics, including state-level tax changes and promotional limitations, add complexity, but the company believes its long-term model can withstand these challenges [4][5]