OpenNashEarnings

Media & Streaming · Nasdaq: DKNG

DraftKings earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 12 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

DraftKings reported third quarter 2026 total revenue of $1,329 million, an increase of $185 million, or 16%, compared to $1,144 million during the same period in 2025.

DraftKings grew third quarter 2026 revenue 16% to $1,329 million, helped by healthy customer engagement and a higher Sportsbook net revenue margin of 5.6%. Monthly Unique Payers rose approximately 13% to 4.1 million. The company still lost money: net loss was $(468,720) thousand and Adjusted EBITDA was $(316,899) thousand, as sales and marketing spending rose sharply while it built out its Predictions offering.

Read the Q3 2026 summary →

Quarters

KPI history

Revenue$1.3B+16.2% y/yQ3 2026
Q4 2024: $1.4B (worked out from the annual figure)Q4 ’24$1.4BQ1 2025: $1.4BQ1 ’25$1.4BQ2 2025: $1.5BQ2 ’25$1.5BQ3 2025: $1.1BQ3 ’25$1.1BQ4 2025: $2.0B (worked out from the annual figure)Q4 ’25$2.0BQ1 2026: $1.6BQ1 ’26$1.6BQ2 2026: $1.4BQ2 ’26$1.4BQ3 2026: $1.3BQ3 ’26$1.3B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$1.4B *
Q1 2025$1.4B
Q2 2025$1.5B
Q3 2025$1.1B
Q4 2025$2.0B *
Q1 2026$1.6B
Q2 2026$1.4B
Q3 2026$1.3B
Diluted EPS (GAAP)-$0.94−80.8% y/yQ3 2026
Q1 2025: -$0.07Q1 ’25-$0.07Q2 2025: $0.30Q2 ’25$0.30Q3 2025: -$0.52Q3 ’25-$0.52Q1 2026: $0.03Q1 ’26$0.03Q2 2026: -$0.14Q2 ’26-$0.14Q3 2026: -$0.94Q3 ’26-$0.94
Data
Q1 2025-$0.07
Q2 2025$0.30
Q3 2025-$0.52
Q1 2026$0.03
Q2 2026-$0.14
Q3 2026-$0.94

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin-37.1%−13.3 pts y/yQ3 2026
Q4 2024: -10.0%Q4 ’24-10.0%Q1 2025: -3.3%Q1 ’25-3.3%Q2 2025: 10.0%Q2 ’2510.0%Q3 2025: -23.8%Q3 ’25-23.8%Q4 2025: 7.6%Q4 ’257.6%Q1 2026: 0.4%Q1 ’260.4%Q2 2026: -4.7%Q2 ’26-4.7%Q3 2026: -37.1%Q3 ’26-37.1%
Data
Q4 2024-10.0%
Q1 2025-3.3%
Q2 202510.0%
Q3 2025-23.8%
Q4 20257.6%
Q1 20260.4%
Q2 2026-4.7%
Q3 2026-37.1%
Free cash flow-$43.7MQ3 2026
Q4 2024: $323.2MQ4 ’24$323.2MQ1 2025: -$121.7MQ1 ’25-$121.7MQ2 2025: $169.6MQ2 ’25$169.6MQ3 2025: $283.0MQ3 ’25$283.0MQ4 2025: $316.5MQ4 ’25$316.5MQ1 2026: -$55.5MQ1 ’26-$55.5MQ2 2026: $106.9MQ2 ’26$106.9MQ3 2026: -$43.7MQ3 ’26-$43.7M
Data
Q4 2024$323.2M
Q1 2025-$121.7M
Q2 2025$169.6M
Q3 2025$283.0M
Q4 2025$316.5M
Q1 2026-$55.5M
Q2 2026$106.9M
Q3 2026-$43.7M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$1.4Bd$1.4B$1.5B$1.1B$2.0Bd$1.6B$1.4B$1.3B
Operating income-$139.2Md-$46.3M$150.6M-$271.9M$151.8Md$5.8M-$68.2M-$493.1M
Operating margin-10.0%-3.3%10.0%-23.8%7.6%0.4%-4.7%-37.1%
Net income-$134.9Md-$33.9M$157.9M-$256.8M$136.4Md$21.1M-$67.6M-$468.7M
Diluted EPS—-$0.07$0.30-$0.52—$0.03-$0.14-$0.94
Operating cash flow$325.2Md-$119.0M$173.9Md$287.5Md$320.5Md-$48.4M$111.4Md$25.0Kd
Capital expenditure$2.0Md$2.6M$4.3Md$4.4Md$4.0Md$7.1M$4.6Md$43.8Md
Free cash flow$323.2M-$121.7M$169.6M$283.0M$316.5M-$55.5M$106.9M-$43.7M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings