{
  "docId": "019de077-2aca-735b-8cae-a60941b74c1c",
  "docSlug": "7627b8a03394af65136a5c6ea42d87e0",
  "documentTitle": "DraftKings | Results Presentation Deck | 17 slides",
  "authorId": "draftkings",
  "authorName": "DraftKings",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 3,
  "pageCount": 17,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "key_takeaways",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 8,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-2aca-735b-8cae-a60941b74c1c/3",
  "deckHref": "/decks/019de077-2aca-735b-8cae-a60941b74c1c",
  "deckJsonHref": "/decks/019de077-2aca-735b-8cae-a60941b74c1c.json",
  "deckAnchorHref": "/decks/019de077-2aca-735b-8cae-a60941b74c1c#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.86
      },
      "kind": "disclaimer",
      "text": "(1) Customer acquisition cost (CAC) is defined as external marketing spend divided by new customers... (2) Reflects the midpoint FY 2024 revenue... (3) Adjusted EBITDA is a non-GAAP financial measure... (4) A high tax state is defined... (5) DraftKings provided guidance...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5ccd5f1e-6209-4f66-8342-d656aba7f834",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.68,
        "w": 0.84,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "list",
      "text": "1. Achieving strong and efficient new customer acquisition; Q2 new customers increased nearly 80% YoY while CAC(1) declined more than 40% YoY\n2. Raising(2) FY 2024 revenue guidance midpoint from $4.9B to $5.15B, implying YoY growth of 41%; revising(2) Adj. EBITDA(3) guidance midpoint from $500M to $380M\n3. Implementing a gaming tax surcharge in high tax states(4) beginning 1/1/25, which could add Adj. EBITDA(3) upside in 2025 and beyond\n4. Continuing(5) to expect FY 2025 Adj. EBITDA(3) in the range of $900M to $1.0B due to our underlying business momentum (and excluding the gaming tax surcharge)\n5. Announcing that our Board authorized the repurchase of up to $1.0B of our common stock, reflecting our conviction in the strong trajectory of our business",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7cd44da0-53f8-4be5-a8c6-7ae95d444ff1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.4,
        "x": 0.05,
        "y": 0.04
      },
      "kind": "title",
      "text": "Q2 and current business highlights",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "827568cb-ae52-4c78-86fb-298bcf74706b",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 3,
      "from": 3,
      "beatId": "17a2353e-b120-439e-ae41-3c0a72f8a960",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Interest",
      "beatSlug": "aida-interest",
      "evidence": "Key takeaways and business highlights generate interest in the company's performance",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}