DraftKings Q1 revenue up 53% to $1.175B; raises FY2024 guidance midpoints

DraftKings Inc.

2024-Q1 EPS reported -$0.30 revenue$1,174,996,000

Revenue of $1,175M (+53% YoY); net loss narrowed to $142.6M ($0.30 loss per share) from $397.1M.
Monthly Unique Payers grew 23% to 3.4M; ARPMUP up 25% to $114.
FY2024 revenue guidance raised to $4.8-5.0B (midpoint $4.9B); Adjusted EBITDA guidance raised to $460-540M (midpoint $500M).
Launched sportsbook in Vermont and North Carolina; now live in 25 states (~49% of US population).

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 0.95

DraftKings Inc. reported the quarter ended March 31, 2024 results: revenue $1,175 million. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $1,175 million
Guidance: raised
Result: reported results

Exact text from the filing

as amended, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- DraftKings Reports First Quarter Revenue Growth of 53% to $1,175 million; Raises 2024 Revenue Guidance Midpoint to $4.9 Billion and 2024 Adjusted EBITDA Guidance Midpoint to $500 Million Boston, MA – May 2, 2024 — DraftKings Inc. (Nasdaq: DKNG)

View on SEC.gov

222 earnings releases filed in the last 30 days. Browse all earnings releases →

DraftKings Inc. filing history →

Source: SEC EDGAR

accession 0001883685-24-000015

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.