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DATA40 Terminal is a data platform designed for efficient data management and analysis in specific areas: GameDev, iGaming, Blockchain, Venture and related FinTech/AdTech.
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DraftKings Inc Q1FY24 Report Overview

 13 May 2024
DraftKings Inc Q1FY24 Report Overview
Free version:

Description

DraftKings Inc. - a company based in Boston and founded in 2011, offers products in the field of digital sports entertainment and gambling.

This dataset includes conference call information, highlights and metrics, business outlook, stock information and financial statements.  

Goals and Objectives of the Research

Research Objective: To perform a comparative analysis of the Q1FY24 quarterly report and those of previous periods.

Research Tasks:

  • Gather comprehensive financial and corporate information pertaining to the company for Q1FY24;
  • Analyze the collected information;
  • Conduct a comparative assessment of the Q1FY24 report with the reports from previous quarters of the current fiscal year and Q1FY23;
  • Formulate conclusions based on the analyzed data.

Disclaimers

The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.

If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.

The provided public company quarterly reports are unaudited.

Document Markup

  • FY - Financial Year;
  • Q - Quarter;
  • DK - DraftKings Inc;
  • QoQ - Quarter-over-Quarter;
  • This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
  • Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
  • DraftKids Inc Annual Report Period is from January 1 to Deсember 31, 2024;
  • The specified financial year coincides with the calendar year.

Short Insights

Key findings from the report:

  • DraftKings Inc., founded in 2011 and headquartered in Boston, specializes in digital sports entertainment and gambling products.
  • DraftKings launched an online sportsbook in Vermont and North Carolina in Q1FY24. 
  • On February 11, 2024, the company finalized an agreement to purchase Jackpocket for a total of 750 million USD.
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