DraftKings Reports Third Quarter Revenue Growth of 16%
Key Highlights
- ➤Q3 revenue $1.329B, up 16% year-over-year
- ➤FY2027 revenue guidance $7.35B-$7.75B, Adjusted EBITDA $800M-$1.0B
- ➤FY2026 Adjusted EBITDA guidance cut to $175M-$275M amid Predictions investment
- ➤Predictions attracted more than 1.6 million customers year-to-date
- ➤Q3 Adjusted EBITDA loss widened to $316.9M from $126.5M
Expert Statements
Jason Robins, CEO and Co-founder of DraftKings
“The third quarter marked a pivotal moment for DraftKings, as the Predictions offering we have been building is now powering meaningful growth for our business. More than 1.6 million customers have engaged with Predictions year-to-date, and combined with the strength of our core, we believe we are set up for an exceptional 2027.”
Alan Ellingson, Chief Financial Officer of DraftKings
“Our core business continues to generate significant free cash flow, which we are deploying to fund growth in our Predictions business at attractive payback periods. We are introducing fiscal year 2027 revenue guidance of $7.35 billion to $7.75 billion, an increase of 17% year-over-year at the midpoint, and Adjusted EBITDA guidance of $800 million to $1.0 billion, which includes $300 million of Adjusted EBITDA investment in Predictions at the midpoint.”
DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its third quarter 2026 financial results. The Company also posted a third quarter 2026 business update and a slide presentation on the Financials section of its website at ir.aboutdraftkings.com .
For the three months ended September 30, 2026, DraftKings reported total revenue of $1,329 million, an increase of $185 million, or 16%, compared to $1,144 million during the same period in 2025. The increase in the Company's third quarter 2026 revenue was driven primarily by continued healthy customer engagement and higher Sportsbook net revenue margin.
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