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TickerTalks›$DKNG
DKDKNG

DraftKings Inc.

Strong FundamentalsStrong FundamentalsRevenue growing 17% YoYStreet coverage with positive forward estimatesConsistent chatter on X (175/wk), no spike
$DKNG·$12B·Gambling, Resorts & Casinos·Consumer Cyclical
$24.21+3.3%YTD-31.7%1Y-49.5%
Mentions · last 7 days
2026-08-23: 23 posts2026-08-24: 26 posts175
Price updated 2h ago·X counts updated 9d ago
DKDKNG
$DKNGDraftKings Inc.
$24.21+3.28%175 posts
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 2026-09-01

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

Ninth Circuit ruling against Kalshi + NFL kickoff catalyst; tape at 14% of range down 49% T12M.

DraftKings is the largest US online-sports-betting and daily-fantasy platform. The tape is deeply broken (down 49% T12M) but a specific regulatory win plus the NFL kickoff creates a genuine turnaround setup.

Why the coil is worth naming:

  • The Kalshi ruling is a specific bullish input — the Ninth Circuit sided with Nevada regulators against Kalshi's sports-prediction contracts, a real blow to a competing product structure that reduces the regulatory-arbitrage threat DKNG has faced.
  • NFL kickoff is the perennial engagement catalyst — first weekend of NFL always drives DKNG active-user acceleration; a new NFL deal is a specific pipeline add.
  • Fundamentals are still early on operating leverage — last quarter revenue grew 17% YoY to $1.65B at a 42% gross margin and 0.6% operating margin (barely positive); consensus is $6.73B with $0.20 EPS.
  • The multiple looks stretched (207x trailing) but that's on a barely-positive-earnings base; consensus 2027 EPS makes forward much more reasonable.
  • Structural tape is at extremes — 14% of the 52-week range, 10% below the 200-day, volume 93% of average; a coiled setup near the lows with a specific catalyst on the calendar.

The coil resolves higher on the Nov 5 print showing NFL-kickoff user acceleration and operating margin expanding above 5%; the wrong way if the NFL season fails to drive a meaningful re-acceleration or if a new state-regulatory drag (California, Texas) hits.

Agrees with X sentimentX captures the setup — the Ninth Circuit Kalshi ruling and NFL kickoff catalyst are real bullish inputs, and the ethics-based skepticism and drawdown-based bear voices are fair but tactical; agree with the coiled turnaround framing.

What to watch: Nov 5 earnings — NFL-kickoff-driven user acceleration, operating margin trend, and any state-regulatory commentary; a soft NFL user print or a new state-regulatory drag is the invalidation.

On the calendar: 2026-11-05 — Q3 earnings

X sentiment

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

Mixed sentiment37 posts analyzed · as of 2026-09-01

DraftKings is split between contrarian bulls and burned holders as the stock sits down about 40% on the year around $25. Bulls point to the Ninth Circuit ruling that Kalshi-style sports contracts can be regulated as gambling, an NFL deal, prediction-market pressure easing and FCF-based targets of $35-40. Skeptics counter that co-founder Kalish's exit, weak execution on prediction markets and shrinking share of wallet keep the setup fragile.

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

Online sports betting and iGaming are the structural growth channels; market maturation in early-legalization states is shifting focus to profitability over market share. Macao casino recovery depends on Chinese consumer confidence and visa policy normalization.

What this means for $DKNG

Partial — software subscription economics provide some insulation from macro cycles; AI integration is the growth catalyst for this segment; DraftKings Inc.

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
Q2 2026Aug 6, 2026$-0.14$0.02-741.6%
Q1 2026May 7, 2026$0.20$0.22-9.1%
Q4 2025Feb 12, 2026$0.36$0.360.0%
Q3 2025Nov 6, 2025$-0.52$-0.43-20.6%
Next earningsThu, Nov 5·consensus EPS $-0.14

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$6.7B$6.6B – $6.9B$0.20$0.19 – $0.2125
FY27$7.6B$7.2B – $8.0B$0.89$0.81 – $0.9722
FY28$8.6B$7.7B – $11.1B$1.64$0.94 – $2.2021
FY29$10.0B$9.4B – $11.0B$2.57$2.36 – $2.9010
FY30$10.9B$10.2B – $11.9B$3.50$3.22 – $3.9510

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.11%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.-5.5%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.-12.6%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 today1.7% 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.β1.635-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

SellAug 19Jocelyn MooreDirector10.8K sh$259KSellJun 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
+ 43 other (22 exempts · 10 inkinds · 9 awards · 1 gift · 1 other) 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-KMaterial agreementAug 258-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 7.01: Press release / Reg FD
AI summary

DraftKings Inc. (DKNG, Boston MA), the leading online sports betting and daily fantasy sports platform, filed a current report on August 25, 2026 disclosing entry into a material definitive agreement (Item 1.01) and creation of a direct financial obligation (Item 2.03) with a Reg FD disclosure (Item 7.01) and exhibits. Items 1.01 and 2.03 together indicate DraftKings entered a new financing arrangement — likely a new credit facility, term loan, or notes issuance. The specific terms (principal amount, interest rate, maturity date, covenants, use of proceeds) are in attached exhibits.

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.

+ 14 other (7 13Gs · 2 10-Qs · 2 earnings 8-Ks · 2 proxys) in window

Recent news

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

DraftKings Celebrates Customers on “DraftKings Gameday” with Free Gas, Exclusive Offers and Moregurufocus.com·3d agoDraftKings Celebrates Customers on “DraftKings Gameday” with Free Gas, Exclusive Offers and Morebusinesswire.com·3d ago‘DraftKings Is Not a Blessing to Your Life’: Dave Ramsey to Gambler 31 Days Sober and $23K in Debt247wallst.com·5d agoDraftKings vs. Flutter: Which Stock Has Better Growth Prospects?zacks.com·6d agoGaming and Leisure Properties: A High Yield And Deep Discount Too Hard To Ignore (Upgrade)seekingalpha.com·6d ago

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Voices on X · top 15 · last 7 days

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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