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DraftKings gives cautious 2026 guidance as prediction markets expand

Deals & M&A

DraftKings gave cautious revenue and EBITDA guidance for 2026 on its quarterly earnings call, according to the report, with figures below Wall Street projections. CEO Jason Robins said prediction markets had a “de minimis” effect on revenue, citing January data that he said showed only a slight impact on sportsbook handle.

The guidance and management’s account of prediction-market effects inform investors assessing DraftKings’ outlook and business mix.

End-of-day close DraftKings (DKNG), USD, to 30 March 2026
Story date30 December 202530 March 2026

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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DraftKings raises Q1 revenue 17% to $1.65bn as prediction markets expand

DraftKings reported first-quarter 2026 revenue of $1.65bn, up about 17% year on year, and net profit of $21.1m, compared with a loss a year earlier. The company said April customer acquisition costs for prediction markets fell by more than 80%; it also reported annualised consumer volume above $1bn and total traded volume above $2.3bn. DraftKings maintained its 2026 revenue forecast of $6.5bn to $6.9bn.

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