DraftKings Inc Ordinary Shares - Class A

DKNG: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$41.00	Lvzsn	Bvydffprc

DraftKings Earnings: Strong Customer Acquisition, Retention, and Engagement Driving Share Gains

Dan Wasiolek

May 3, 2024

We don’t plan a meaningful change to our $47 fair value estimate for no-moat DraftKings after the company reported terrific first-quarter results and increased its 2024 sales and adjusted EBITDA guidance roughly in line with our estimates.

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