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  "documentTitle": "DraftKings | Results Presentation Deck | 14 slides",
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  "authorName": "DraftKings",
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  "presentationDate": "2023-05-01 00:00:00",
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      "kind": "list",
      "text": "1. Q1 results exceeded expectations; revenue of $770M increased 84% YoY and Adjusted EBITDA(1) of ($222M) improved by $68M YoY\n2. Raising FY 2023 revenue guidance midpoint by 8% to $3,185M and FY 2023 Adjusted EBITDA(1) guidance midpoint by $85M to ($315M)\n3. Expect Q2 2023 Adjusted EBITDA(1) to be approximately break-even and expect Q4 2023 Adjusted EBITDA(1) to be nearly $150M\n4. Launched mobile sports betting in Ohio and Massachusetts during Q1; have acquired 7% of adult population in Ohio and 6% of adult population in Massachusetts to-date\n5. $1.1B of cash as of 3/31/23 and expect to have more than $800M on 12/31/23; continue to expect positive Adjusted EBITDA(1) in FY 2024",
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      "text": "(1) Adjusted EBITDA is a non-GAAP financial measure. For a reconciliation to its most directly comparable financial measure calculated in accordance with GAAP, net income (loss), please refer to the appendix of this presentation.",
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      "kind": "title",
      "text": "Q1 and Current Business Highlights",
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