draftkings
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Key Points Digital sportsbook and iGaming platform Draft Kings beat Q2 2023 forecasts and raised estimates.Its Q2 2023 earnings went non-GAAP positive at 14 cents per share, beating consensus estimates for a loss by 35 cents. Revenues continued to spike nearly 88% as paying users rose 44% to 2.1 million average monthly unique payers (MUPs).The average revenue per monthly unique payer (ARMUP) grew 33% to $137 in Q2 2023.Shares fell on the announcement of rival Penn Entertainment partnering with ESPN in a 10-year deal rebranding Bar Stool sportsbook to ESPN Bet sportsbook.5 stocks we like better...
ValueWalk
Key Points DraftKings Q1 report led to a trend of analysts’ price target increases supporting the market.The stock has a 20% to 40% upside potential, but gains may be capped at that point.Competition and slowing growth are a concern for investors.5 stocks we like better than DraftKingsDraftKings’ (NASDAQ:DKNG) upswing is gaining momentum and offers a royally good upside for investors. The Q1 results were strong and came with robust guidance that sparked a wave of commentary from the analysts. The analysts are not uniform in their praise, but even the sole downgrade with the chatter had good th...
ValueWalk
DraftKings is benefiting from a growing legal market and is fresh off a year in which revenue soared 73%.DraftKings Sportsbook is now live in 22 U.S. states and in Ontario, Canada.Its popular daily fantasy sports platform is accessible in 44 states.DraftKings is also in control of around 20% of the U.S. iGaming market.In the past 30 days, more than 10 firms have raised their DraftKings targets.5 stocks we like better than DraftKingsWhile many have Duke, Gonzaga or Kansas winning the 2023 men’s college basketball championship, the event’s biggest winner might be DraftKings Inc. (NASDAQ:DKNG). Q...
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In 2023, the new year has ushered in a new mindset reminiscent of 2020.DraftKings is already up 50% year-to-date.Until there are signs that the heavy institutional hitters are back in the DraftKings game, it’s probably best to sit on the sidelines.Since Plug Power provided its annual business update on January 25th, five analysts have reiterated their buy ratings on the stock.Investors willing to wait out Farfetch stock could be in for some stylish gains.5 stocks we like better than DraftKingsIt’s never too late for a curtain call. Q4 2022 hedge fund letters, conferences and more Find A Qualif...
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Esports organisation FaZe Clan has today agreed a partnership with fantasy sports company DraftKings Inc., the two parties announced in a release. The deal will see DraftKings become the ‘Official Sports Betting, iGaming, Daily Fantasy and Free-to-Play Partner’ of FaZe Clan. The two brands will cooperate on a series of content activations featuring FaZe’s content creators, and more. Additionally, a new podcast and an original series are planned that will carry DraftKings and FaZe branding. RELATED: FaZe Clan goes public, to be listed on NASDAQ In addition to the content activations, DraftKings...
Esports Insider
US-based betting firm Draftkings Inc (NASDAQ:DKNG) has announced it will not be making an offer to acquire Entain PLC (LON:ENT). Q3 2021 hedge fund letters, conferences and more Entain management confirmed the two were ending discussions and said it would remain committed to the growth and sustainability strategy as laid out this summer. The shares fell 6.7% following the announcement DraftKings Will Not Be Acquiring EntainLaura Hoy, Equity Analyst at Hargreaves Lansdown: “DraftKings closed the door on a possible Entain acquisition, which disappointed the market. Shares fell as investors diges...
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Entain PLC (LON:ENT) has confirmed that it’s received two approaches to buy the company from Draftkings Inc (NASDAQ:DKNG). The first at £25.00 a share was rejected. The second mixed cash and shares deal offer values Entain at £28.00 per share, reflecting a 46.2% premium from the group’s closing share price on 20 September. Q2 2021 hedge fund letters, conferences and more Entain management confirmed they are considering the offer. The shares rose 8.7% following the announcement. DraftKings Offers To Acquire EntainLaura Hoy, Equity Analyst at Hargreaves Lansdown: “US sports betting company Draft...
ValueWalk
DraftKings’ Q3 earnings results were strong, as was its guidance. Canaccord Genuity analyst Michael Graham said the company also guided for 2021 revenue that was significantly higher than expected. That higher-than-expected guidance was despite the lack of any new states.Q3 2020 hedge fund letters, conferences and morePositive setup for DraftKings after Q3 earningsGraham believes the DraftKings' marketing spend is working well as it attracted 726,000 monthly unique payers to the platform during the third quarter. He also believes the company's stock is well-positioned for the fourth quarter an...
ValueWalk
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