DraftKings Inc (OQ:DKNG)
Business Focus: Casinos & Gaming
| 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 | Jason K. Park Chief Financial Officer, Principal Accounting Officer |
| Matthew Kalish Director, President, North America | Paul Liberman Director, President - Global Technology and Product | 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 fiscal year ended 31 December 2023, DraftKings Inc revenues increased 64% to $3.67B. Net loss decreased 42% to $802.1M. Revenues reflect Online gaming segment increase of 69% to $3.56B, International segment increase of 60% to $69.8M. Lower net loss reflects Sales and marketing - Balancing value decrease of 2% to $216.3M (expense), Loss (income) from equity method investm decrease of 75% to $719K (losses). |
| Employees: | 4,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $19,449M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,665M as of Dec 31, 2023 |
| EBITDA (TTM): | -$548.56M as of Dec 31, 2023 |
| Net annual income (TTM): | -$802.14M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$103.03M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 866,633,479 as of Feb 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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