DraftKings Results Presentation Deck slide image

DraftKings Results Presentation Deck

Increasing FY 2023 Guidance Due to Continued Focus on Expense Management While Simultaneously Driving Revenue Growth 2 3 Updated 2023 Guidance vs. Prior 2023 Guidance $ Millions Revenue Adjusted EBITDA(¹) FY 2023 Guidance Provided 11/4/2022 $2,900 ($525) Better Customer Retention & Monetization (Including Promotions) $50 (1) Non-GAAP financial measure. See slides 12-13 in the Appendix of this presentation for reconciliation. $25 Increasing revenue guidance due to strong retention and monetization trends External Marketing Efficiency ΝΑ $50 Lower Compensation & Related Expenses ΝΑ $50 FY 2023 Guidance Provided 2/16/2023 $2,950 ($400) National marketing scale continues to surface efficiency opportunities including not renewing certain team, league, and media deals Slowing compensation expense growth with a renewed focus on increasing productivity of existing employees, rather than adding new employees Reducing certain corporate expenses proportional to headcount expectations (e.g., travel and entertainment, corporate software) | 5
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