DraftKings Q3 revenue up 136% to $502M; raises FY22 guidance, introduces FY23 outlook

DraftKings Inc.

2022-Q3 EPS reported -$2.63 revenue$1,385,328,000

Q3 revenue $502M (+136% YoY); B2C segment $493M (+161% YoY).
MUPs 1.6M (+22% YoY); ARPMUP $100 (+114% YoY).
FY22 revenue guidance raised to $2.16B-$2.19B; Adj EBITDA loss guidance improved to $800M-$780M.
Introduces FY23 revenue guidance $2.8B-$3.0B; FY23 Adj EBITDA loss $575M-$475M; targets positive Adj EBITDA in Q4 2023.
Expanded mobile sports betting to 18 states (37% US pop); iGaming in 5 states; new Amazon TNF partnership.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DraftKings Inc. reported the quarter ended September 30, 2022 results: revenue $502 million. Guidance raised.

Period: the quarter ended September 30, 2022
Revenue: $502 million
Guidance: raised
Result: reported results

Exact text from the filing

except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- DraftKings Reports YoY Third Quarter Revenue Increase of 136% to $502 million; Raises 2022 Revenue Guidance and Improves 2022 Adjusted EBITDA Guidance; Introduces 2023 Revenue and Adjusted EBITDA Guidance Adjusted EBITDA Improves Significantly Compared to

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Source: SEC EDGAR

accession 0001883685-22-000034

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