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DraftKings Inc

Consumer Cyclical US DKNG

36.54USD
0.68(1.90%)

Last update at 2024-07-25T16:49:00Z

Day Range

35.3036.67
LowHigh

52 Week Range

23.1949.57
LowHigh

Fundamentals

  • Previous Close 35.86
  • Market Cap17709.43M
  • Volume3174718
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-316.38099M
  • Revenue TTM4070.74M
  • Revenue Per Share TTM8.71
  • Gross Profit TTM 756.19M
  • Diluted EPS TTM-1.04

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -1442.95800M -1517.64400M -844.32600M -142.19700M -76.11500M
Minority interest - - - - -
Net income -1375.09200M -1525.91300M -843.70400M -142.25500M -76.22000M
Selling general administrative 763.72M 828.33M 447.37M 124.87M 75.90M
Selling and marketing expenses 1185.98M 981.50M 495.19M 185.27M 145.58M
Gross profit 756.19M 501.86M 267.94M 219.52M 177.59M
Reconciled depreciation 169.25M 121.14M 77.41M 13.64M 7.50M
Ebit -1511.75600M -1561.61700M -843.25600M -146.54500M -76.78100M
Ebitda -1371.90000M -1470.54400M -765.84600M -132.90900M -69.28200M
Depreciation and amortization 139.86M 91.07M 77.41M 13.64M 7.50M
Non operating income net other - 44.73M -0.56600M - -
Operating income -1511.75600M -1561.61700M -843.25600M -146.54500M -76.78100M
Other operating expenses 3752.22M 2857.64M 1457.79M 469.95M 303.06M
Interest expense 18.70M 1.96M 1.07M 3.87M 0.00000M
Tax provision -67.86600M 8.27M -0.62200M 0.94M 0.10M
Interest income - - - - -
Net interest income 18.70M 1.96M -1.07000M 1.35M 0.67M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -67.86600M 8.27M -0.62200M 0.06M 0.10M
Total revenue 2240.46M 1296.03M 614.53M 323.41M 226.28M
Total operating expenses 2267.94M 2063.48M 1111.20M 366.07M 254.37M
Cost of revenue 1484.27M 794.16M 346.59M 103.89M 48.69M
Total other income expense net 68.80M 43.97M -1.07000M 4.35M 0.67M
Discontinued operations - - - - -
Net income from continuing ops -1377.98700M -1525.91300M -843.70400M -142.73400M -76.22000M
Net income applicable to common shares -1377.98700M -1523.19500M -844.27000M -142.73400M -76.22000M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 3944.87M 4040.15M 4069.05M 3439.33M 330.73M
Intangible assets 690.62M 776.93M 535.02M 555.93M 33.94M
Earning assets - - - - -
Other current assets 439.86M 94.84M 25.68M 14.56M 20.79M
Total liab 3104.56M 2717.46M 2390.53M 742.54M 638.68M
Total stockholder equity 840.31M 1322.69M 1678.53M 2696.79M -307.95100M
Deferred long term liab - - 79.12M 72.07M -
Other current liab 1460.36M 1214.68M 528.87M 317.94M 163.03M
Common stock 0.09M 0.08M 0.08M 0.08M 0.39M
Capital stock 0.09M 0.08M 0.08M 0.08M 0.39M
Retained earnings -5933.94300M -5131.80100M -3753.81400M -1843.05400M -998.78400M
Other liab - 150.57M 155.31M 119.35M 56.86M
Good will 886.37M 886.37M 615.65M 569.60M 4.74M
Other assets 0.00000M 124.08M 45.38M 78.66M 2.43M
Cash 1282.20M 1309.17M 2152.89M 1817.26M 76.53M
Cash and equivalents - - - - -
Total current liabilities 1549.62M 1246.46M 929.42M 554.41M 255.08M
Current deferred revenue 43.63M 17.37M 335.20M 195.56M 68.68M
Net debt 63.88M 15.52M -834.28500M -1735.64600M -1.42000M
Short term debt 11.50M 4.25M 12.81M 12.84M 6.75M
Short long term debt - - - - 6.75M
Short long term debt total 1346.09M 1324.69M 1318.61M 81.61M 75.11M
Other stockholder equity 6737.68M 6417.92M 5395.77M 4456.23M 690.44M
Property plant equipment - 126.06M 109.85M 40.83M 25.95M
Total current assets 2071.37M 2084.84M 2753.33M 2194.30M 261.15M
Long term investments 10.28M 10.08M 9.82M 2.96M 2.52M
Net tangible assets - -340.61400M 527.86M 1571.26M -88.25700M
Short term investments - - - 2.96M 403.96M
Net receivables 349.31M 211.18M 97.81M 74.77M 19.83M
Long term debt 1253.76M 1251.10M 1248.45M - 68.36M
Inventory - 469.65M 476.95M 287.72M 144.00M
Accounts payable 34.13M 10.15M 52.54M 28.08M 16.62M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 36.49M 36.49M 36.49M 83.53M -7.00400M
Additional paid in capital - - - - -
Common stock total equity - - 0.08M 0.08M 0.39M
Preferred stock total equity - - - - -
Retained earnings total equity - - -3753.81400M -1843.05400M -
Treasury stock - - -306.61400M -288.78400M -
Accumulated amortization - - - - -
Non currrent assets other 123.75M 155.87M 45.38M 7.63M 2.43M
Deferred long term asset charges - - - - -
Non current assets total 1873.50M 1955.31M 1315.72M 1245.02M 69.58M
Capital lease obligations 92.33M 73.58M 70.16M 81.61M -
Long term debt total - - 1248.45M - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -208.76600M -25.00000M -1.00000M -42.27100M -26.67200M
Change to liabilities 95.27M 167.93M 115.52M 27.95M 5.74M
Total cashflows from investing activities -208.76600M -195.02200M -227.34100M -42.27100M -26.67200M
Net borrowings - 1248.03M 34.33M 71.09M -1.25000M
Total cash from financing activities -16.73200M 1138.81M 2306.30M 79.78M 140.89M
Change to operating activities 138.53M 212.31M 23.61M 5.60M 16.50M
Net income -1377.98700M -1523.19500M -844.27000M -142.73400M -76.22000M
Change in cash -851.01700M 524.87M 1740.72M -41.37500M 68.64M
Begin period cash flow 2629.84M 2104.98M 76.53M 117.91M 49.27M
End period cash flow 1778.83M 2629.84M 1817.26M 76.53M 117.91M
Total cash from operating activities -625.51900M -419.50800M -337.87500M -78.88000M -45.57900M
Issuance of capital stock 0.00000M 0.00000M 2349.89M 8.26M 141.59M
Depreciation 169.25M 121.14M 77.41M 13.64M 7.50M
Other cashflows from investing activities -8.61400M -6.77600M -214.58900M -398.85000M -6.77600M
Dividends paid - - 308.45M - -
Change to inventory - -167.92700M -103.57400M - -
Change to account receivables 2.51M -1.78700M -13.80200M -1.61200M -4.20300M
Sale purchase of stock -25.51900M -17.83000M -288.78500M -0.72200M 0.00000M
Other cashflows from financing activities 8.79M 1156.64M 598.14M 80.06M 142.14M
Change to netincome 461.49M 625.80M 326.44M 18.28M 9.19M
Capital expenditures 103.64M 98.28M 47.70M 42.27M 26.67M
Change receivables - -1.78700M -13.80200M - -
Cash flows other operating - 281.46M 78.24M - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - 524.28M 1741.08M - -
Change in working capital 121.72M 356.75M 102.55M 31.56M 13.95M
Stock based compensation 578.80M 683.29M 325.04M 17.61M 7.21M
Other non cash items -43.89800M -41.98500M 3.68M 0.99M 1.97M
Free cash flow -729.16400M -517.78400M -385.57100M -121.15100M -72.25100M

