Welcome to our dedicated page for Draftkings news (Ticker: DKNG), a resource for investors and traders seeking the latest updates and insights on Draftkings stock.
DraftKings Inc. (DKNG) is a leading digital sports entertainment platform offering daily fantasy sports, regulated online betting, and iGaming solutions. This page serves as your centralized source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find timely updates on earnings reports, regulatory milestones, product launches, and partnership agreements. Our curated collection ensures access to verified press releases and market-moving news without promotional bias.
Key coverage areas include sportsbook expansions, technology innovations, responsible gaming initiatives, and market penetration strategies. Bookmark this page to track DKNG's evolving position in competitive gaming markets and regulatory landscapes.
DraftKings Inc. (Nasdaq: DKNG) has announced the release date for its third quarter 2024 financial results. The company will publish its results after market close on Thursday, November 7, 2024. Following the release, DraftKings will host a conference call and audio webcast on Friday, November 8, 2024, at 8:30 a.m. ET.
During the call, management will discuss the company's results and provide commentary on business performance. Interested parties can access the audio webcast and live Q&A session through DraftKings' investor relations website at investors.draftkings.com. The audio webcast will remain available on the website until 11:59 p.m. ET on December 31, 2024.
DraftKings (Nasdaq: DKNG) has announced that CEO and Co-founder Jason Robins will participate in the Bank of America Gaming and Lodging Conference on September 5, 2024. The event will feature a fireside chat scheduled for 12:20PM ET. Interested parties can access the live audio of the conference through the official conference website or DraftKings' Investor Relations website. This participation provides an opportunity for investors and analysts to gain insights into DraftKings' strategies and market position directly from the company's leadership.
DraftKings reported a 26% increase in Q2 2024 revenue, reaching $1,104 million, mainly due to customer engagement and the acquisition of Jackpocket. The company announced a $1.0 billion share repurchase authorization, reflecting confidence in its long-term outlook. For 2024, revenue guidance was raised to $5.15 billion, while adjusted EBITDA guidance was revised down to $380 million. Monthly Unique Payers (MUPs) rose by 50% to 3.1 million, though Average Revenue per MUP (ARPMUP) declined by 15% to $117 due to new customer promotions. DraftKings expects 2025 adjusted EBITDA to be between $900 million and $1.0 billion. CEO Jason Robins emphasized strong customer acquisition and retention, while CFO Alan Ellingson highlighted the company's healthy balance sheet.
DraftKings Inc. (Nasdaq: DKNG) has announced plans to launch its online sportsbook in Washington D.C., pending regulatory approvals. This expansion follows a market access agreement with D.C. United, potentially making Washington D.C. the 29th jurisdiction in North America for DraftKings Sportsbook. The launch will offer D.C. sports fans access to various betting markets, including same-game parlays and in-game betting.
DraftKings emphasizes its commitment to responsible gaming, offering tools like deposit limits, cool-off features, and the 'My Stat Sheet' for personalized gaming insights. The company is also an active member of the American Gaming Association, promoting responsible betting practices.
DraftKings Inc. (Nasdaq: DKNG) has announced the release date for its second quarter 2024 financial results. The company will publish its Q2 2024 results after market close on Thursday, August 1, 2024. Following this, DraftKings will host a conference call and audio webcast on Friday, August 2, 2024, at 8:30 a.m. ET.
During the call, management will discuss the company's results and provide commentary on business performance. Investors and interested parties can access the audio webcast and live Q&A session through DraftKings' investor relations website. The audio webcast will remain available on the website until 11:59 p.m. ET on September 30, 2024.
DraftKings (Nasdaq: DKNG) has finalized its acquisition of Jackpocket, a leading digital lottery app in the U.S., on May 23, 2024.
CEO Jason Robins highlighted the plan to leverage Jackpocket's technology to enhance customer acquisition and expand DraftKings' digital lottery offerings.
Jackpocket CEO Peter Sullivan emphasized the synergy in driving growth and innovation in the digital lottery sector. This acquisition allows DraftKings to diversify its product portfolio and improve customer lifetime value while maintaining a focus on responsible gaming.
DraftKings Inc. (Nasdaq: DKNG) reported a remarkable 53% revenue growth to $1,175 million in the first quarter of 2024. The company's strong performance was fueled by efficient customer engagement, new customer acquisition, and product expansion. DraftKings raised its 2024 revenue guidance midpoint to $4.9 billion and Adjusted EBITDA guidance to $500 million, showing optimistic growth prospects.
