DraftKings Results Presentation Deck
Business Update
1
2
3
4
5
Q4 revenue was $855M and Q4 Adjusted EBITDA(¹) was ($50M) or approximately $25M
when adjusting out launches in Maryland and Ohio
Raising FY 2023 revenue guidance midpoint to $2,950M and FY 2023 Adjusted EBITDA(1)
guidance midpoint by $125M due to strong topline results, increased marketing
efficiency, and focus on expense management
18 of 19 states were contribution profit(¹) positive for Q4 and 11 states were
contribution profit (¹) positive for FY 2022; contribution profit(1) expected to grow from
$105M in FY 2022 to >$500M in FY 2023
Fixed expense growth is expected to slow meaningfully in FY 2023 and decelerate
further in FY 2024
$1.3B of cash as of 12/31/22 and expect to have >$700M on 12/31/23; expect positive
Adjusted EBITDA(¹) in FY 2024
(1) Non-GAAP financial measure. See slides 12-13 in the Appendix of this presentation for reconciliation.
| 3View entire presentation