---
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"
generated_at: "2026-05-30T03:00:57.011662+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DraftKings Q3 revenue up 39% to $1.095B; cuts FY2024 EBITDA guidance to $240M-$280M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000110465924115572/0001104659-24-115572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000110465924115572/tm2427766d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-115572
- JSON: https://secwatch.observer/filing/0001104659-24-115572.json
- Plain text: https://secwatch.observer/filing/0001104659-24-115572.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.