DraftKings Q2 revenue +26% to $1.1B, raises FY revenue guide, cuts EBITDA guide, announces $1B buyback

DraftKings Inc.

2024-Q2 EPS reported -$0.17 revenue$2,279,437,000

Q2 revenue $1,104M (+26% YoY); net income $63.8M vs loss of $77.3M; diluted EPS $0.12.
FY 2024 revenue guidance raised to $5.05B-$5.25B (from $4.8B-$5.0B).
FY 2024 Adjusted EBITDA guidance revised downward to $340M-$420M (from $460M-$540M).
Board authorized $1.0B share repurchase program; reaffirms FY 2025 Adj. EBITDA target of $900M-$1.0B.
Plans gaming tax surcharge in high-tax states effective Jan 1, 2025 to drive annual EBITDA upside.

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.