Revenue Growth Driven by User Expansion
Revenue grew 16.8% YoY to $1.65B in Q1 2026 from $1.41B in Q1 2025, reflecting continued customer acquisition and higher handle volumes across DraftKings' sportsbook and iGaming platforms.
DraftKings Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: DraftKings achieved its first profitable Q1 in recent history, posting $21.1M net income on $1.65B revenue (+16.8% YoY) as operating leverage finally turned positive with a $5.8M operating income versus a -$46.3M loss a year ago.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 16.8% YoY to $1.65B in Q1 2026 from $1.41B in Q1 2025, reflecting continued customer acquisition and higher handle volumes across DraftKings' sportsbook and iGaming platforms.
Operating income turned positive at $5.8M compared to a -$46.3M operating loss in Q1 2025, representing a 112.6% YoY improvement and signaling meaningful operating leverage as revenue scales faster than costs.
Cost of revenue grew 12.5% YoY to $949.4M, slower than the 16.8% revenue growth rate, implying gross margin expansion and improving unit economics as the business scales.
Revenue
$1.65B
++16.84% YoY
EPS (Basic)
$0.04
++157.14% YoY
Operating Income
$5.85M
++112.62% YoY
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