
DraftKings Inc
NASDAQ:DKNG

Income Statement
Earnings Waterfall
DraftKings Inc
Revenue
|
4.8B
USD
|
Cost of Revenue
|
-3B
USD
|
Gross Profit
|
1.8B
USD
|
Operating Expenses
|
-2.4B
USD
|
Operating Income
|
-582.6m
USD
|
Other Expenses
|
75.3m
USD
|
Net Income
|
-507.3m
USD
|
Income Statement
DraftKings Inc
Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
323
N/A
|
344
+6%
|
357
+4%
|
423
+18%
|
615
+45%
|
838
+36%
|
1 065
+27%
|
1 145
+8%
|
1 296
+13%
|
1 401
+8%
|
1 570
+12%
|
1 859
+18%
|
2 241
+21%
|
2 593
+16%
|
3 002
+16%
|
3 290
+10%
|
3 665
+11%
|
4 071
+11%
|
4 300
+6%
|
4 606
+7%
|
4 768
+4%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(104)
|
(126)
|
(155)
|
(227)
|
(347)
|
(486)
|
(626)
|
(700)
|
(794)
|
(924)
|
(1 050)
|
(1 252)
|
(1 484)
|
(1 693)
|
(1 890)
|
(2 061)
|
(2 292)
|
(2 481)
|
(2 634)
|
(2 833)
|
(2 951)
|
|
Gross Profit |
220
N/A
|
218
-1%
|
202
-7%
|
197
-3%
|
268
+36%
|
352
+31%
|
439
+25%
|
445
+1%
|
502
+13%
|
477
-5%
|
519
+9%
|
607
+17%
|
756
+25%
|
900
+19%
|
1 111
+23%
|
1 229
+11%
|
1 373
+12%
|
1 590
+16%
|
1 667
+5%
|
1 773
+6%
|
1 817
+2%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(366)
|
(401)
|
(517)
|
(803)
|
(1 111)
|
(1 454)
|
(1 702)
|
(1 906)
|
(2 063)
|
(2 229)
|
(2 259)
|
(2 255)
|
(2 268)
|
(2 286)
|
(2 258)
|
(2 206)
|
(2 159)
|
(2 122)
|
(2 143)
|
(2 261)
|
(2 400)
|
|
Selling, General & Administrative |
(310)
|
(340)
|
(437)
|
(685)
|
(943)
|
(1 247)
|
(1 463)
|
(1 656)
|
(1 810)
|
(1 950)
|
(1 966)
|
(1 951)
|
(1 950)
|
(1 961)
|
(1 920)
|
(1 856)
|
(1 804)
|
(1 766)
|
(1 784)
|
(1 887)
|
(2 003)
|
|
Research & Development |
(56)
|
(61)
|
(79)
|
(119)
|
(169)
|
(207)
|
(239)
|
(250)
|
(254)
|
(279)
|
(293)
|
(305)
|
(318)
|
(325)
|
(338)
|
(350)
|
(355)
|
(356)
|
(359)
|
(373)
|
(397)
|
|
Operating Income |
(147)
N/A
|
(182)
-25%
|
(314)
-72%
|
(607)
-93%
|
(843)
-39%
|
(1 102)
-31%
|
(1 263)
-15%
|
(1 461)
-16%
|
(1 562)
-7%
|
(1 753)
-12%
|
(1 740)
+1%
|
(1 648)
+5%
|
(1 512)
+8%
|
(1 386)
+8%
|
(1 146)
+17%
|
(978)
+15%
|
(786)
+20%
|
(531)
+32%
|
(476)
+10%
|
(487)
-2%
|
(583)
-20%
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
4
|
1
|
0
|
1
|
(1)
|
2
|
5
|
2
|
14
|
13
|
13
|
21
|
19
|
30
|
40
|
48
|
56
|
59
|
60
|
54
|
44
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(7)
|
(25)
|
(26)
|
(26)
|
|
Total Other Income |
0
|
0
|
(363)
|
(411)
|
(388)
|
(415)
|
(34)
|
21
|
30
|
108
|
99
|
94
|
50
|
(18)
|
(46)
|
(57)
|
(58)
|
(60)
|
(30)
|
(26)
|
(28)
|
|
Pre-Tax Income |
(142)
N/A
|
(181)
-27%
|
(677)
-274%
|
(1 017)
-50%
|
(1 232)
-21%
|
(1 514)
-23%
|
(1 293)
+15%
|
(1 438)
-11%
|
(1 518)
-6%
|
(1 632)
-8%
|
(1 627)
+0%
|
(1 533)
+6%
|
(1 443)
+6%
|
(1 374)
+5%
|
(1 152)
+16%
|
(986)
+14%
|
(791)
+20%
|
(539)
+32%
|
(472)
+12%
|
(485)
-3%
|
(593)
-22%
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
(0)
|
0
|
(0)
|
(0)
|
1
|
5
|
3
|
(1)
|
(8)
|
(13)
|
70
|
71
|
68
|
67
|
(15)
|
(13)
|
(10)
|
(9)
|
66
|
68
|
86
|
|
Income from Continuing Operations |
(142)
|
(181)
|
(678)
|
(1 018)
|
(1 231)
|
(1 509)
|
(1 290)
|
(1 439)
|
(1 526)
|
(1 645)
|
(1 557)
|
(1 462)
|
(1 375)
|
(1 307)
|
(1 167)
|
(999)
|
(801)
|
(547)
|
(406)
|
(417)
|
(507)
|
|
Equity Earnings Affiliates |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
3
|
1
|
1
|
1
|
(3)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Net Income (Common) |
(143)
N/A
|
(182)
-27%
|
(679)
-273%
|
(1 018)
-50%
|
(1 232)
-21%
|
(1 510)
-23%
|
(1 290)
+15%
|
(1 440)
-12%
|
(1 523)
-6%
|
(1 645)
-8%
|
(1 556)
+5%
|
(1 462)
+6%
|
(1 378)
+6%
|
(1 307)
+5%
|
(1 168)
+11%
|
(1 000)
+14%
|
(802)
+20%
|
(548)
+32%
|
(406)
+26%
|
(417)
-3%
|
(507)
-22%
|
|
EPS (Diluted) |
-0.36
N/A
|
-0.98
-172%
|
-2.32
-137%
|
-2.86
-23%
|
-4.03
-41%
|
-3.79
+6%
|
-3.21
+15%
|
-3.56
-11%
|
-3.78
-6%
|
-4
-6%
|
-3.56
+11%
|
-3.26
+8%
|
-3.16
+3%
|
-2.87
+9%
|
-2.52
+12%
|
-2.15
+15%
|
-1.73
+20%
|
-1.15
+34%
|
-0.78
+32%
|
-0.88
-13%
|
-1.05
-19%
|