DraftKings is an American daily fantasy sports contest and sports betting company. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports (MLB, the NHL, the NFL, the NBA and the PGA), Premier League and UEFA Champions League football, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts (MMA), Tennis, All Elite Wrestling (AEW), and WWE.
Company profile
Ticker
DKNG
Exchange
Website
CEO
Jason D. Robins
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
New Duke Holdco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Crown FL Gaming LLC ...
DKNG stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
17 May 24
10-Q
2024 Q1
Quarterly report
3 May 24
8-K
Results of Operations and Financial Condition
2 May 24
PX14A6G
Letter to shareholders
16 Apr 24
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
8-K
DraftKings Announces Leadership Changes to Increase Focus on Operational Efficiencies
18 Mar 24
UPLOAD
Letter from SEC
29 Feb 24
10-K
2023 FY
Annual report
16 Feb 24
Transcripts
DKNG
Earnings call transcript
2024 Q1
3 May 24
DKNG
Earnings call transcript
2023 Q4
16 Feb 24
DKNG
Earnings call transcript
2023 Q3
3 Nov 23
DKNG
Earnings call transcript
2023 Q2
4 Aug 23
DKNG
Earnings call transcript
2023 Q2
4 Aug 23
DKNG
Earnings call transcript
2023 Q1
5 May 23
DKNG
Earnings call transcript
2022 Q4
17 Feb 23
DKNG
Earnings call transcript
2022 Q3
4 Nov 22
DKNG
Earnings call transcript
2022 Q2
5 Aug 22
DKNG
Earnings call transcript
2022 Q1
6 May 22
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Operating income | |||||
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
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Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.48 bn | 1.48 bn | 1.48 bn | 1.48 bn | 1.48 bn | 1.48 bn |
Cash burn (monthly) | 46.75 mm | 3.45 mm | 46.28 mm | 44.86 mm | 23.47 mm | (no burn) |
Cash used (since last report) | 74.40 mm | 5.48 mm | 73.65 mm | 71.39 mm | 37.34 mm | n/a |
Cash remaining | 1.41 bn | 1.48 bn | 1.41 bn | 1.41 bn | 1.45 bn | n/a |
Runway (months of cash) | 30.1 | 428.9 | 30.5 | 31.5 | 61.6 | n/a |
Institutional ownership, Q4 2023
46.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 597 |
Opened positions | 126 |
Closed positions | 167 |
Increased positions | 173 |
Reduced positions | 195 |
13F shares | Current |
---|---|
Total value | 7.15 tn |
Total shares | 219.01 mm |
Total puts | 7.15 mm |
Total calls | 7.06 mm |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 39.26 mm | $1.38 tn |
ARK Investment Management | 12.32 mm | $434.18 bn |
Wellington Management | 10.74 mm | $378.46 bn |
STT State Street | 8.79 mm | $309.71 bn |
CMTDF Sumitomo Mitsui Trust | 8.39 mm | $295.78 bn |
Nikko Asset Management Americas | 7.47 mm | $263.31 bn |
MS Morgan Stanley | 7.35 mm | $259.01 bn |
Capital Research Global Investors | 7.16 mm | $252.44 bn |
IVZ Invesco | 7.13 mm | $251.41 bn |
Atlas Venture Advisors | 6.56 mm | $231.09 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
13 May 24 | Woodrow Levin | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 6,339 | 0.00 | 49,012 |
13 May 24 | Woodrow Levin | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 6,339 | 0.00 | 0 |
13 May 24 | Jocelyn Moore | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 6,339 | 0.00 | 8,264 |
13 May 24 | Jocelyn Moore | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 6,339 | 0.00 | 0 |
13 May 24 | Valerie Mosley | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 6,339 | 0.00 | 35,271 |
13 May 24 | Valerie Mosley | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 6,339 | 0.00 | 0 |
13 May 24 | Walden Marni M | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 6,339 | 0.00 | 181,756 |
13 May 24 | Walden Marni M | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 6,339 | 0.00 | 0 |
13 May 24 | Sloan Harry | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 6,339 | 0.00 | 815,587 |
13 May 24 | Sloan Harry | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 6,339 | 0.00 | 0 |
News
Jailbird(ie): Scottie Scheffler Snags Dave Portnoy's Support Post-Arrest: 'Through The Bowels Of Hell' In PGA Tournament
17 May 24
Jim Cramer Recommends Buying This Sports Betting Company's Stock: 'I Think It's Terrific'
17 May 24
DraftKings's Options Frenzy: What You Need to Know
16 May 24
From Benzinga's Sports Betting & Gaming Conference: Citizens JMP Equity Analyst, Jordan Bender Says Player Prop Bets And Pricing Bets Will Help Draftkings And FanDuel To Grow In Revenues Tremendously In The Future
16 May 24
From Benzinga's Sports Betting & Gaming Conference: Macquarie's Head Of US Research, Chad Beynon Says DraftKings Set The Tone; Not Only Way To Engage In Sports Betting And iGaming; Lot Of Other Names In Space That Will Have Similar Growth
16 May 24
Press releases
DraftKings to Release First Quarter 2024 Results on May 2, 2024 and Host Conference Call on May 3, 2024
15 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
12 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
8 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
4 Apr 24
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DraftKings Inc. - DKNG
4 Apr 24