Every material Form 8-K DraftKings Inc. has filed with the SEC since August 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
DraftKings' Audit Committee dismissed BDO USA as its independent auditor and appointed Deloitte & Touche LLP for fiscal 2027, subject to Deloitte's client acceptance procedures. The filing states BDO's reports for 2024 and 2025 contained no adverse opinion, disclaimer, or qualification, and reports no disagreements or reportable events in that period, which is a routine auditor transition.
BDO USA dismissal takes effect after the audit of fiscal 2026 and the filing of the 2026 Form 10-K.
Deloitte & Touche LLP appointed for the fiscal year ending December 31, 2027; engagement letter executed September 25, 2026.
BDO's 2024 and 2025 audit reports had no adverse opinion, disclaimer, or modification.
BDO's letter to the SEC, dated September 25, 2026, is filed as Exhibit 16.1.
DraftKings closed a second amendment to its credit agreement on August 25, 2026, adding a $700 million Term Loan B due 2033 and a $750 million revolving credit facility maturing in 2031. The revolver replaces an existing $500 million facility scheduled to mature in November 2029. The company plans to use the term loan proceeds to repurchase part of its 0% convertible notes due 2028, subject to market conditions, and for general corporate purposes.
Term Loan B of $700 million, up from the previously announced $600 million, due August 2033, priced at Term SOFR plus 2.00% and offered at 99.50% of par
New $750 million revolving credit facility maturing August 25, 2031, replacing the $500 million facility due 2029
Planned use of term loan proceeds: repurchases of part of the 0% Convertible Senior Notes due 2028, subject to availability and market conditions
DraftKings reported second quarter 2026 revenue of $1,443 million, down 5% from a year earlier, and a net loss of $67.6 million, compared with net income of $157.9 million in the same quarter of 2025. The company said the revenue decline reflected customer-friendly sport outcomes and higher promotional spending, and it kept its full-year 2026 revenue and Adjusted EBITDA guidance unchanged.
Revenue was $1,443 million, down $69 million or 5% from $1,513 million in Q2 2025.
Net loss was $67.6 million, or $0.14 per diluted share, versus net income of $157.9 million, or $0.30 per diluted share, a year earlier.
Adjusted EBITDA was $114.6 million, compared with $300.6 million in Q2 2025.
Fiscal 2026 guidance was maintained: revenue of $6.5 billion to $6.9 billion and Adjusted EBITDA of $700 million to $900 million.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every DraftKings Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →