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DraftKings (DraftKings) Revenue : $3,665 Mil (TTM As of Dec. 2023)


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What is DraftKings Revenue?

DraftKings's revenue for the three months ended in Dec. 2023 was $1,231 Mil. Its revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $3,665 Mil. DraftKings's Revenue per Share for the three months ended in Dec. 2023 was $2.63. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $7.91.

During the past 12 months, the average Revenue per Share Growth Rate of DraftKings was 54.40% per year. During the past 3 years, the average Revenue per Share Growth Rate was 57.90% per year. During the past 5 years, the average Revenue per Share Growth Rate was 45.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 7 years, DraftKings's highest 3-Year average Revenue per Share Growth Rate was 57.90% per year. The lowest was 24.60% per year. And the median was 40.55% per year.


DraftKings Revenue Historical Data

The historical data trend for DraftKings's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DraftKings Revenue Chart

DraftKings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Revenue
Get a 7-Day Free Trial 323.41 614.53 1,296.03 2,240.46 3,665.39

DraftKings Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 855.13 769.65 874.93 789.96 1,230.86

Competitive Comparison of DraftKings's Revenue

For the Gambling subindustry, DraftKings's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DraftKings's Revenue Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's Revenue distribution charts can be found below:

* The bar in red indicates where DraftKings's Revenue falls into.



DraftKings Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,665 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


DraftKings  (NAS:DKNG) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


DraftKings Revenue Related Terms

Thank you for viewing the detailed overview of DraftKings's Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


DraftKings (DraftKings) Business Description

Traded in Other Exchanges
Address
222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116
DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
Executives
Jason Robins director, officer: See Remarks 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Matthew Kalish director, officer: See Remarks 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Paul Liberman director, officer: See Remarks 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
R Stanton Dodge officer: Chief Legal Officer ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Jason Park officer: Chief Financial Officer 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Erik Bradbury officer: Chief Accounting Officer 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marni M Walden director 1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Shalom Meckenzie director 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Ryan R Moore director 56 WAREHAM STREET, 3RD FLOOR, BOSTON MA 02118
Jocelyn Moore director 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Steven Joseph Murray director C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459
Woodrow Levin director 535 MISSION STREET, 11TH FLOOR, SAN FRANSISCO CA 941105
Harry Sloan director 1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Valerie Mosley director TWO INTERNATIONAL PLACE, BOSTON MA 02110
Hany M Nada director 800 MARKET STREET #800 SAN FRANCISCO CA 94102