DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting, daily fantasy sports, media, digital lottery courier, media, and other products, as well as retails sportsbooks. The company also offers iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. Further, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT on marketplace. The company is headquartered in Boston, Massachusetts.
Market Dynamics | Explore DraftKings' resilience in the competitive online sports betting landscape, maintaining its position despite regulatory challenges and fierce rivalry |
Financial Crossroads | Delve into DraftKings' mixed financial performance, balancing strong revenue growth with profitability challenges and revised guidance for fiscal year 2025 |
Regulatory Hurdles | Uncover the impact of evolving tax structures on DraftKings' operations, with potential EBITDA hits of $70-80 million in coming years before mitigation |
Future Prospects | Learn about DraftKings' strategies for growth, including prediction markets and enhanced live betting, with analyst price targets ranging from $46 to $65 |
Metrics to compare | DKNG | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipDKNGPeersSector | |
|---|---|---|---|---|
P/E Ratio | −64.3x | 11.1x | 10.9x | |
PEG Ratio | −1.71 | 0.23 | 0.02 | |
Price/Book | 23.5x | 3.3x | 1.4x | |
Price / LTM Sales | 3.2x | 1.2x | 1.0x | |
Upside (Analyst Target) | 28.9% | 24.4% | 23.4% | |
Fair Value Upside | Unlock | 37.5% | 10.2% | Unlock |