In addition, Lieberman exercised stock options to purchase 88,441 shares at $0.63 per share, for a total of $55,717. Following these transactions, Lieberman owns various shares in various trusts, including the Paul Lieberman 2015 Revocable Trust and the Paul Lieberman 2020 Revocable Trust. InvestingPro Subscribers can access more than 10 additional exclusive insights into DKNG, including detailed analysis of insider transactions and comprehensive financial health metrics in the Pro Research report. InvestingPro Subscribers can access more than 10 additional exclusive insights into DKNG, including detailed analysis of insider transactions and comprehensive financial health metrics in the Pro Research report.
In addition, Lieberman exercised stock options to purchase 88,441 shares at $0.63 per share, for a total of $55,717. Following these transactions, Lieberman owns various shares in various trusts, including the Paul Lieberman 2015 Revocable Trust and the Paul Lieberman 2020 Revocable Trust.
In other recent news, DraftKings (NASDAQ:) Inc. announced… Reported a significant year-over-year increase in revenue of 39%, to $1.95 billion, despite an adjusted EBITDA loss of $59 million. The company's outlook includes generating approximately $850 million of free cash flow in fiscal 2025, with revenue guidance between $6.2 billion and $6.6 billion, and EBITDA guidance of $900 million to $1 billion. Analysts BTIG, TD Cowen and Goldman Sachs maintained their buy ratings on DraftKings, setting price targets at $55 and $57, respectively. These ratings come despite potential tax rate increases in Louisiana, which BTIG estimates could pose an approximate $11 million risk to DraftKings in 2025. Legalizing sports betting in Missouri is also expected to boost DraftKings' revenue and EBIT Depreciation and consumption are significant. Furthermore, DraftKings plans to enhance its live betting offerings by integrating Simple Bet and expects a 500 basis point increase in the betting mix during the NFL season. Despite these developments, DraftKings maintains a cautious outlook on customer acquisition spending due to the competitive environment.
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