Hotels, Restaurants & Leisure
Price
$24.01
-0.74%Market Cap
$12.01B
Day High
$24.20
Day Low
$23.54
DraftKings reported a net loss of $67.6 million in Q2 FY2026, a sharp reversal from last year's profit, as increased promotional spending and unfavorable sports outcomes offset a 9.1% rise in Monthly Unique Payers.
Key risk: Customer-Friendly Sports Outcomes
The company's revenue and margins are highly dependent on sports results; unfavorable outcomes can sharply reduce hold percentages and revenue, as evidenced by the 10.6% decline in Sports revenue this quarter.