---
schema_version: "secwatch.filing_event.v1"
accession: "0001883685-24-000015"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:55:47.485991+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001883685-24-000015
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2024-05-02T23:59:59+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/1883685/000188368524000015/0001883685-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000015/dkng-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883685-24-000015
- JSON: https://secwatch.observer/filing/0001883685-24-000015.json
- Plain text: https://secwatch.observer/filing/0001883685-24-000015.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000015/0001883685-24-000015-index.htm

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