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.
At the archive date, DraftKings Inc. was 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
$1.44B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the DKNG page for retained reports.
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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