Highest-materiality recent filing
DraftKings Q1 revenue $1.646B (+17% YoY); posts net income $21M vs year-ago loss
Revenue $1.646B (+17% YoY) driven by efficient customer acquisition and higher Sportsbook margin.
DraftKings Q4 revenue up 43% to $1.99B; reports first annual positive net income
Q4 revenue $1,989M (+43% YoY); full-year revenue $6,055M (+27% YoY).
DraftKings raises FY2025 revenue guidance to $5.9-6.1B; boosts buyback to $2B
Q3 revenue $1.14B (+4% YoY); net loss $0.52/share vs $0.60 loss year ago.
DraftKings Q2 revenue up 37% to $1,513M; record net income and Adj EBITDA
Revenue $1,513M (+37% YoY); net income $158M; Adjusted EBITDA $301M — all company records.
DraftKings to impose $0.50 per-bet fee in Illinois starting Sept 1, 2025 after tax hikes
50-cent transaction fee on all mobile/online bets in Illinois via DraftKings Sportsbook, effective Sept 1, 2025.
DraftKings Q1 revenue up 20% to $1.41B but cuts FY2025 guidance on customer-friendly March outcomes
Revenue $1,409M (+20% YoY); net loss narrowed to $33.9M ($0.07 loss per share) from $142.6M ($0.30 loss) in Q1 2024.
DraftKings closes $600M Term Loan B, upsized from $500M on strong demand
Closed $600M senior secured Term Loan B, increased from $500M due to strong demand.
DraftKings Q4 revenue $1.39B (+13% YoY); raises FY2025 revenue midpoint to $6.45B
Q4 revenue $1.393B (+13% YoY); net loss $135M ($0.28 diluted loss).
DraftKings Q3 revenue up 39% to $1.095B; cuts FY2024 EBITDA guidance to $240M-$280M
Revenue $1.095B, +39% YoY; net loss $293.7M ($0.60 EPS loss).
DraftKings drops planned gaming tax surcharge after customer backlash
Company announced on Aug 13, 2024 it will not implement the previously disclosed gaming tax surcharge.
DraftKings Q2 rev +26% to $1.1B, corrects GAAP diluted EPS to $0.10, launches $1B buyback
Revenue $1,104M (+26% YoY); MUPs up 50% to 3.1M; ARPMUP $117 (-15%).
Q2 revenue $1,104M (+26% YoY); net income $63.8M vs loss of $77.3M; diluted EPS $0.12.
DraftKings completes Jackpocket acquisition; issues 7.5M shares in deal
Completed acquisition of Jackpocket, leading US digital lottery app, gaining entry to the lottery vertical.
Erik Bradbury, the Company’s previous PAO, will remain in his position as the Company’s Chief Accounting Officer.
Alan Ellingson, the Company’s Chief Financial Officer and principal financial officer, will assume the role of the Company’s principal accounting officer (“PAO”), effective as of May 29, 2026.
On June 9, 2024, the board of directors (the “Board”) of DraftKings Inc. (“DraftKings” or the “Company”) appointed Erik Bradbury as the Company’s Chief Accounting Officer and principal accounting officer, effective on or about August 12, 2024.
Effective as of Mr. Bradbury’s appointment, Alan Ellingson, the Company’s Chief Financial Officer and principal financial officer, will no longer serve as the Company’s principal accounting officer.
Max materiality 0.85 · Median 0.75 · Most common event earnings