Description
Overview of DraftKings Inc Q3FY24 Report
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q3FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q3FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the report for the Q3FY24 with reports for previous quarters up to the Q3FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- DK - DraftKings Inc;
- QoQ - Quarter-over-Quarter;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- DraftKids Inc Q3FY24 Report Period is from July 1 to September 30, 2024.
Short Insights
- The Revenue was 1,095.490 million USD, a decrease of 0.81%, compared to 1,104.441 million USD in Q2FY24;
- Loss from operations was (298.594) million USD, an increase of 4.19%, compared to (286.586) million USD in Q3FY23;
- Earnings (Loss) Per Share were (0.60) USD compared to (0.61) USD in Q3FY23;
- On May 22, 2024, DraftKings completed its buyout of Jackpocket. Jackpocket stockholders received 450.924 million USD of cash consideration and 320.783 million USD of equity consideration.
