DraftKings reported second quarter 2026 results that missed earnings and revenue expectations, swinging from a profit to a loss while maintaining its full-year revenue guidance. The company posted Q2 sales of US$1.44 billion, down from US$1.51 billion a year earlier, and moved from net income of US$157.94 million to a net loss of US$67.61 million, with diluted earnings per share shifting from US$0.30 to a loss of US$0.14. For the first half of 2026, sales rose to US$3.09 billion from US$2.92 billion, but net income turned from US$124.07 million to a loss of US$46.54 million. Despite the weaker quarter, DraftKings kept its 2026 revenue outlook in the range of US$6.5 billion to US$6.9 billion, while management highlighted growth in iGaming revenue and customer activity even as several key operating metrics fell short of analyst expectations. The stock has fallen 17.6% over the past 30 days and 37.8% year to date, with a one-year total shareholder return down 51%, as investors reassess the company's growth profile and risk.
DraftKings IncQ2 earnings and revenue missed estimates, swung to a loss, and stock has fallen sharply.
