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TickerTalks›$DKNG
DKDKNG

DraftKings Inc.

Strong FundamentalsStrong FundamentalsRevenue growing 17% YoYStreet coverage with positive forward estimatesConsistent chatter on X (4.3K/wk), no spike
$DKNG·$13B·Gambling, Resorts & Casinos·Consumer Cyclical
$24.74-0.4%YTD-28.2%1Y-42.7%
Mentions · last 7 days
2026-07-09: 406 posts2026-07-10: 681 posts2026-07-11: 1,005 posts2026-07-12: 456 posts2026-07-13: 605 posts2026-07-14: 482 posts2026-07-15: 599 posts4,258+3%
Price updated 5m ago·X counts updated 2d ago
DKDKNG
$DKNGDraftKings Inc.
$24.74-0.39%4.3k posts+3%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $DKNG, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptWinding up for a moveAI verdict · as of 2026-07-17

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Michael Burry going long is genuinely rare — the sports-betting regulatory thesis is the specific bet.

DraftKings is the US sports-betting leader that spent most of 2026 grinding lower as prediction markets ate into engagement. The story just shifted — Michael Burry disclosed a long, and the regulatory reset is the specific catalyst.

Why the setup has changed:

  • Burry going long DKNG and FLUT is a rare bullish signal from a career bear: his thesis is that regulatory intervention will constrain untaxed prediction-market platforms like Kalshi and Polymarket, benefiting regulated sports-betting leaders — a bet on policy, not consumer behavior.
  • The regulatory backdrop is genuinely moving: Goldman Sachs just banned staff from prediction-market bets on finance and war — the corporate-compliance signal that predicts broader restrictions — and TD Cowen reiterated the bull case on the 2026 FIFA World Cup platform-download ramp.
  • Fundamentals are still catch-up: 200x TTM P/E and 1% operating margin mean the business hasn't scaled profitably yet, but 5.5% free cash flow yield says cash generation has started — operating leverage scales as GGR grows.
  • The tape is basing: sitting at 15% of the 52-week range with the price flat against the 50-day and volume 28% below average — a compressed range setting up for the next catalyst, not a broken structure.

The trade works if regulatory action against prediction markets lands in a specific court ruling or executive order over the next two quarters. What breaks it is a policy reversal or a soft World Cup engagement print.

Agrees with X sentimentX is bullish on the Burry long and the regulatory-intervention thesis, and both are real — Burry rarely goes long, and the Goldman ban plus TD Cowen backing form a coherent macro setup. The gap is that Burry's timing on shorts has often been early — the same could apply to this rare long.

What to watch: The Aug 5 print — Q2 GGR trajectory, any commentary on 2026 FIFA World Cup platform DAU/download momentum, and progress toward operating-margin expansion. A GGR beat plus World Cup engagement number restarts the move; a soft engagement print re-opens the prediction-market fear.

On the calendar: 2026-08-05 — Q2 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment29 posts analyzed · as of 2026-07-15

DraftKings chatter is dominated by Michael Burry's newly-disclosed long positions in FLUT and DKNG - a rare bullish bet from The Big Short investor. Burry's thesis: regulatory intervention will curb untaxed prediction-market platforms like Kalshi and Polymarket, benefiting regulated sports-betting leaders. TD Cowen backs the bull thesis on rapid platform-download growth during the 2026 FIFA World Cup. Goldman just banned staff from prediction-market bets on finance and war (framed as regulatory-headwind confirmation). Contrarians grumble about casino business models 'praying on customers' but the community treats Burry's TA-driven long as strong validation.

Read the AI verdict + X sentiment for $DKNG

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Operates online sports betting and iGaming under the DraftKings brand across US states and international markets.

Industry overviewAI analysisGenerated by AI from underlying data

Where Gambling, Resorts & Casinos sits in its cycle right now — and what that implies for $DKNG.

Gambling, Resorts & Casinos · Consumer Cyclical

No material change from last week — DraftKings' super app pivot and World Cup gambling activity signal OSB market maturation.

What this means for $DKNG

Direct beneficiary — Operates online sports betting and iGaming under the DraftKings brand across US states and international markets; core operations sit in the path of the World Cup OSB surge and digital casino iGaming maturation.

