Earnings Releases·Nov 6, 2026, 6:50 AM ET

DraftKings — Third Quarter 2026 Earnings Summary

Total revenue for Q3 2026 rose 16% year-over-year to $1,329 million, driven by a 31.5% increase in sports revenue, though net loss widened to $469 million from $257 million in the prior year period.
Fiscal 2026 revenue guidance was raised to $6.35–$6.55 billion, while Adjusted EBITDA guidance was lowered to $175–$275 million to reflect a $650–$700 million investment in the Predictions business.
New guidance for Fiscal 2027 projects revenue of $7.35–$7.75 billion and Adjusted EBITDA of $800 million–$1.0 billion, with core business Adjusted EBITDA expected to reach $1.15–$1.25 billion.
Capital return and balance sheet activity included $300 million in convertible note repurchases and $154 million in treasury stock purchases during the first nine months of 2026, alongside a $688 million net increase in Term B Loans.