DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting, daily fantasy sports, media, digital lottery courier, media, and other products, as well as retails sportsbooks. The company also offers iGaming, or online casino products, which includes blackjack, roulette, baccarat and slot machines. In addition, the company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators. Further, it offers DraftKings marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT on marketplace. The company is headquartered in Boston, Massachusetts.
Analyst Perspectives | Discover varied analyst views on DraftKings, with price targets ranging from $54 to $60, reflecting the company's potential amid market uncertainties |
Strategic Initiatives | Uncover DraftKings' focus on efficient user acquisition, product innovation, and operational efficiency to drive growth and improve competitiveness |
Financial Milestones | Delve into DraftKings' journey to profitability, achieving positive EBITDA and projecting revenue growth to $6.3-$6.6 billion in 2025 |
Market Dynamics | Explore DraftKings' position in the evolving online gaming industry, facing market share challenges amid fierce competition and regulatory shifts |
Metrics to compare | DKNG | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipDKNGPeersSector | |
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P/E Ratio | −43.7x | −6.6x | 10.5x | |
PEG Ratio | −1.45 | 0.04 | 0.02 | |
Price / Book | 19.9x | 3.4x | 1.4x | |
Price / LTM Sales | 3.5x | 1.4x | 0.9x | |
Upside (Analyst Target) | 51.1% | 38.6% | 22.1% | |
Fair Value Upside | Unlock | 10.9% | 10.9% | Unlock |