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DraftKings Inc. - DKNG STOCK NEWS

Welcome to our dedicated news page for DraftKings (Ticker: DKNG), a resource for investors and traders seeking the latest updates and insights on DraftKings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DraftKings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DraftKings's position in the market.

Rhea-AI Summary
DraftKings highlights commitment to responsible gaming education, recognized for Best Corporate Social Responsibility Program
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.03%
Tags
none
-
Rhea-AI Summary
DraftKings CFO to participate in Bank of America Gaming and Lodging Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.63%
Tags
none
-
Rhea-AI Summary
Golden Nugget Online Gaming launches online and mobile casino in Pennsylvania
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.71%
Tags
none
Rhea-AI Summary
DraftKings CFO to participate in Canaccord Genuity 43rd Annual Growth Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.88%
Tags
none
-
Rhea-AI Summary
DraftKings expects to generate $150 million to $175 million of Adjusted EBITDA in Q4 2023, exceeding guidance. Revenue for Q2 2023 was $875 million, up 88% YoY. The company is raising its 2023 revenue guidance to $3.46 billion to $3.54 billion, representing 54% to 58% YoY growth. The midpoint of its Adjusted EBITDA guidance for 2023 has improved to ($190) million to ($220) million. Monthly Unique Payers increased by 44% YoY to 2.1 million, with Average Revenue per MUP at $137, a 33% increase YoY. DraftKings is live with mobile sports betting in 21 states and iGaming in 5 states. It expects to launch in Kentucky, North Carolina, Vermont, and Puerto Rico in 2023. 12 states have introduced legislation to legalize mobile sports betting, and 5 states have introduced legislation to legalize iGaming.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.84%
Tags
earnings
-
Rhea-AI Summary
DraftKings Inc. will release its second quarter 2023 results on August 3, 2023. A conference call and audio webcast will be held on August 4, 2023, to discuss the results and business performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
acquisition
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
acquisition
Rhea-AI Summary
DraftKings has been certified as a Great Place to Work in 2023, with 87% of employees saying it is a great place to work, 30% higher than the average U.S. company. The company aims to continue building an inclusive workplace culture with benefits like 14-week paid parental leave and comprehensive career development plans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
none
DraftKings Inc.

Nasdaq:DKNG

DKNG Rankings

DKNG Stock Data

21.57B
460.91M
2.89%
69.52%
3.62%
Gambling
Consumer Cyclical
Link
US
Boston

About DKNG

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.