DraftKings Inc (0ABA.L)

Consumer Cyclical | Gambling Resorts Casinos
Income Statement (Quarterly) 2025-06-30 2025-03-31 2024-12-31 2024-09-30
Revenue 1,512,507,000 1,408,806,000 1,392,772,000 1,095,490,000
Cost of Revenue 854,559,000 843,803,000 834,644,000 742,434,000
Gross Profit 657,948,000 565,003,000 558,128,000 353,056,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 398,887,000 508,074,000 585,244,000 548,069,000
Operating Expenses 507,304,000 611,334,000 697,307,000 651,650,000
Operating Income 150,644,000 -46,331,000 -139,179,000 -298,594,000
Interest Expense 11,640,000 5,094,000 760,000 872,000
Income Before Tax 169,726,000 -39,419,000 -145,535,000 -294,865,000
Income Tax Expense 11,790,000 -5,600,000 -11,133,000 -1,287,000
Net Income 157,936,000 -33,864,000 -134,851,000 -293,688,000
Per Share
EPS 0.32 -0.07 -0.28 -0.60
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31
Revenue 4,767,699,000 3,665,393,000 2,240,461,000
Cost of Revenue 2,950,561,000 2,292,175,000 1,484,273,000
Gross Profit 1,817,138,000 1,373,218,000 756,188,000
Operating Expenses
R&D Expenses 0 0 0
SG&A Expenses 2,029,023,000 1,804,227,000 1,949,697,000
Operating Expenses 2,426,137,000 2,162,443,000 2,267,944,000
Operating Income -608,999,000 -789,225,000 -1,511,756,000
Interest Expense 2,959,000 2,679,000 0
Income Before Tax -593,158,000 -791,253,000 -1,442,958,000
Income Tax Expense -86,341,000 10,170,000 -67,866,000
Net Income -507,285,000 -802,142,000 -1,377,987,000
Per Share
EPS -1.05 -1.73 -3.16
EPS Diluted 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31
Assets
Cash and Cash Equivalents 788,287,000 1,270,503,000 1,309,172,000
Short Term Investments 0 0 0
Net Receivables 120,381,000 349,309,000 211,180,000
Inventory 0 0 1
Total Current Assets 1,533,761,000 2,071,367,000 2,084,841,000
Property Plant Equipment 125,467,000 154,680,000 126,059,000
Goodwill and Intangibles 2,488,237,000 1,576,993,000 1,663,307,000
Total Assets 4,283,725,000 3,944,866,000 4,040,152,000
Liabilities
Account Payables 53,662,000 34,127,000 10,148,000
Short Term Debt 10,993,000 11,499,000 4,253,000
Total Current Liabilities 1,654,991,000 1,549,620,000 1,246,457,000
Long Term Debt 1,324,089,000 1,334,587,000 1,251,103,000
Total Liabilities 3,273,099,000 3,104,560,000 2,717,459,000
Shareholders Equity
Retained Earnings -6,441,228,000 -5,933,943,000 -5,131,801,000
Total Shareholders Equity 1,010,626,000 840,306,000 1,322,693,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31
Assets
Cash and Cash Equivalents 788,287,000 1,270,503,000 1,309,172,000
Short Term Investments 0 0 0
Net Receivables 120,381,000 349,309,000 211,180,000
Inventory 0 0 1
Total Current Assets 1,533,761,000 2,071,367,000 2,084,841,000
Property Plant Equipment 125,467,000 154,680,000 126,059,000
Goodwill and Intangibles 2,488,237,000 1,576,993,000 1,663,307,000
Total Assets 4,283,725,000 3,944,866,000 4,040,152,000
Liabilities
Account Payables 53,662,000 34,127,000 10,148,000
Short Term Debt 10,993,000 11,499,000 4,253,000
Total Current Liabilities 1,654,991,000 1,549,620,000 1,246,457,000
Long Term Debt 1,324,089,000 1,334,587,000 1,251,103,000
Total Liabilities 3,273,099,000 3,104,560,000 2,717,459,000
Shareholders Equity
Retained Earnings -6,441,228,000 -5,933,943,000 -5,131,801,000
Total Shareholders Equity 1,010,626,000 840,306,000 1,322,693,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31
Operating Activities
Net Income -507,285,000 -802,142,000 -1,377,987,000
Depreciation & Amortization 270,854,000 201,920,000 169,252,000
Stock Based Compensation 381,367,000 398,463,000 578,799,000
Change in Working Capital 335,081,000 134,882,000 121,722,000
Operating Cash Flow 417,767,000 -1,751,000 -625,519,000
Investing Activities
Capital Expenditure -10,176,000 -113,385,000 -103,645,000
Investments -10,176,000 -20,902,000 -103,645,000
Investing Cash Flow -566,601,000 -90,360,000 -208,766,000
Financing Activities
Debt Repayment 0 0 0
Common Stock Issued/Repurchased -150,964,000 -80,049,000 -16,732,000
Dividends Paid 0 0 0
Financing Cash Flow -144,466,000 -63,221,000 -16,732,000
Summary
Free Cash Flow 407,591,000 -115,136,000 -729,164,000
Net Change in Cash -293,300,000 -155,332,000 -843,720,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31
Operating Activities
Net Income -507,285,000 -802,142,000 -1,377,987,000
Depreciation & Amortization 270,854,000 201,920,000 169,252,000
Stock Based Compensation 381,367,000 398,463,000 578,799,000
Change in Working Capital 335,081,000 134,882,000 121,722,000
Operating Cash Flow 417,767,000 -1,751,000 -625,519,000
Investing Activities
Capital Expenditure -10,176,000 -113,385,000 -103,645,000
Investments -10,176,000 -20,902,000 -103,645,000
Investing Cash Flow -566,601,000 -90,360,000 -208,766,000
Financing Activities
Debt Repayment 0 0 0
Common Stock Issued/Repurchased -150,964,000 -80,049,000 -16,732,000
Dividends Paid 0 0 0
Financing Cash Flow -144,466,000 -63,221,000 -16,732,000
Summary
Free Cash Flow 407,591,000 -115,136,000 -729,164,000
Net Change in Cash -293,300,000 -155,332,000 -843,720,000