Peer Comparison

Sector: Consumer Cyclical Industry: Gambling

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
DKNG
DraftKings Inc
0.68 1.90% 36.54 - - 5.74 25.03 5.76 -35.9838
EVVTY
Evolution Gaming Group AB ADR
0.30 0.32% 94.40 23.47 19.38 14.62 6.10 13.73 19.59
EVGGF
Evolution AB (publ)
-1.35 1.41% 94.15 22.62 19.01 14.29 5.99 13.73 19.73
ARLUF
Aristocrat Leisure Limited
-0.25 0.71% 34.94 18.43 18.80 2.91 3.92 2.85 7.77
CHDN
Churchill Downs Incorporated
2.81 2.05% 140.06 29.42 - 3.61 9.96 5.52 13.52

Reports Covered

Stock Research & News

Profile

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. In addition, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions. The company is headquartered in Boston, Massachusetts.

DraftKings Inc

222 Berkeley Street, Boston, MA, United States, 02116

Key Executives

Name Title Year Born
Mr. Jason D. Robins Co-Founder, Chairman & CEO 1981
Mr. Paul Liberman Co-Founder, Pres of Global Technology & Product and Director 1983
Mr. Matthew Kalish Co-Founder, Pres of DraftKings North America & Director 1982
Mr. Jason K. Park Chief Financial Officer 1977
Mr. R. Stanton Dodge Esq. Chief Legal Officer & Sec. 1968
Mr. Erik Bradbury Chief Accounting Officer 1979
Mr. Joseph DeCristofaro VP of Investor Relations NA
Ms. Jennifer Aguiar Chief Compliance Officer NA
Mr. Timothy Dent Sr. VP of Regulatory Operations NA
Mr. Brian Angiolet Chief Media Officer NA

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