DraftKings Q1 Earnings Preview: Here's What You Need to Know

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DraftKings Q1 Earnings Preview: Here's What You Need to Know

Motley Fool2021-05-05

DraftKings (NASDAQ:DKNG) had a volatile 2020. When several major sports leagues canceled or postponed their seasons at the pandemic's onset, engagement on its platform sank heavily. Eventually, it ...

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Shin33
·2021-05-06
Not wise to hold DKNG through earning report
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Kanyon
·2021-05-06
Ok
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Ichua
·2021-05-06
Draftking the best spac
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TaiWoeiHaur
·2021-05-06
Will follow up.
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- Ichua:
  Yes plS
  2021-05-06
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Lionel_yp
·2021-05-06
Good
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- Lhokie:
  Good meh
  2021-05-06
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hello369
·2021-05-06
Please like and comment
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- Lhokie:
  Good meh
  2021-05-06
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Lanying
·2021-05-06
O
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2
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Lanying
·2021-05-06
O
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3
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Lanying
·2021-05-06
O
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- AminB:
  Good
  2021-05-06
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TKe
·2021-05-06
Hopeful
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- Teddybear089:
  Ya
  2021-05-06
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albert77
·2021-05-06
Cool
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yangmehmeh
·2021-05-06
Buy?
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JeffreyNeo
·2021-05-06
1
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ynwaben
·2021-05-06
Cathie supported! :DPlease like and comment!!
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- szueyann:
  [强]
  2021-05-06
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- Glenna:
  ok
  2021-05-06
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thjiuan
·2021-05-06
Please like
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- BeeL:
  ????
  2021-05-06
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MaxWin
·2021-05-06
Why the app isn't working
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- MaxWin:
  I can no longer share the stock for Android 11
  2021-05-07
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Blueman13
·2021-05-06
Things not looking on the trending down for lower lower
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Shin33
·2021-05-06
This is NOT the time to buy DKNG...
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- Trader0505:
  NoteD
  2021-05-06
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When several major sports leagues canceled or postponed their seasons at the pandemic's onset, engagement on its platform sank heavily. Eventually, it ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/05/draftkings-q1-earnings-preview-what-you-need-know/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DKNG","symbol_name":"DraftKings Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2021/05/05/draftkings-q1-earnings-preview-what-you-need-know/","article_id":"2133852553","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2133852553","pubTimestamp":1620226800,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The fantasy sports platform and sports betting operator will report first-quarter results on Friday, May 7.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DKNG":"DraftKings Inc."},"translate_title":"DraftKings第一季度收益预览：这里是你需要知道的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":0.9},"content_text":"DraftKings (NASDAQ:DKNG) had a volatile 2020. When several major sports leagues canceled or postponed their seasons at the pandemic's onset, engagement on its platform sank heavily. Eventually, it rebounded as sporting events returned (albeit in a modified form) and the fantasy sports platform and sports betting operator got back to doing what it does best.\nAs much of the company's revenue relies on customers placing wagers on the outcome of a sporting event, the return of sports was vital. Weirdly, the increasing number of people staying at home to protect against the pandemic further helped DraftKings recover. With limited entertainment options, more consumers turned to wagering on sports to occupy their time.\nNow states are easing business restrictions, making more outside entertainment options available to people. It will be interesting to see if DraftKings users have adapted their behavior permanently. 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Fifteen states have legalized online sports betting, and DraftKings offers its services in 12 of those states.\nThere is a long runway for growth in the category, and DraftKings is off to a good start. First, however, it must continue to invest in the infrastructure to build out its business as more states legalize OSBs. And it needs to spend on marketing and advertising to make people aware that it's available in their state. All this will be expensive, and that's why you'll want to look at the MUP figure to check progress in customer acquisition.\nWhat this could mean for investors\nWall Street analysts expect the company to report revenue of $231.53 million and a loss per share of $0.41. If earnings turn out as forecast, the revenue figure will be 104% higher than the same quarter last year. 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