Highest-materiality recent filing
DraftKings Q2 revenue down 5% YoY; net loss $67.6M, guidance maintained
Q2 revenue $1,443M, down 5% YoY from $1,513M; net loss $67.6M vs $157.9M profit prior year.
DraftKings Predictions offering sees May 2026 annualized consumer volume up 24% MoM to $1.3B
Annualized consumer volume in Predictions offering was $1.3B in May 2026, up 24% month-over-month.
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.
DraftKings Q1 revenue up 53% to $1.175B; raises FY2024 guidance midpoints
Revenue of $1,175M (+53% YoY); net loss narrowed to $142.6M ($0.30 loss per share) from $397.1M.
DraftKings CFO Jason Park becomes Chief Transformation Officer; Alan Ellingson appointed CFO
Jason Park transitions to new Chief Transformation Officer role effective May 1, 2024, focusing on operational efficiencies, AI, and Jackpocket integration.
DraftKings to buy Jackpocket for $750M; Q4 revenue $1.23B, raises 2024 guidance
Acquiring Jackpocket for $750M: ~$412.5M cash + ~$337.5M DKNG stock; subject to HSR, regulatory approvals, and 80% employee retention.
DraftKings Q3 revenue $790M (+57% YoY); raises FY2023 revenue guidance midpoint to $3.695B
Net loss $283M ($0.61 per share) vs $450M loss YoY; Adjusted EBITDA loss improved to $94M.
DraftKings Q2 revenue $875M (+88% YoY), first positive Adj. EBITDA; raises FY23 guidance
Revenue $875M (+88% YoY); net loss $77.3M ($0.17 EPS) vs $217.1M ($0.50) year ago.
DraftKings Q1 revenue $770M (+84% YoY), raises FY23 revenue midpoint to $3.185B
Revenue $770M (+84% YoY), driven by customer acquisition, higher hold, lower promo intensity.
DraftKings Q4 revenue $855M (+81% YoY); raises FY2023 revenue midpoint to $2.95B, EBITDA to ($400)M
Q4 revenue $855M vs $473M YoY (+81%); net loss $(0.53) per share.
DraftKings Q3 revenue up 136% to $502M; raises FY22 guidance, introduces FY23 outlook
Q3 revenue $502M (+136% YoY); B2C segment $493M (+161% YoY).
DraftKings Q2 revenue $466M (+57% YoY), beats guidance; raises FY2022 outlook
Revenue $466M (+57% YoY); B2C revenue $455M (+68% YoY); exceeded Q2 guidance midpoint by >$30M.
DraftKings Q1 rev $417M (+34% YoY); raises FY22 rev & EBITDA guidance
Revenue $417M (+34% YoY); B2C segment rev $404M (+44% YoY).
DraftKings closes merger with Golden Nugget Online Gaming on May 5, 2022
Each GNOG share exchanged for 0.365 shares of new DraftKings Class A common stock; Old DraftKings shares converted 1-for-1.
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.
appointed Alan Ellingson, the Company's Senior Vice President, Finance and Analytics, as the Company's Chief Financial Officer, principal financial officer and principal accounting officer, effective as of May 1, 2024
transition from Mr. Park's current role as the Company's Chief Financial Officer to the role of the Company's Chief Transformation Officer, effective May 1, 2024
Effective as of Mr. Bradbury’s departure, Jason Park, the Company’s Chief Financial Officer and principal financial officer, will serve as the Company’s principal accounting officer in addition to his current role as Chief Financial Officer and principal financial officer.
On August 10, 2023, Erik Bradbury, DraftKings Inc.’s (“DraftKings” or the “Company”) Chief Accounting Officer and principal accounting officer, announced his intent to leave the Company, effective September 8, 2023.
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
each of Jason D. Robins, Harry Evans Sloan, Matthew Kalish, Woodrow H. Levin, Shalom Meckenzie, Jocelyn Moore, Ryan R. Moore, Valerie Mosley, Steven J. Murray, and Marni M. Walden, which, together with Paul Liberman, served on the board of directors of Old DraftKings immediately prior to the Merger Effective Times, were appointed to the Board
Max materiality 0.90 · Median 0.75 · Most common event earnings