Top industry ETF

$BJKVanEck Gaming ETF
-6.5%YTD
-4.0%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
207.1How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
1.0%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
0.6%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
5.5%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
2.0Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
7.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
41.8%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
2.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 7, 2026$0.20$0.22-9.1%
Q4 2025Feb 12, 2026$0.36$0.360.0%
Q3 2025Nov 6, 2025$-0.26$-0.43+39.7%
Q2 2025Aug 7, 2025$0.38$0.15+151.2%
Next earningsWed, Aug 5·consensus EPS $0.09

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$1.6B+16.8%42.3%0.4%$0.04$-55.5M
Q4 FY25$2.0B+42.8%46.0%7.6%$0.28$316.5M
Q3 FY25$1.1B+4.4%31.5%-23.8%$-0.52$247.9M
Q2 FY25$1.5B+36.9%43.5%10.0%$0.32$169.6M

Forward consensus

5-year forecast · up to 25 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$6.8B$6.7B – $6.9B$0.23$0.21 – $0.2625
FY27$7.6B$7.2B – $8.0B$0.92$0.83 – $0.9822
FY28$8.6B$8.6B – $8.7B$1.68$1.13 – $2.2621
FY29$10.0B$9.5B – $10.6B$2.60$2.43 – $2.7910
FY30$10.9B$10.3B – $11.5B$3.51$3.28 – $3.7710

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.15%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-3.5%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-12.1%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 476.5M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.9% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.645-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 11Dodge R StantonChief Legal Officer62.5K sh$1.9MSellMay 20Erik BradburyChief Accounting Officer862 sh$22KSellMay 18Woodrow LevinDirector34.2K sh$880KSellMar 13Jocelyn MooreDirector2.1K sh$55KSellMar 11Paul LibermanSee Remarks484.4K sh$12.2M
+ 34 other (21 exempts · 10 inkinds · 2 others · 1 gift) in window

See when $DKNG insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KPress release / Reg FDJun 268-K — Item 7.01: Press release / Reg FD
AI summary

DraftKings notified investors of its social media disclosure channel for investor communications, filed as a Reg FD item on June 29, 2026. Routine disclosure of the company's designated social media channels for material information under the SEC's social media guidance; no material new financial information is included.

8-KPress release / Reg FDJun 98-K — Item 7.01: Press release / Reg FD
AI summary

DraftKings Inc. disclosed via Reg FD on June 9, 2026 that its Predictions product posted strong May 2026 metrics: annualized consumer volume grew 24% month-over-month to $1.3 billion and annualized total volume traded grew 34% month-over-month to $3.1 billion, compared to April 2026 levels. The data is preliminary, unaudited, and subject to adjustment. This is a positive operating update demonstrating accelerating user engagement in DraftKings' newer Predictions vertical.

8-KOfficer or director changeMay 298-K — Item 5.02: Officer or director change
AI summary

DraftKings Inc. announced on May 29, 2026 that CFO and principal financial officer Alan Ellingson also assumed the role of principal accounting officer (PAO), effective immediately. Previous PAO Erik Bradbury retains his title as Chief Accounting Officer. Mr. Ellingson receives no additional compensation for the dual role. This is a routine administrative restructuring of accounting officer designations with no change to company leadership or strategy.

8-KShareholder voteMay 158-K — Item 5.07: Shareholder vote
AI summary

DKNG held its Annual Meeting of stockholders around 2026-05-15 (8-K Item 5.07). Stockholders elected 12 directors to the board. Independent auditor ratification was approved. Routine governance event — monitor for unusually high withhold votes as an activist signal.

+ 13 other (6 13Gs · 2 earnings 8-Ks · 2 proxys · 1 10-Q) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Here's Why DraftKings (DKNG) Fell More Than Broader Marketzacks.com·22h agoBear Cave Renews DraftKings Bear Case on Prediction Market Momentumbenzinga.com·1d agoDraftKings: A 40% Selloff Runs Contrary To The 64% Adjusted EBITDA Increaseseekingalpha.com·1d agoTRWD Appoints Technology and Payments Veteran Jeremy Woertink to Advisory Boardbusinesswire.com·1d agoDraftKings to Release Second Quarter 2026 Results on August 6, 2026 and Host Conference Call on August 7, 2026businesswire.com·2d ago

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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