DraftKings will announce Q4 and full year 2024 results on February 13, 2025, followed by a conference call.
Quiver AI Summary
DraftKings Inc. announced it will release its fourth quarter and full year 2024 financial results after market close on February 13, 2025, with a conference call and audio webcast scheduled for February 14, 2025, at 8:30 a.m. ET to discuss the results and business performance. Interested parties can access the webcast on DraftKings' investor relations website. Founded in 2012 and headquartered in Boston, DraftKings is a leading digital sports entertainment and gaming company, operating sports betting, iGaming, and daily fantasy sports across numerous U.S. states and Canada. The company aims to enhance the excitement of sports through responsible gaming experiences and partnerships with major sports leagues.
Potential Positives
- DraftKings will release its fourth quarter and full year 2024 results, indicating transparency and commitment to shareholder communication.
- The scheduled conference call and audio webcast for discussing results provides an opportunity for investors to engage directly with management.
- DraftKings continues to expand its market presence, operating in 28 states and in Canada, highlighting its significant market penetration in the sports betting industry.
- The company’s partnerships with major sports leagues (NFL, NHL, PGA TOUR, WNBA, UFC, NBA, and MLB) enhance its brand visibility and credibility in the sports entertainment sector.
Potential Negatives
- DraftKings has not disclosed any preliminary performance indicators in advance of its earnings release, which may raise concerns among investors about transparency and potential financial instability.
- The lack of a specific earnings forecast or guidance prior to the earnings announcement may lead to uncertainty and speculation, negatively impacting investor confidence.
FAQ
What date will DraftKings announce its Q4 2024 results?
DraftKings will announce its fourth quarter and full year 2024 results on February 13, 2025.
When is the DraftKings earnings conference call?
The DraftKings earnings conference call is scheduled for February 14, 2025, at 8:30 a.m. ET.
How can I access the DraftKings audio webcast?
You can listen to the audio webcast on DraftKings’ investor relations website at investors.draftkings.com.
What is DraftKings' mission as a gaming company?
DraftKings aims to make life more exciting by creating the world’s favorite real-money games and betting experiences.
In how many states is DraftKings Sportsbook operational?
DraftKings Sportsbook operates in 28 states, Washington, D.C., and Ontario, Canada.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DKNG Insider Trading Activity
$DKNG insiders have traded $DKNG stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.
Here’s a breakdown of recent trading of $DKNG stock by insiders over the last 6 months:
- PAUL LIBERMAN (See Remarks) has made 0 purchases and 11 sales selling 1,552,631 shares for an estimated $61,096,647.
- JASON ROBINS (See Remarks) has made 0 purchases and 4 sales selling 403,151 shares for an estimated $13,332,315.
- R STANTON DODGE (Chief Legal Officer) sold 228,496 shares for an estimated $9,765,919
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DKNG Hedge Fund Activity
We have seen 354 institutional investors add shares of $DKNG stock to their portfolio, and 378 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 8,040,958 shares (+81.9%) to their portfolio in Q3 2024, for an estimated $315,205,553
- CITADEL ADVISORS LLC added 5,868,470 shares (+633.0%) to their portfolio in Q3 2024, for an estimated $230,044,024
- CAPITAL WORLD INVESTORS added 4,821,858 shares (+inf%) to their portfolio in Q3 2024, for an estimated $189,016,833
- AQR CAPITAL MANAGEMENT LLC removed 3,617,938 shares (-93.3%) from their portfolio in Q3 2024, for an estimated $141,823,169
- INVESCO LTD. removed 3,453,440 shares (-52.6%) from their portfolio in Q3 2024, for an estimated $135,374,848
- MILLENNIUM MANAGEMENT LLC added 2,855,134 shares (+1593.2%) to their portfolio in Q3 2024, for an estimated $111,921,252
- KODAI CAPITAL MANAGEMENT LP added 2,227,588 shares (+inf%) to their portfolio in Q3 2024, for an estimated $87,321,449
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BOSTON, Jan. 23, 2025 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its fourth quarter and full year 2024 results after the close of market trading on Thursday, February 13, 2025.
DraftKings will host a conference call and audio webcast the following morning, Friday, February 14, 2025, at 8:30 a.m. ET, during which management will discuss the Company’s results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please visit DraftKings’ investor relations website at investors.draftkings.com . The audio webcast will be available on the Company’s investor relations website until 11:59 p.m. ET on March 31, 2025.
About DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company created to be the Ultimate Host and fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming, and digital media. Headquartered in Boston and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings’ mission is to make life more exciting by responsibly creating the world’s favorite real-money games and betting experiences. DraftKings Sportsbook is live with mobile and/or retail sports betting operations pursuant to regulations in 28 states, Washington, D.C., and in Ontario, Canada. The Company operates iGaming pursuant to regulations in five states and in Ontario, Canada under its DraftKings brand and pursuant to regulations in three states under its Golden Nugget Online Gaming brand. DraftKings owns Jackpocket, the leading digital lottery app in the United States. DraftKings’ daily fantasy sports product is available in 44 states and certain Canadian provinces. DraftKings is both an official daily fantasy and sports betting partner of the NFL, NHL, PGA TOUR, WNBA and UFC, as well as an official daily fantasy partner of NASCAR, an official sports betting partner of the NBA and an authorized gaming operator of MLB. In addition, DraftKings owns and operates DraftKings Network, a multi-platform content ecosystem. DraftKings is committed to being a responsible steward of this new era in real-money gaming by developing and promoting educational information and tools to help all players enjoy our games responsibly.
Contacts
Media:
[email protected]
@DraftKingsNews
Investors:
[email protected]
