---
schema_version: "secwatch.filing_event.v1"
accession: "0001883685-23-000033"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:37:09.061362+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DraftKings Q2 revenue $875M (+88% YoY), first positive Adj. EBITDA; raises FY23 guidance

## Summary
- Revenue $875M (+88% YoY); net loss $77.3M ($0.17 EPS) vs $217.1M ($0.50) year ago.
- First-ever positive Adjusted EBITDA in Q2; expects $150-175M Adj. EBITDA in Q4 2023.
- FY23 revenue guidance raised to $3.46-3.54B (midpoint +$315M); Adj. EBITDA guidance improved to ($190)-($220)M.
- Monthly Unique Payers up 44% to 2.1M; ARPMUP up 33% to $137.
- Live in 21 states for sports betting; expects to launch in Kentucky Sept 28, 2023 pending approvals.

## SEC filing metadata
- accession: 0001883685-23-000033
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2023-08-03T23:59:59+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/1883685/000188368523000033/0001883685-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000188368523000033/dkng-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883685-23-000033
- JSON: https://secwatch.observer/filing/0001883685-23-000033.json
- Plain text: https://secwatch.observer/filing/0001883685-23-000033.txt

## Key facts
- Earnings Releases
  DraftKings Inc. reported the quarter ended June 30, 2023 results: revenue $875 million. Guidance raised.
  - Period: the quarter ended June 30, 2023
  - Revenue: $875 million
  - Guidance: raised
  - Result: reported results
  source text: For the three months ended June 30, 2023, DraftKings reported revenue of $875 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000188368523000033/0001883685-23-000033-index.htm

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