DKNG — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-08

• •our ability to develop and market new offerings, including prediction markets;

• •our ability to effectively compete in the global sports and gaming and emerging prediction markets industries;

• (1)Adjusted EBITDA is a non-GAAP financial measure. See “—Non-GAAP Information” below for additional information about this measure and a reconciliation of this measure to the most directly comparable financial measure calculated in accordance with U.S. GAAP.

• (2)Adjusted Diluted Earnings (Loss) Per Share is a non-GAAP financial measure. See “—Non-GAAP Information” below for additional information about this measure and a reconciliation of this measure to the most directly comparable financial measure calculated in accordance with U.S. GAAP.

• Revenue increased by $237.3 million in the three months ended March 31, 2026, compared to the three months ended March 31, 2025, primarily due to the strong performance of our Sportsbook and iGaming offerings as a result of continued healthy user engagement, efficient acquisition of new customers an…

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• •our ability to effectively compete in the global entertainment and gaming industries;

• Three Months Ended September 30,Nine Months Ended September 30,

• (amounts in thousands, except per share amounts)2025202420252024

• (1)Adjusted EBITDA is a non-GAAP financial measure. See “Non-GAAP Information” below for additional information about this measure and a reconciliation of this measure to the most directly comparable financial measure calculated in accordance with U.S. GAAP.

• (2)Adjusted Earnings (Loss) Per Share is a non-GAAP financial measure. See “Non-GAAP Information” below for additional information about this measure and a reconciliation of this measure to the most directly comparable financial measure calculated in accordance with U.S. GAAP.

Text added vs the prior filing · source: 10-Q · 2026-05-08

• On March 3, 2026, our Chief Legal Officer, R. Stanton Dodge, entered into a trading arrangement designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act (the “Dodge 10b5-1 Plan”). The Dodge 10b5-1 Plan provides for the sale of up to 1,500,000 shares of the Company…

• On March 4, 2026, our Chief Executive Officer and a member of our Board of Directors, Jason Robins, entered into a prepaid variable forward sale contract with an unaffiliated third-party buyer, which may constitute a non-Rule 10b5-1 trading arrangement (the “Robins PVF Contract”). The Robins PVF Con…

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• Securities Trading Plans of Directors and Executive Officers

• On September 9, 2025, Matthew Kalish, our President, DraftKings North America and a member of our Board of Directors, entered into a trading agreement designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange act (the “Kalish 10b5-1 Plan”). The Kalish 10b5-1 Plan provi…

• On November 6, 2025, Mr. Kalish and the Company mutually agreed that Mr. Kalish will transition out of his role as President, DraftKings North America, effective as of March 31, 2026 (the “Transition Date”). In connection with Mr. Kalish’s transition, the Company entered into a Transition Agreement …

• In recognition of, among other things, Mr. Kalish’s 14 years of service as a co-founder of the Company, subject to the terms and conditions of the Transition Agreement, (i) the performance-based restricted stock units (“PSUs”) that were granted in November 2022 and February 2023 with respect to perf…

• Pursuant to the Transition Agreement, Mr. Kalish will receive continued security services and payment of COBRA premiums until March 31, 2027. He also will receive director compensation in connection with his continued service on the Board of Directors.