In addition, Liberman exercised stock options to purchase 88,441 shares at $0.63 per share, for a total of $55,717. Following these transactions, Liberman holds various interests in various trusts, including the Paul Liberman 2015 Revocable Trust and the Paul Liberman 2020 Trust. InvestingPro subscribers have access to 10+ additional exclusive insights on DKNG, including detailed analysis of insider transactions and comprehensive financial health metrics in the Pro Research Report. InvestingPro subscribers have access to 10+ additional exclusive insights on DKNG, including detailed analysis of insider transactions and comprehensive financial health metrics in the Pro Research Report.
In addition, Liberman exercised stock options to purchase 88,441 shares at $0.63 per share, for a total of $55,717. Following these transactions, Liberman holds various interests in various trusts, including the Paul Liberman 2015 Revocable Trust and the Paul Liberman 2020 Trust.
In other recent news, DraftKings (NASDAQ: ) Inc . reported a significant 39% year-over-year increase in revenue, reaching $1.95 billion, despite a $59 million adjusted EBITDA loss. The company’s future guidance includes generating approximately $850 million in free cash flow in fiscal 2025, with projected revenue between $6.2 billion and $6.6 billion, and adjusted EBITDA guidance in the range of $900 million to $1 billion. Analyst firms BTIG, TD Cowen and Goldman Sachs maintained their Buy ratings on DraftKings, with price targets of $55 and $57, respectively. These ratings come despite a potential tax rate increase in Louisiana, which BTIG estimates could pose an approximate $11 million risk to DraftKings in 2025. The legalization of sports betting in Missouri is also expected to significantly increase DraftKings’ revenue and EBITDA. Furthermore, DraftKings plans to enhance its live betting offering by integrating Simple Bet and expects a 500 basis point increase in the parlay combination during the NFL season. Despite these developments, DraftKings maintains a cautious view on customer acquisition spend due to the competitive environment.
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