How much money does DraftKings make a year?

Remember, to make money, companies need to spend on marketing. DraftKings spent $981 million on marketing and sales in 2021, nearly double the spending of the previous year. FanDuel spent a billion in six months. For 2021, DraftKings reported $1.296 billion in revenue, while FanDuel reported $1.9 billion.

Where do the financials for DraftKings Inc (dkng) come from?

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual ( 10-K) and quarterly ( 10-Q) reports submitted to the Securities and Exchange Commission (SEC). Detailed annual and quarterly income statement for DraftKings Inc. (DKNG). See many years of revenue, expenses and profits or losses.

Can DraftKings make a profit?

Since going public, DraftKings has demonstrated an impressive ability to grow revenue, from just $71 million Q2 2020 to $855 million in the most recent quarter. Management uses adjusted EBITDA as its preferred profitability metric for earnings calls and thus far, the company has been unable to produce a profit.