DraftKings maintained its full-year 2026 revenue outlook of $6.5 billion to $6.9 billion and adjusted EBITDA outlook of $700 million to $900 million, while management said the core business could generate approximately $1 billion in adjusted EBITDA. Customer acquisition rose nearly 75% year over year and exceeded plans, with acquisition costs about 25% below expectations, though customer-friendly sports results created an estimated $80 million revenue headwind in the quarter. The predictions business is expanding rapidly: more than 600,000 customers have used it year to date, and annualized trading volume rose from $2.3 billion to $11 billion between April and July. DraftKings plans to invest an additional $200 million to $300 million in the predictions business during 2026.
DraftKings IncMaintains 2026 revenue/EBITDA outlook and plans $200-300M investment in predictions business, indicating confidence and growth.
