8-K
filed November 8, 2024, 6:59 PM ET
ticker DKNG
CIK 0001883685
earnings
confidence high
sentiment negative
materiality 0.85
DraftKings Q3 revenue up 39% to $1.095B; cuts FY2024 EBITDA guidance to $240M-$280M
DraftKings Inc.
2024-Q3 EPS reported
-$0.78
revenue$3,374,927,000
- Revenue $1.095B, +39% YoY; net loss $293.7M ($0.60 EPS loss).
- MUPs up 55% to 3.6M; ARPMUP down 10% to $103 (ex-Jackpocket +27% and +8%).
- Introduces FY2025 revenue guidance $6.2B-$6.6B (31% growth), reiterates Adj. EBITDA $900M-$1.0B.
- Cuts FY2024 revenue guidance to $4.85B-$4.95B (from $5.05-$5.25B) and Adj. EBITDA to $240M-$280M (from $340M-$420M) due to customer-friendly sports outcomes.
- Entered new $500M senior secured revolving credit facility, maturing Nov 2029, replacing $125M facility.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001104659-24-115572
- form_type
- 8-K
- ticker
- DKNG
- cik
- 0001883685
- company_name
- DraftKings Inc.
- filed_at
- 2024-11-08T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:10.241908+00:00
- generated_at
- 2026-05-30T03:00:57.011662+00:00
- sec_items
- ["1.01", "2.02", "2.03", "9.01"]
- event_type
- earnings
- sentiment
- negative
- materiality_score
- 0.85
- calibrated_materiality_score
- 0.85
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001104659-24-115572
- json_url
- https://secwatch.observer/filing/0001104659-24-115572.json
- markdown_url
- https://secwatch.observer/filing/0001104659-24-115572.md
- text_url
- https://secwatch.observer/filing/0001104659-24-115572.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1883685/000110465924115572/0001104659-24-115572-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1883685/000110465924115572/tm2427766d1_8k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
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