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DraftKings | 10-Q: Q2 2024 Earnings Report

DraftKings | 10-Q: Q2 2024 Earnings Report

DraftKings | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/02 11:24

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DraftKings reported strong Q2 2024 financial results with revenue increasing 26.2% year-over-year to $1.1 billion, driven by healthy customer engagement and expansion into new jurisdictions. The company achieved its first quarterly profit of $63.8 million, compared to a $77.3 million loss in Q2 2023, benefiting from a $75.8 million tax benefit and improved operational efficiency.Monthly Unique Payers grew 50% year-over-year, reflecting strong user retention and acquisition across Sportsbook and iGaming offerings, as well as the impact of the Jackpocket acquisition completed in May 2024. Average Revenue Per Monthly Unique Payer decreased 15% due to lower revenue from Jackpocket customers and increased promotional investments, partially offset by structural improvements in Sportsbook hold percentage.The company continues to expand its market presence, now operating Sportsbook in 25 jurisdictions and iGaming in 6 jurisdictions. Looking ahead, DraftKings announced a $1 billion stock repurchase program and discontinued its Reignmakers and NFT Marketplace operations. The company maintains a strong liquidity position with $815.9 million in cash and cash equivalents as of quarter-end.
DraftKings reported strong Q2 2024 financial results with revenue increasing 26.2% year-over-year to $1.1 billion, driven by healthy customer engagement and expansion into new jurisdictions. The company achieved its first quarterly profit of $63.8 million, compared to a $77.3 million loss in Q2 2023, benefiting from a $75.8 million tax benefit and improved operational efficiency.Monthly Unique Payers grew 50% year-over-year, reflecting strong user retention and acquisition across Sportsbook and iGaming offerings, as well as the impact of the Jackpocket acquisition completed in May 2024. Average Revenue Per Monthly Unique Payer decreased 15% due to lower revenue from Jackpocket customers and increased promotional investments, partially offset by structural improvements in Sportsbook hold percentage.The company continues to expand its market presence, now operating Sportsbook in 25 jurisdictions and iGaming in 6 jurisdictions. Looking ahead, DraftKings announced a $1 billion stock repurchase program and discontinued its Reignmakers and NFT Marketplace operations. The company maintains a strong liquidity position with $815.9 million in cash and cash equivalents as of quarter-end.
DraftKings公布了2024年第二季度强劲的财务业绩,营业收入同比增长26.2%,达到11亿美金,得益于健康的客户参与度和进入新市场的扩展。公司实现了首个季度利润6380万美金,而在2023年第二季度则亏损7730万美金,受益于7580万美金的税收优惠和改善的运营效率。每月独特用户支付者同比增长50%,反映了体育博彩和在线博彩产品的强劲用户保留和获取,以及2024年5月完成的Jackpocket收购的影响。每月独特用户支付者的平均收入因Jackpocket客户的收入减少和增加的促销投资而下降15%,部分受到体育博彩持有百分比结构性改善的抵消。公司继续扩展市场影响力,目前在25个司法管辖区运营体育博彩,在6个司法管辖区运营在线博彩。展望未来,DraftKings宣布了一个10亿美金的股票回购计划,并停用了Reignmakers和NFT市场业务。截止季度末,公司保持强劲的流动性,现金及现金等价物为81590万美金。
DraftKings公布了2024年第二季度强劲的财务业绩,营业收入同比增长26.2%,达到11亿美金,得益于健康的客户参与度和进入新市场的扩展。公司实现了首个季度利润6380万美金,而在2023年第二季度则亏损7730万美金,受益于7580万美金的税收优惠和改善的运营效率。每月独特用户支付者同比增长50%,反映了体育博彩和在线博彩产品的强劲用户保留和获取,以及2024年5月完成的Jackpocket收购的影响。每月独特用户支付者的平均收入因Jackpocket客户的收入减少和增加的促销投资而下降15%,部分受到体育博彩持有百分比结构性改善的抵消。公司继续扩展市场影响力,目前在25个司法管辖区运营体育博彩,在6个司法管辖区运营在线博彩。展望未来,DraftKings宣布了一个10亿美金的股票回购计划,并停用了Reignmakers和NFT市场业务。截止季度末,公司保持强劲的流动性,现金及现金等价物为81590万美金。
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