DraftKings Came Out Ahead in 2024 -- Market Talk

Dow Jones

Feb 15, 2025

1106 ET - With its 4Q report, DraftKings put a bow on a 2024 that saw it clocking huge gains across a variety of metrics, Truist analysts say in a research note. The company acquired 3.5 million new customers at record low acquisition costs and grew its online sports-betting and iGaming handle, or the total amount wagered by bettors, by 21% from the year before, the analysts say. The company's structural hold, or share of money made after paying out winning bets, rose 70 basis points and its promotions rate dropped by 200 basis points, the analysts say. And importantly, 2024 was the company's first year with positive free cash flow, they say. DraftKings jumps 13% to $52.34. (dean.seal@wsj.com)

(END) Dow Jones Newswires

February 14, 2025 11:06 ET (16:06 GMT)

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The company acquired 3.5 million new customers at record low acquisition costs and grew its online sports-betting and iGaming handle, or the total amount wagered by bettors, by 21% from the year before, the analysts say. The company's structural hold, or share of money made after paying out winning bets, rose 70 basis points and its promotions rate dropped by 200 basis points, the analysts say. And importantly, 2024 was the company's first year with positive free cash flow, they say. DraftKings jumps 13% to $52.34. (dean.seal@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 11:06 ET (16:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DraftKings Came Out Ahead in 2024 -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDraftKings Came Out Ahead in 2024 -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-15 00:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1106 ET - With its 4Q report, DraftKings put a bow on a 2024 that saw it clocking huge gains across a variety of metrics, Truist analysts say in a research note. The company acquired 3.5 million new customers at record low acquisition costs and grew its online sports-betting and iGaming handle, or the total amount wagered by bettors, by 21% from the year before, the analysts say. The company's structural hold, or share of money made after paying out winning bets, rose 70 basis points and its promotions rate dropped by 200 basis points, the analysts say. And importantly, 2024 was the company's first year with positive free cash flow, they say. DraftKings jumps 13% to $52.34. (dean.seal@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 14, 2025 11:06 ET (16:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\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://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511510697","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511510697","pubTimestamp":1739549160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1106 ET - With its 4Q report, DraftKings put a bow on a 2024 that saw it clocking huge gains across a variety of metrics, Truist analysts say in a research note. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DKNG":"DraftKings Inc.","BK4565":"NFT概念","BK4588":"碎股","BK4150":"赌场与赌博","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念"},"translate_title":"DraftKings在2024年取得领先——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DKNG":0.9},"content_text":"1106 ET - With its 4Q report, DraftKings put a bow on a 2024 that saw it clocking huge gains across a variety of metrics, Truist analysts say in a research note. The company acquired 3.5 million new customers at record low acquisition costs and grew its online sports-betting and iGaming handle, or the total amount wagered by bettors, by 21% from the year before, the analysts say. The company's structural hold, or share of money made after paying out winning bets, rose 70 basis points and its promotions rate dropped by 200 basis points, the analysts say. And importantly, 2024 was the company's first year with positive free cash flow, they say. DraftKings jumps 13% to $52.34. (dean.seal@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  February 14, 2025 11:06 ET (16:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}