DraftKings Integrating Market-Making Into Predictions a Key Catalyst for Higher Marketing Spend, Oppenheimer Says

-- DraftKings (DKNG) integrating market-making into Predictions is seen as a key catalyst for increased marketing spend, as it could generate higher lifetime value and customer acquisition cost thresholds, Oppenheimer said in a note emailed Wednesday.

The brokerage expects Q1 revenue and earnings before interest, taxes, depreciation and amortization of $1.6 billion and $143 million, respectively, compared with Street consensus of $1.63 billion and $150 million. It forecasts Q2 revenue and EBITDA of $1.67 billion and $284 million, compared with Street estimates of $1.57 billion and $271 million, according to the note.

Oppenheimer believes April had strong holds, and anecdotal usage suggests levers around profit-boosts and early wins could support May handle as comparisons ease.

The firm said it has yet to see Predictions iterations that command higher marketing spend into the World Cup, but that could change if market-making accelerates.

DraftKings is set to report Q1 results Thursday.

Oppenheimer maintained an outperform rating on DraftKings with a $35 price target.

Price: $24.58, Change: $+0.40, Percent Change: +1.68%

產業動態：能源股週三下跌

週三，能源股普遍下跌，紐約證券交易所能源板塊指數下跌3.9%，道富能源精選板塊SPDR ETF（XLE）下跌4.1%。費城石油服務板塊指數下跌2%，道瓊美國公用事業指數下跌1.5%。由於市場預期美伊關係有望取得外交突破，原油價格週三下跌。西德州中質原油價格暴跌7.1%，至每桶95.03美元；全球基準布蘭特原油價格下跌7.9%，至每桶101.15美元。亨利樞紐天然氣期貨價格下跌2.5%，至每百萬英熱單位2.72美元。截至上週五的一周，包括戰略石油儲備在內的美國原油庫存減少了750萬桶，此前一周減少了1,340萬桶。在剔除戰略石油儲備（SPR）的庫存後，商業原油庫存下降230萬桶，此前一周下降了620萬桶，而彭博社此前匯總的調查顯示，市場預期庫存將下降340萬桶。公司新聞方面，Spire (SR)股價下跌4%，此前該公司公佈的第二財季營業收入低於分析師預期。 Vermilion Energy (VET)公佈第一財季虧損，而去年同期則獲利。該公司股價下跌13%。 Equinor (EQNR)股價暴跌8%，此前該公司公佈的第一財季營收降幅超過華爾街預期。

$EQNR$SR$VET

DraftKings Integrating Market-Making Into Predictions a Key Catalyst for Higher Marketing Spend, Oppenheimer Says

相關文章

Linamar第一季銷售額成長16.1%，達到29.4億美元。

產業動態：能源股週三下跌

ARM財報速覽：ARM第四季營收14.9億美元，高於FactSet預期的14.7億美元。