DraftKings Results Presentation Deck
Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses
GAAP to Non-GAAP Operating Expense Reconciliation
$ Millions
GAAP Operating Expenses
Cost of Revenue
Sales and Marketing
General and Administrative
Product and Technology
Total GAAP Operating Expenses
Non-GAAP Operating Expense Adjustments
Cost of Revenue
Sales and Marketing
General and Administrative
Product and Technology
Total Adjustments
Adjusted Operating Expenses
Cost of Revenue
Sales and Marketing
General and Administrative
Product and Technology
Total Adjusted Operating Expenses
Totals may not sum due to rounding.
(a)
OOO OOOTEE
(d)
(a)
(d)
(a)
(c)
(d)
(a)
31-Mar-23
$522
$389
$160
$88
$1,159
($1)
($30)
($14)
($11)
($1)
($78)
$0
($2)
($3)
$0
($28)
($2)
($168)
$477
$378
$78
$58
$991
31-Dec-22
$485
$345
$173
$83
$1,087
($1)
($30)
($14)
($17)
($1)
($92)
($2)
($2)
($1)
$0
($20)
($2)
($182)
$440
$327
$77
$61
$905
30-Sep-22
$373
$322
$186
$76
$957
($1)
($30)
($12)
($10)
($1)
($92)
($1)
($2)
($1)
($17)
($23)
($1)
($191)
$330
$311
$74
$52
$766
30-Jun-22
$313
$198
$188
$77
$775
($1)
($27)
($10)
($12)
($1)
($98)
($11)
($2)
($2)
$0
($24)
($3)
($191)
$275
$185
$75
$50
$584
31-Mar-22
$313
$321
$217
$81
$933
($1)
($19)
($9)
($14)
($1)
($144)
($4)
($2)
($2)
($1)
($28)
($2)
($226)
$284
$307
$64
$52
$707
(a) Stock-based compensation
expense
(b) Amortization of acquired
intangible assets
(c) Transaction expenses
(d) Depreciation & amortization
(e) Litigation
(f) Other
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