DraftKings IncDKNG
▼ NegativeCapitalrelevance
Q2 revenue fell 5% and adjusted EBITDA was partially offset by sport outcomes and higher promotional spend, though guidance was maintained.
Impact on stocks 1
Consumer Discretionary
DraftKings IncDraftKings Inc. reported second-quarter revenue of $1,443 million, a 5% decrease year over year primarily driven by customer-friendly sport outcomes and increased promotional reinvestment. Adjusted EBITDA was $115 million, reflecting core business growth that was partially offset by sport outcomes and a 10% increase in planned customer acquisition spend. The company maintained its fiscal year 2026 revenue guidance of $6.5 billion to $6.9 billion and adjusted EBITDA guidance of $700 million to $900 million. Monthly unique payers rose 9% to 3.6 million, while sports consumer volume increased 15% to $13.1 billion. Management said the core business is on track to generate approximately $1 billion in adjusted EBITDA for the full year, excluding investments in the new Predictions segment.
DraftKings IncQ2 revenue fell 5% and adjusted EBITDA was partially offset by sport outcomes and higher promotional spend, though guidance was maintained.