Revenue Decline Driven by Sports Margin Pressure
Revenue decreased 4.6% primarily due to lower Sportsbook and Prediction Markets revenue, driven by customer-friendly sports outcomes and higher promotional reinvestment for new customer acquisition.
DraftKings Inc. is expected to release its Q3 2026 10-Q filing on November 4, 2026, after market close. Last quarter: 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.
EPS Estimate
$-0.35
Revenue Estimate
$1.45B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the DKNG page.
Drawn from management commentary in the Q2 2026 10-Q:
Revenue decreased 4.6% primarily due to lower Sportsbook and Prediction Markets revenue, driven by customer-friendly sports outcomes and higher promotional reinvestment for new customer acquisition.
Sales and marketing expenses surged 38.3% to $322.5 million, mainly due to increased external marketing costs for the FIFA World Cup, NBA Playoffs, and the launch of the Super App and Prediction Markets.
Monthly Unique Payers increased 9.1% year-over-year, driven by retention and new acquisition from the NBA Finals and FIFA World Cup, but ARPMUP fell 12.6% due to the same promotional pressure.
Revenue
$1.44B
-4.58% YoY
EPS (Diluted)
-$0.14
-146.67% YoY
Operating Income
-$68.17M
-145.26% YoY
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