Added to YB: 2024-05-06
Pitch date: 2024-05-04
DKNG [bullish]
DraftKings Inc.
-15.89%
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
$42.23
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
DraftKings Inc.: Revenue Surge and Future Outlook
DKNG: 20%+ topline growth for foreseeable future, approaching $1B FCF in 2025. Bull case ~$40B EV by 2026 (20x $2B EBITDA). Q1: +53% rev, raised FY guide, 40% growth in existing states. Excellent retention, structural hold improving. Sales & marketing -11% YoY. Exploring capital allocation with $1.6B cash. $400M FCF expected, likely conservative. iGaming & media partnerships are opportunities. New CFO focusing on payments, AI. Risks of high state taxes mitigated by competition with illicit market.
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