secwatch.observer — SEC 8-K summary
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Issuer:     DraftKings Inc. (DKNG)
CIK:        0001883685
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001883685-23-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883685/000188368523000033/0001883685-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883685/000188368523000033/dkng-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001883685-23-000033

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