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 also 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.
Revenue Surge | DraftKings achieves impressive 30% year-over-year revenue growth, reaching $4.77 billion, with a transition to positive adjusted EBITDA in 2024 |
Market Dynamics | Explore DraftKings' resilient market position amidst fluctuating share, maintaining leadership in iGaming with a 27% market share as of September 2024 |
Strategic Expansion | Delve into DraftKings' product innovations and strategic acquisitions, including Jackpocket, to diversify offerings and tap into new revenue streams |
Future Projections | Analyst price targets range from $50 to $60, with projections of significant improvements in key financial metrics and free cash flow over the coming years |
Metrics to compare | DKNG | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipDKNGPeersSector | |
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P/E Ratio | −47.6x | −7.5x | 10.6x | |
PEG Ratio | −1.58 | 0.05 | 0.02 | |
Price/Book | 21.7x | 4.0x | 1.4x | |
Price / LTM Sales | 3.8x | 1.3x | 0.9x | |
Upside (Analyst Target) | 38.6% | 26.9% | 20.6% | |
Fair Value Upside | Unlock | −6.8% | 8.8% | Unlock |