Reading the tape
NASDAQ: DKNG
DraftKings Inc.
Consumer Cyclical · Gambling, Resorts & Casinos
Market Cap
$11.68B
52w High
$48.78
52w Low
$20.46
P/E
3,095.46
Volume
8.94M
Outstanding Shares
495.74M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -30.94%Revenue (TTM): 26.99%FCF (TTM): 77.9%P/S: 0th pct
What changed
The stock fell 30.94% over the last year. Revenue grew 26.99% over the trailing twelve months. Operating margin moved from -12.77% to -0.16%. Free cash flow grew 77.9% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently -0.16%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
DraftKings Inc. operates a digital sports entertainment and gaming company.
CEOJason D. Robins
SectorConsumer Cyclical
IndustryGambling, Resorts & Casinos
Employees5,100
IPO dateJul 25, 2019
Valuation
Forward P/E—
EV/EBITDA50.50
Enterprise value$13.11B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth42.82%
Gross margin41.25%▲8.23%vs FY2024
Operating margin-0.16%▲97.95%vs FY2024
ROE0.59%▲101.17%vs FY2024
Analyst consensus
RatingBuy
Target price$36.88▲56.47%
35
Buy
9
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.22 · Revenue est $1.64B
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