DraftKings Inc. (DKNG)

DraftKings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,768	3,665	2,240	1,296	614.53
Revenue Growth (YoY)	30.07%	63.60%	72.87%	110.90%	90.02%
Cost of Revenue	2,951	2,292	1,484	794.16	346.59
Gross Profit	1,817	1,373	756.19	501.86	267.94
Selling, General & Admin	2,003	1,804	1,932	1,785	906.16
Research & Development	397.11	355.16	318.25	253.66	168.63
Operating Expenses	2,400	2,159	2,251	2,038	1,075
Operating Income	-582.61	-786.17	-1,494	-1,536	-806.85
Interest Expense	-2.96	-2.68	-2.65	-2.11	-1.07
Interest & Investment Income	47.26	58.42	21.35	4.07	-
Earnings From Equity Investments	-0.47	-0.72	-2.9	2.72	-0.57
Other Non Operating Income (Expenses)	-28.46	-57.77	50.1	42.02	-387.57
EBT Excluding Unusual Items	-567.24	-788.91	-1,429	-1,490	-1,196
Merger & Restructuring Charges	-26.39	-3.06	-17.32	-25.32	-36.41
Pretax Income	-593.63	-791.97	-1,446	-1,515	-1,232
Income Tax Expense	-86.34	10.17	-67.87	8.27	-0.62
Net Income	-507.29	-802.14	-1,378	-1,523	-1,232
Net Income to Common	-507.29	-802.14	-1,378	-1,523	-1,232
Shares Outstanding (Basic)	482	463	437	402	306
Shares Outstanding (Diluted)	482	463	437	402	306
Shares Change (YoY)	4.18%	5.98%	8.45%	31.71%	65.54%
EPS (Basic)	-1.05	-1.73	-3.16	-3.78	-4.03
EPS (Diluted)	-1.05	-1.73	-3.16	-3.78	-4.03
Free Cash Flow	407.59	-22.65	-657.92	-435.43	-205.91
Free Cash Flow Per Share	0.85	-0.05	-1.51	-1.08	-0.67
Gross Margin	38.11%	37.46%	33.75%	38.72%	43.60%
Operating Margin	-12.22%	-21.45%	-66.70%	-118.54%	-131.30%
Profit Margin	-10.64%	-21.88%	-61.50%	-117.53%	-200.45%
Free Cash Flow Margin	8.55%	-0.62%	-29.37%	-33.60%	-33.51%
EBITDA	-311.76	-584.25	-1,325	-1,415	-729.44
EBITDA Margin	-6.54%	-15.94%	-59.15%	-109.19%	-118.70%
D&A For EBITDA	270.85	201.92	169.25	121.14	77.41
EBIT	-582.61	-786.17	-1,494	-1,536	-806.85
EBIT Margin	-12.22%	-21.45%	-66.70%	-118.54%	-131.30%
Advertising Expenses	1,050	984.4	964.9	831.1	430.4

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q