---
schema_version: "secwatch.filing_event.v1"
accession: "0001883685-24-000025"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:02:23.657439+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001883685-24-000025
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000025/0001883685-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000025/dkng-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883685-24-000025
- JSON: https://secwatch.observer/filing/0001883685-24-000025.json
- Plain text: https://secwatch.observer/filing/0001883685-24-000025.txt

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