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Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 222 Berkeley Street, 5th Floor BOSTON MA 02116 |
Tel: | N/A |
Website: | https://draftkings.gcs-web.com |
IR: | See website |
Key People | ||
Jason D. Robins Chairman of the Board, Chief Executive Officer | Alan Ellingson Chief Financial Officer, Principal Financial Officer, Chief Accounting Officer | Matthew Kalish Director, President, North America |
Paul Liberman Director, President - Global Technology and Product | Lori Kalani Chief Responsible Gaming Officer | Jason K. Park Chief Transformation Officer | Robert Stanton Dodge Chief Legal Officer, Secretary |
Business Overview |
DraftKings Inc. is a digital sports entertainment and gaming company. The Company provides users with online sports betting (Sportsbook), online casino (iGaming) and daily fantasy sports (DFS) product offerings, as well as retail sportsbook, media and other consumer product offerings. Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 24 states and in Ontario, Canada. Its iGaming product offerings typically include the full suite of games available in land-based casinos, such as blackjack, roulette, baccarat and slot machines. DFS product offering facilitates peer-to-peer play, whereby contestants compete against each other for prize money. The Company also offers non-fungible tokens (NFTs) on DraftKings Marketplace (Marketplace), NFT-based DFS-style contests, gaming software services, and advertising and sponsorship packages to targeted advertisers across its DFS product offering, free games, and media content. |
Financial Overview |
For the three months ended 31 March 2024, DraftKings Inc revenues increased 53% to $1.17B. Net loss decreased 64% to $142.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Sales and marketing decrease of 12% to $340.7M (expense), Interest income increase of 28% to $15.1M (income). |
Employees: | 4,400 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $19,676M as of Mar 31, 2024 |
Annual revenue (TTM): | $4,071M as of Mar 31, 2024 |
EBITDA (TTM): | -$280.38M as of Mar 31, 2024 |
Net annual income (TTM): | -$547.56M as of Mar 31, 2024 |
Free cash flow (TTM): | $28.89M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 869,081,000 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |