secwatch.observer — SEC 8-K summary
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Issuer:     DraftKings Inc. (DKNG)
CIK:        0001883685
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001883685-22-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DraftKings Q2 revenue $466M (+57% YoY), beats guidance; raises FY2022 outlook
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- Revenue $466M (+57% YoY); B2C revenue $455M (+68% YoY); exceeded Q2 guidance midpoint by >$30M.
- Adjusted EBITDA outperformed Q2 guidance midpoint by nearly 40%.
- MUPs 1.5M (+30% YoY); ARPMUP $103 (+30% YoY) driven by strong engagement and reduced promotions.
- FY2022 revenue guidance raised to $2.08B-$2.18B; Adj EBITDA loss guidance improved to $765M-$835M.
- Mobile sports betting live in 17 states (36% US pop); iGaming in 5 states (11% US pop).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883685/000188368522000025/0001883685-22-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883685/000188368522000025/dkng-20220805.htm
  HTML page:      https://secwatch.observer/filing/0001883685-22-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer