---
schema_version: "secwatch.filing_event.v1"
accession: "0001883685-23-000010"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:47:40.584027+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DraftKings Q4 revenue $855M (+81% YoY); raises FY2023 revenue midpoint to $2.95B, EBITDA to ($400)M

## Summary
- Q4 revenue $855M vs $473M YoY (+81%); net loss $(0.53) per share.
- FY2023 revenue guidance raised to $2.85-3.05B (midpoint $2.95B) from $2.8-3.0B.
- FY2023 Adjusted EBITDA guidance improved to ($350)-(450)M from ($475)-(575)M.
- Company expects >$700M cash at FY2023 exit and positive Adjusted EBITDA in FY2024.
- MUPs up 31% to 2.6M; ARPMUP up 42% to $109; live in 20 states for sportsbook.

## SEC filing metadata
- accession: 0001883685-23-000010
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000188368523000010/0001883685-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000188368523000010/dkng-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883685-23-000010
- JSON: https://secwatch.observer/filing/0001883685-23-000010.json
- Plain text: https://secwatch.observer/filing/0001883685-23-000010.txt

## Key facts
- Earnings Releases
  DraftKings Inc. reported fourth quarter and year ended December 31, 2022 results: revenue $855 million. Guidance reaffirmed.
  - Period: fourth quarter and year ended December 31, 2022
  - Revenue: $855 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: raftKings Reports Fourth Quarter Revenue of $855 Million; Raises 2023 Revenue Guidance Midpoint to $2.95 Billion and Improves 2023 Adjusted EBITDA Guidance Midpoint to ($400) Million Expects to Exit Fiscal Year 2023 With More Than $700 Million in Cash and Generate Positive Adjusted EBITDA in Fiscal Year 2024 Boston, MA – February 16, 2023— DraftKings Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000188368523000010/0001883685-23-000010-index.htm

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