Key Highlights: Revenue Growth: DraftKings reported significant revenue growth, reaching $1,095.49 million for Q3 2024, a 38.7% increase compared to Q3 2023. This trend continued for the nine months ended September 30, with a 38.6% rise to $3,374.927 million. Net Loss Reduction: Despite the ongoing investments in expansion and user acquisition, DraftKings significantly reduced its net loss for the nine months ended September 30, 2024, by 50.8% compared to the same period in 2023, reaching $(372.434) million. Adjusted EBITDA Improvement: DraftKings demonstrated progress towards profitability, achieving positive Adjusted EBITDA of $91.853 million for the nine months ended September 30, 2024, a significant improvement from the $(302.053) million loss in the same period of 2023. User Growth: The company saw a robust increase in Monthly Unique Payers (MUPs), reaching an average of 3.6 million for Q3 2024, largely driven by strong user retention, new acquisitions, and the impact of the Jackpocket acquisition. Expansion Initiatives: DraftKings continued its expansion strategy, launching its Sportsbook product in new jurisdictions and expanding its iGaming offerings. The company remains committed to investing in product development and market entry to establish a strong presence across various gaming verticals. Legal Matters: DraftKings is involved in several legal proceedings, primarily patent infringement lawsuits related to its Sportsbook and Daily Fantasy Sports products. The company is vigorously defending itself and believes the outcomes, while potentially impacting operating results for specific periods, are unlikely to have a material adverse effect on its overall financial condition. Share Repurchase Program: In July 2024, the Board authorized a $1 billion stock repurchase program, signaling confidence in the company's long-term prospects.