Quarterly ResultMay 8, 2026, 07:01 AM
DraftKings Q1 Revenue $1.65B, Net Income $21.07M
AI Summary
DraftKings reported strong first-quarter 2026 financial results, with revenue increasing 17% year-over-year to $1.65 billion and achieving a net income of $21.07 million, a significant improvement from a net loss in the prior year. The company also saw a substantial rise in Adjusted EBITDA to $167.85 million and maintained its fiscal year 2026 revenue and Adjusted EBITDA guidance. Management highlighted efficient customer acquisition, healthy engagement, and strategic focus on its Predictions business.
Key Highlights
- Q1 2026 Revenue increased 17% to $1.646 billion from $1.409 billion in Q1 2025.
- Q1 2026 Net Income was $21.07 million, compared to a net loss of $33.86 million in Q1 2025.
- Q1 2026 Diluted EPS was $0.03, up from $(0.07) in Q1 2025.
- Q1 2026 Adjusted EBITDA rose 63.5% to $167.85 million from $102.63 million in Q1 2025.
- Monthly Unique Payers (MUPs) were 4.2 million, a 4% decrease, but a 2% increase excluding Lottery.
- Average Revenue per MUP (ARPMUP) increased 21% to $131.
- Sportsbook Revenue grew 24.1% to $1.095 billion, with iGaming Revenue up 8.9% to $461.3 million.
- Fiscal year 2026 revenue guidance maintained at $6.5 billion to $6.9 billion.