DraftKings Inc. is a digital sports entertainment and games company in the United States. The company is headquartered in Boston, Massachusetts.
| Revenue (TTM) | $6.22B |
| Gross Profit (TTM) | $4.74B |
| EBITDA | $122.83M |
| Operating Margin | -4.72% |
| Return on Equity | -21.10% |
| Return on Assets | -2.42% |
| Revenue/Share (TTM) | $12.55 |
| Book Value | $1.15 |
| Price-to-Book | 22.79 |
| Price-to-Sales (TTM) | 2.02 |
| EV/Revenue | 2.235 |
| EV/EBITDA | 126.89 |
| Quarterly Earnings Growth (YoY) | 184.60% |
| Quarterly Revenue Growth (YoY) | -4.60% |
| Shares Outstanding | $496.45M |
| Float | $452.41M |
| % Insiders | 2.93% |
| % Institutions | 83.08% |
Volatility is currently expanding
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced the launch of syndication for a proposed senior secured term loan B credit facility (the “Term Loan B”) in an aggregate principal amount of $600 million. DraftKings intends to utilize the net proceeds of the Term Loan B for repurchases of a portion of its existing Convertible Notes due 2028 (subject to availability and market conditions) and other general corporate purposes. In connection wit.
The proliferation of prediction markets is increasing competition.
DraftKings faces existential pressure as prediction markets outpace traditional sportsbook offerings. DKNG remains a "Sell" despite a brief Q2 rebound; shares are down ~30% YTD and trade at a premium. Revenue and EBITDA are declining, with 1H EBITDA at $282 million, well below the FY26 guidance midpoint of $750 million.
At $24.03, DraftKings (NASDAQ:DKNG | DKNG Price Prediction) is a hold.
Annualized total volume for DraftKings' predictions platform grew to $11 billion from $2.3 billion between April and July, CEO Jason Robins said. Coinbase said that its prediction markets revenue grew 106% on a quarter over quarter basis.
DraftKings shares rallied as investors looked beyond a disappointing quarter to stronger momentum heading into the second half of the year. CEO Jason Robins joins Bloomberg to discuss how the World Cup brought in new and returning customers, why engagement remained strong after the tournament ended, and how DraftKings is approaching the increasingly competitive prediction-markets business.
DraftKings Inc. (DKNG) Q2 2026 Earnings Call Transcript
DraftKings is positioning itself not simply as a sportsbook operator, but as a nationwide sports commerce platform capable of acquiring, engaging and monetizing customers across multiple products. As company executives stressed to investors during a second-quarter 2026 earnings call Friday (Aug. 7), prediction markets are becoming central to that ambition.
DraftKings Inc. (NASDAQ:DKNG) shares are edging higher Friday morning as traders digest mixed Q2 results and upbeat commentary around its Predictions product.
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