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)
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