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Added to YB: 2025-08-21

Pitch date: 2025-06-30

DKNG [bullish]

DraftKings Inc.

-16.81%

current return

Author Info

No bio for this author

Company Info

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally.

Market Cap

$14.7B

Pitch Price

$42.70

Price Target

N/A

Dividend

N/A

EV/EBITDA

-759.45

P/E

-54.57

EV/Sales

2.82

Sector

Hotels, Restaurants and Leisure

Category

growth

Show full summary:
Meridian Growth Fund Portfolio new position: DraftKings Inc.

DKNG (new position): Top-2 OSB player transitioning from high-cost acquisition to FCF generation. Q1 showed 20% rev growth, 350%+ EBITDA jump. Growth from existing 30 states + potential new state legalizations (OSB in 30 states, iGaming in 7) + possible regulated prediction markets entry. New position.

Read full article (1 min)