From Financial Modeling Prep: 2025-05-12 16:05:00

DraftKings Inc. (NASDAQ:DKNG) receives a “Buy” rating from Needham, showing resilience in trading. The company reports a 20% revenue increase year-over-year but misses Street consensus estimate and EPS expectations. Despite downward adjustments in full-year revenue and adjusted EBITDA guidance, DraftKings shares experience a 4.4% increase.

DraftKings Inc. (NASDAQ:DKNG) is a key player in digital sports entertainment and gaming, offering daily fantasy sports, sports betting, and online casino games. Competing with major companies like FanDuel and BetMGM, DraftKings operates in the growing online sports betting market.

Needham upgrades DraftKings to a “Buy” rating, maintaining its previous grade. Stock price at $37.93, showing resilience trading between $37.40 and $38.85 with a 4.69% increase. DraftKings reports Q1 revenue of $1.41 billion, a 20% YoY increase but misses Street consensus estimate and EPS expectations.

DraftKings revises full-year revenue guidance to $6.2 billion to $6.4 billion and adjusted EBITDA guidance to $800 million to $900 million. Despite adjustments, shares rise by 4.4% to $37.83. Market cap around $18.96 billion, trading volume of 14,614,653 shares on NASDAQ. Stock high at $53.61, low at $28.69 in the past year.



Read more at Financial Modeling Prep:: DraftKings Inc. (NASDAQ:DKNG) Stock Update and Fin…