Draftkings Inc (DKNG)
NASDAQ:DKNG
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Earnings Data
Report Date
Jul 31, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.14Last Year’s EPS
0.3Same Quarter Last Year
Strong Buy
Based on 28 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: strong top‑line growth (17% YoY), outsized adjusted EBITDA improvement (64% YoY), margin expansion, and clear early traction in Predictions (rapid CAC declines and fast volume growth). Management reaffirmed FY guidance and highlighted profitable core momentum (Sportsbook strength, April performance, >$500M adjusted EBITDA over six months). Offsets include a planned $200M–$300M investment in Predictions that depresses near‑term EBITDA, deceleration in iGaming growth, moderated customer growth, and regulatory/consumer‑protection risks tied to Predictions. On balance the highlights and demonstrable profitability gains outweigh the headwinds and planned investments, but the Predictions program introduces execution and regulatory uncertainty that warrants monitoring.Company Guidance
Revenue and Top‑Line Growth
Q1 revenue increased 17% year‑over‑year, surpassing $1.6 billion; April soft‑close revenue was up 22% year‑over‑year.
Adjusted EBITDA and Profitability Inflection
Adjusted EBITDA rose 64% year‑over‑year to $168 million in Q1; company achieved positive net income for the second consecutive quarter and generated more than $500 million of adjusted EBITDA over the last 6 months.
Strong Sportsbook Performance
Sportsbook revenue increased 24% year‑over‑year to $1.1 billion; net revenue margin improved by 140 basis points to 7.8%; parlay handle mix rose nearly 300 basis points.
Margin and Efficiency Gains
Adjusted gross margins increased by nearly 200 basis points year‑over‑year; teams reported 2–3x productivity versus last year and improved promotional effectiveness.
Predictions: Rapid Early Traction
Predictions CAC declined by more than 80% in April; annualized Predictions consumer volume exceeded $1.0 billion and annualized total volume traded exceeded $2.3 billion (up 38% and 43% month‑over‑month, respectively); Predictions volume per customer exceeds Sportsbook handle per customer.
Market Making and Product Roadmap Progress
Market‑making for Predictions is already generating a positive return; proprietary exchange and combo offerings are launching imminently to expand the ecosystem and economics.
Strong Monthly Start to Q2
April handle was up 6% (soft close) and the company reported over $100 million of adjusted EBITDA in April alone.
Capital Allocation and Shareholder Actions
Repurchased almost $100 million of shares during the quarter while continuing to invest in growth initiatives.
Guidance Reaffirmed
Fiscal year 2026 guidance reaffirmed: revenue $6.5 billion to $6.9 billion and adjusted EBITDA $700 million to $900 million (guidance includes planned investment in Predictions).
Product and Geographic Expansion
Launched Sportsbook in Arkansas, planning Alberta launch (July), and added Spanish language functionality; increased focus and new product features on iGaming such as 'Flex Spins.'
DKNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DKNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $25.22 | $25.52 | +1.19% |
Feb 12, 2026 | $25.16 | $21.76 | -13.51% |
Nov 06, 2025 | $27.98 | $30.40 | +8.65% |
Aug 06, 2025 | $45.36 | $45.20 | -0.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Draftkings Inc (DKNG) report earnings?
Draftkings Inc (DKNG) is schdueled to report earning on Jul 31, 2026, TBA (Confirmed).
What is Draftkings Inc (DKNG) earnings time?
Draftkings Inc (DKNG) earnings time is at Jul 31, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DKNG EPS forecast?
DKNG EPS forecast for the fiscal quarter 2026 (Q2) is 0.14.
