DraftKings Stock News

Draftkings Inc (NASDAQ:DKNG) is set to report its first quarter earnings on May 8, with investor focus expected to shift beyond the known March Madness headwinds toward the company's 2025 outlook and its ability to reaccelerate handle growth to reach its revenue guidance. Bank of America analysts have adjusted their expectations downward for the quarter, with EBITDA estimates now at $120 millio...

BOSTON, April 21, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its first quarter 2025 results after the close of market trading on Thursday, May 8, 2025.

DraftKings generates $4.3B in annual revenue, set to grow alongside the expanding industry. Maintaining the 38% market share over the next five years is key in positioning DKNG for substantial business growth. Robust sales growth, a strong industry outlook, and no foreseeable obstacles to forward earnings gains justify a positive rating for DKNG.

The stock market has been on a wild ride in April. Following President Donald Trump's tariff announcement on April 2, the S&P 500 had one of its worst two-day performances in 80 years.

Achieving fast revenue growth is impressive, but doing so while generating positive cash flow is the ultimate goal for many companies. These two objectives often work against each other, making it no small feat.

DraftKings (DKNG -4.64%) is growing its active user base as it expands to new markets.

The first few months of 2025 have been a rocky ride for investors. Stock prices have become increasingly volatile in recent months amid growing economic uncertainty.

DraftKings is seeing excellent and accelerating growth momentum. The momentum will likely continue in 2025 as the company's customer base swells. DraftKings bottom-line is also seeing a significant rise as the growth comes while the costs are controlled.