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DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online or retail sports betting in about 30 states and iGaming in seven states, with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.
2011
4.4K+
LTM Revenue $5.0B
LTM EBITDA $280M
$26.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
DraftKings has a last 12-month revenue of $5.0B and a last 12-month EBITDA of $280M.
In the most recent fiscal year, DraftKings achieved revenue of $4.8B and an EBITDA of -$319M.
DraftKings expects next 12-month revenue of XXX and NTM EBITDA of XXX
See DraftKings valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.2B | $3.7B | $4.8B | $5.0B | XXX |
| Gross Profit | $756M | $1.4B | $1.8B | XXX | XXX |
| Gross Margin | 34% | 37% | 38% | XXX | XXX |
| EBITDA | -$1.3B | -$587M | -$319M | $280M | XXX |
| EBITDA Margin | -60% | -16% | -7% | 6% | XXX |
| Net Profit | -$1.4B | -$802M | -$507M | XXX | XXX |
| Net Margin | -62% | -22% | -11% | XXX | XXX |
| Net Debt | n/a | n/a | $468M | XXX | XXX |
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As of February 14, 2025, DraftKings's stock price is $53.
DraftKings has current market cap of $26.2B, and EV of $26.8B.
See DraftKings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $26.8B | $26.2B | XXX | XXX | XXX | XXX | $-0.84 |
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Sign UpAs of February 14, 2025, DraftKings has market cap of $26.2B and EV of $26.8B.
DraftKings's trades at 5.4x LTM EV/Revenue multiple, and 95.5x LTM EBITDA.
Analysts estimate DraftKings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for DraftKings and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $26.8B | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | XXX | XXX |
| EV/EBITDA | -83.8x | XXX | XXX | XXX |
| P/E | -51.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 90.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpDraftKings's NTM/LTM revenue growth is 32%
DraftKings's revenue per employee for the last fiscal year averaged $1.1M, while opex per employee averaged $0.6M for the same period.
Over next 12 months, DraftKings's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate DraftKings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for DraftKings and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 30% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -7% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -46% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 26% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.6M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 27% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 51% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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DraftKings acquired XXX companies to date.
Last acquisition by DraftKings was XXXXXXXX, XXXXX XXXXX XXXXXX . DraftKings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was DraftKings founded? | DraftKings was founded in 2011. |
| Where is DraftKings headquartered? | DraftKings is headquartered in United States of America. |
| How many employees does DraftKings have? | As of today, DraftKings has 4.4K+ employees. |
| Who is the CEO of DraftKings? | DraftKings's CEO is Mr. Jason D. Robins. |
| Is DraftKings publicy listed? | Yes, DraftKings is a public company listed on NAS. |
| What is the stock symbol of DraftKings? | DraftKings trades under DKNG ticker. |
| When did DraftKings go public? | DraftKings went public in 2020. |
| Who are competitors of DraftKings? | Similar companies to DraftKings include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of DraftKings? | DraftKings's current market cap is $26.2B |
| What is the current revenue of DraftKings? | DraftKings's last 12-month revenue is $5.0B. |
| What is the current EBITDA of DraftKings? | DraftKings's last 12-month EBITDA is $280M. |
| What is the current EV/Revenue multiple of DraftKings? | Current revenue multiple of DraftKings is 5.4x. |
| What is the current EV/EBITDA multiple of DraftKings? | Current EBITDA multiple of DraftKings is 95.5x. |
| What is the current revenue growth of DraftKings? | DraftKings revenue growth between 2023 and 2024 was 30%. |
| Is DraftKings profitable? | Yes, DraftKings is EBITDA-positive (as of the last 12 months). |
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