EXCLUSIVE: DraftKings CEO Sizes Up 2023 NFL Season, Says 'I'm Expecting Big Things And Big Growth'
Portfolio Pulse from Chris Katje
DraftKings Inc (NASDAQ:DKNG) CEO Jason Robins is optimistic about the upcoming 2023 NFL season, expecting big growth for the sports betting industry. The company's Q2 financial results beat analysts' estimates for revenue and earnings per share. The expansion of primetime games for the NFL, including a game on Black Friday, is seen as a value addition for DraftKings. The company's shares hit new 52-week highs of $34.49 during the intraday trading session on Friday, Aug. 5.
August 07, 2023 | 5:47 pm
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NEUTRAL IMPACT
Amazon.com, Inc. (NASDAQ:AMZN) has a partnership with the NFL for Thursday Night Football games and will stream a game on Black Friday for the first time.
While the news of Amazon streaming a game on Black Friday is positive, it's not clear how significant this single event will be for the company's overall performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
DraftKings' Q2 results beat estimates and the company expects big growth in the upcoming NFL season. The expansion of NFL primetime games is seen as a value addition for the company.
The company's strong Q2 results and the CEO's optimistic outlook for the upcoming NFL season are positive indicators for the company. The expansion of NFL primetime games, which typically see more wagers, is also beneficial for DraftKings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100