DraftKings Results Presentation Deck
Raising FY 2023 Guidance Midpoint by 10% for Revenue and $110M for Adjusted EBITDA(¹)
Updated FY 2023 Guidance vs. Prior FY 2023 Guidance
$ Millions
Revenue
Adjusted
EBITDA (¹)
May 4th
FY 2023 Guidance(2)
$3,185
($315)
Stronger Customer
Retention &
Engagement
(Including
Promotions)
$225
$100
Higher OSB Hold
due to Structural
Improvement
$40
$30
Higher OSB Hold
due to Favorable Q2
Sport Outcomes
$30
$20
Anticipated
Launch of OSB in
Kentucky (3)
$20
($30)
(1) Adjusted EBITDA is a non-GAAP financial measure. For a reconciliation to its most directly comparable financial measure calculated in accordance with GAAP, net income (loss), please refer to the appendix of this presentation.
(2) Reflects the midpoints of FY 2023 guidance that DraftKings provided on May 4th, 2023.
(3) Pending licensure and regulatory approvals.
(4) Reflects the midpoints of FY 2023 guidance that DraftKings provided on August 3rd, 2023.
Ohio OSB Tax
Rate Change
$0
($10)
August 3rd
FY 2023 Guidance (4)
$3,500
($205)
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