---
schema_version: "secwatch.filing_event.v1"
accession: "0001883685-22-000034"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2022-11-04T23:59:59+00:00"
generated_at: "2026-06-22T07:18:56.344205+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001883685-22-000034
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2022-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000188368522000034/0001883685-22-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000188368522000034/dkng-20221104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883685-22-000034
- JSON: https://secwatch.observer/filing/0001883685-22-000034.json
- Plain text: https://secwatch.observer/filing/0001883685-22-000034.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000188368522000034/0001883685-22-000034-index.htm

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