DraftKings Inc. - Ordinary Shares - Class A
DKNG
Market Cap$16.8B
Close$
Earnings Call Q4 2024
February 14, 2025 - AI Summary
Strong Financial Performance in 2024: DraftKings reported a 30% year-over-year increase in revenue, reaching $4.8 billion, with adjusted EBITDA rising to $181 million and positive free cash flow for the first time in the company's history. The fourth quarter generated $1.393 billion in revenue, a 13% increase year-over-year.
Customer Growth and Acquisition Efficiency: The company acquired 3.5 million new customers in 2024 at record low acquisition costs, increasing its total customer base by 42% to 10.1 million. This trend of efficient customer acquisition is expected to continue into 2025.
2025 Guidance and Growth Expectations: DraftKings raised revenue guidance for FY 2025 to $6.3 billion to $6.6 billion (32%-38% growth) while maintaining adjusted EBITDA guidance of $900 million to $1 billion. The optimistic outlook stems from investments in live betting technology and anticipated improvements in operating margins.
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Share Statistics
| Market cap | $16.80 Billion |
|---|---|
| Enterprise Value | $17.43 Billion |
| Dividend Yield | $0 (0%) |
| Earnings per Share | $-1.05 |
| Beta | 2.15 |
| Outstanding Shares | 488,000,028 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | -32.33 |
|---|---|
| PEG | -864.75 |
| Price to Sales | 3.72 |
| Price to Book Ratio | 16.74 |
| Enterprise Value to Revenue | 3.78 |
| Enterprise Value to EBIT | -35.73 |
| Enterprise Value to Net Income | -42 |
| Total Debt to Enterprise | 0.08 |
| Debt to Equity | 1.4 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About DraftKings Inc
869 employeesDraftKings is an American daily fantasy sports contest and sports betting operator. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major Am...