![]() The flagship streaming service now boasts 118.1 million subscribers, up only 2.1 million from the previous quarter's headcount, versus expectations for the addition of about 10 million paying customers. The company fell short of analysts' sales and earnings, but worse than that, Disney+ subscriber growth slowed to a crawl. That's probably got a lot to do with the media giant's recent earnings report, which was anything but thrilling. ![]() Disney is one of the website's most talked-about tickers of the past few days. Whereas DraftKings is a name one could reasonably expect to be a hot topic at Reddit, blue-chip company Walt Disney (NYSE: DIS) isn't. It's going to take some time (measured in years) for DraftKings to reach critical mass, but the market could readily reward progress made along the way by continuing to pump up the stock's price. For example, certain customers of DISH Network's SlingTV are able to access DraftKings' betting app directly from the streaming television service's interface.Īnd that's just one way the company is connecting with an increasing number of consumers. market will swell to more than $10 billion by 2028, though, as more states legalize app-based betting on sports.ĭraftKings is certainly savvy when it comes to positioning itself to win at least its fair share of that growing business, too. It's only worth about $2 billion in the United States, according to Gabelli Securities, which is DraftKings' core market. Sports betting is estimated to be a business worth anywhere from $150 billion to $200 billion per year, depending on which analysis you read. The thing is, most of Wall Street as well as most of Main Street may be underestimating this company's ultimate potential. But, given the possibility that the company may never actually turn a profit, interested parties turn to the internet to make the bullish case that most of Wall Street won't. Such stocks are usually built around an idea that's marketable enough (fantasy sports and sports betting, in this case). ![]() DraftKingsĭraftKings (NASDAQ: DKNG) is the prototypical discussion board stock in that the small company is growing revenue like wildfire, yet remains deep in the red. ![]()
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