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DraftKings | 10-Q: Q3 2024 Earnings Report

DraftKings | 10-Q: Q3 2024 Earnings Report

DraftKings | 10-Q：2024财年三季报
美股SEC公告 ·  2024/11/08 20:05

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DraftKings reported strong Q3 2024 financial results with revenue increasing 39% year-over-year to $1.1 billion, driven by healthy customer engagement and expansion into new jurisdictions. Monthly Unique Payers grew 55% to 3.7 million, though Average Revenue per MUP decreased 10% to $103 due to the Jackpocket acquisition impact. The company posted a net loss of $294 million compared to $283 million in Q3 2023.Cost of revenue rose 37% to $742 million but improved as a percentage of revenue to 67.8% from 68.8% last year, reflecting better Sportsbook hold rates and promotional efficiency. Sales and marketing expenses increased 9% to $340 million, while general and administrative costs jumped 59% to $208 million, partly due to one-time charges including $28 million for discontinuing the Reignmakers product.The company maintained a strong liquidity position with $878 million in cash and equivalents. In July 2024, the Board authorized a $1 billion share repurchase program. DraftKings also secured a new $500 million revolving credit facility in November 2024, replacing its previous $125 million facility, demonstrating continued access to capital markets.
DraftKings reported strong Q3 2024 financial results with revenue increasing 39% year-over-year to $1.1 billion, driven by healthy customer engagement and expansion into new jurisdictions. Monthly Unique Payers grew 55% to 3.7 million, though Average Revenue per MUP decreased 10% to $103 due to the Jackpocket acquisition impact. The company posted a net loss of $294 million compared to $283 million in Q3 2023.Cost of revenue rose 37% to $742 million but improved as a percentage of revenue to 67.8% from 68.8% last year, reflecting better Sportsbook hold rates and promotional efficiency. Sales and marketing expenses increased 9% to $340 million, while general and administrative costs jumped 59% to $208 million, partly due to one-time charges including $28 million for discontinuing the Reignmakers product.The company maintained a strong liquidity position with $878 million in cash and equivalents. In July 2024, the Board authorized a $1 billion share repurchase program. DraftKings also secured a new $500 million revolving credit facility in November 2024, replacing its previous $125 million facility, demonstrating continued access to capital markets.
DraftKings公布了2024年第三季度的财务业绩，营业收入同比增长39%至11亿美金，这得益于健康的客户参与度和对新地区的扩展。每月独立付款用户增长了55%，达到了370万，尽管由于Jackpocket收购的影响，平均每用户收入下降了10%，降至103美金。与2023年第三季度的28300万美金相比，公司净亏损为29400万美金。营业成本增加了37%，达到了74200万美金，但作为营业收入的百分比有所改善，从去年的68.8%降低至67.8%，这反映了更好的体育博彩持有率和促销效率。销售和营销费用增加了9%，达到了34000万美金，而一般和行政费用则增长了59%，达到了20800万美金，部...展开全部
DraftKings公布了2024年第三季度的财务业绩，营业收入同比增长39%至11亿美金，这得益于健康的客户参与度和对新地区的扩展。每月独立付款用户增长了55%，达到了370万，尽管由于Jackpocket收购的影响，平均每用户收入下降了10%，降至103美金。与2023年第三季度的28300万美金相比，公司净亏损为29400万美金。营业成本增加了37%，达到了74200万美金，但作为营业收入的百分比有所改善，从去年的68.8%降低至67.8%，这反映了更好的体育博彩持有率和促销效率。销售和营销费用增加了9%，达到了34000万美金，而一般和行政费用则增长了59%，达到了20800万美金，部分原因是包括2800万美金的一次性费用，用于停止Reignmakers产品。公司保持了强劲的流动性，拥有87800万美金的现金及现金等价物。在2024年7月，董事会批准了一项10亿美金的股份回购计划。DraftKings还在2024年11月获得了一项新的50000万美金的循环信贷额度，以取代之前的12500万美金额度，显示出持续进入资本市场的能力。

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