Fanatics Targets $50B in Annual Revenue With Help of New Credit Card [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
He has also confirmed further expansion into financial services and prediction markets, according to Forbes CEO Michael Rubin predicts up to $50 billion in yearly revenue within the next 10 years. Expansion includes sports betting, prediction markets, and financial products. Fanatics also plans to launch a multipurpose credit card for sports fans. Speaking at the National Retail Federation's Big Show in New York on Sunday, Rubin said there is no immediate pressure to take the privately held company public despite its current valuation of around $13 billion. Its largest revenue contributor remains licensed merchandise, which generates around $7 billion in annual revenue. Collectibles and trading cards add $4 billion, while betting and gaming account for roughly $2 billion. The company also operates official online stores for many major sports leagues and U.S. colleges, owns the Lids retail chain, and partners with Barnes & Noble on campuses. While Fanatics holds a strong p
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Sec Filings
- 1/16/26 - Form SCHEDULE
- 1/5/26 - Form 4
- 12/11/25 - Form 4
- DKNG's page on the SEC website