Latest news with #JasonRobins
Yahoo
5 days ago
- Business
- Yahoo
DraftKings Inc. (DKNG) Will Benefit From The Football Season, Says Jim Cramer
We recently published . DraftKings Inc. (NASDAQ:DKNG) is one of the stocks Jim Cramer recently discussed. DraftKings Inc. (NASDAQ:DKNG) is a technology company that primarily provides sports betting services. Its shares have gained 19.5% year-to-date as the firm has benefited from multiple strong quarterly earnings reports and strong annual guidance figures. For instance, DraftKings Inc. (NASDAQ:DKNG)'s jumped in February after the firm increased the low end of its full year guidance to $6.3 billion from an earlier $6.2 billion. In August, the firm reported that its revenue grew by 37% to $1.51 billion. Cramer believes that DraftKings Inc. (NASDAQ:DKNG) will benefit from the football season: 'And then Jason Robins, DraftKings, I mean coming into the football season, coming in hot as opposed to, no I came in cool, I'm sorry.' He discussed DraftKings Inc. (NASDAQ:DKNG) in detail later during the day in Mad Money: 'As we approach football season, things are already looking pretty darn good for DraftKings, one of the nation's largest online sportsbooks. I've been steadfastly bull on this one, you know, just the whole way. After the close, DraftKings reported an impressive quarter, revenue growth accelerating to 37%, better-than-expected earnings, higher-than-expected earnings before interest, taxes, depreciation, and amortization. These results were driven by what DraftKings calls sportsbook-friendly outcomes in the quarter, and the company only reiterated its full-year forecast. But management did say that it now expects to see revenue near the high end of its guidance range. That was good enough to send the stock flying in after-hours trading.' While we acknowledge the potential of DKNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
DraftKings Inc. (DKNG) Will Benefit From The Football Season, Says Jim Cramer
We recently published . DraftKings Inc. (NASDAQ:DKNG) is one of the stocks Jim Cramer recently discussed. DraftKings Inc. (NASDAQ:DKNG) is a technology company that primarily provides sports betting services. Its shares have gained 19.5% year-to-date as the firm has benefited from multiple strong quarterly earnings reports and strong annual guidance figures. For instance, DraftKings Inc. (NASDAQ:DKNG)'s jumped in February after the firm increased the low end of its full year guidance to $6.3 billion from an earlier $6.2 billion. In August, the firm reported that its revenue grew by 37% to $1.51 billion. Cramer believes that DraftKings Inc. (NASDAQ:DKNG) will benefit from the football season: 'And then Jason Robins, DraftKings, I mean coming into the football season, coming in hot as opposed to, no I came in cool, I'm sorry.' He discussed DraftKings Inc. (NASDAQ:DKNG) in detail later during the day in Mad Money: 'As we approach football season, things are already looking pretty darn good for DraftKings, one of the nation's largest online sportsbooks. I've been steadfastly bull on this one, you know, just the whole way. After the close, DraftKings reported an impressive quarter, revenue growth accelerating to 37%, better-than-expected earnings, higher-than-expected earnings before interest, taxes, depreciation, and amortization. These results were driven by what DraftKings calls sportsbook-friendly outcomes in the quarter, and the company only reiterated its full-year forecast. But management did say that it now expects to see revenue near the high end of its guidance range. That was good enough to send the stock flying in after-hours trading.' While we acknowledge the potential of DKNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Bloomberg
7 days ago
- Business
- Bloomberg
DraftKings Leans on AI for Efficiency, CEO Says
DraftKings CEO Jason Robins says the betting company is leaning on artificial intelligence to boost efficiency. Robins discusses the company's earnings and outlook with Caroline Hyde on 'Bloomberg Tech.' (Source: Bloomberg)
Wall Street Journal
7 days ago
- Business
- Wall Street Journal
DraftKings Walks Fine Line on Prediction-Markets Debate as Investor Interest Grows
DraftKings DKNG -0.22%decrease; red down pointing triangle is keeping its cards close to its chest when it comes to its view on controversial prediction markets, which are garnering more interest from investors. Chief Executive Jason Robins said he is still weighing the pros and cons of dipping a toe into prediction markets, which give people a way to put money on events, such as sports games, elections and natural disasters, without the same taxes and regulations traditional sports betting is subject to. DraftKings is closely monitoring the budding industry as a new source of revenue, but is wary of upsetting its partners as prediction markets have attracted legal scrutiny.
Yahoo
7 days ago
- Business
- Yahoo
DraftKings CEO on Q2, sports-betting tax, prediction markets
DraftKings (DKNG) beat Wall Street expectations in the second quarter and reaffirmed its full-year outlook. DraftKings CEO Jason Robins joins Market Catalysts host Julie Hyman and Yahoo Finance Markets Reporter Josh Schafer to discuss the company's results and product highlights. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
