DraftKings (0ABA) AI Stock Analysis

Company Guidance

DraftKings reiterated FY2026 guidance of $6.5–$6.9 billion in revenue and $700–$900 million in adjusted EBITDA (which already assumes ~$200–$300 million of incremental Predictions investment) and said the core business is on track to generate ~ $1.0 billion of adjusted EBITDA in 2026 after delivering $115 million of adjusted EBITDA in Q2. Key Q2 and guidance metrics: customer acquisition +~75% YoY (≈30% more customers than planned) with ~10% higher acquisition spend but ~25% better‑than‑expected CAC; monthly unique payers +9% YoY (>6% excl. World Cup customers); sports consumer volume +15% YoY; Sportsbook handle +11% YoY; normalized Q2 revenue +10% YoY; trailing 12‑month net revenue per unique customer +14% YoY in H1 2026; adjusted G&A down 6% YoY. Predictions progress cited >600,000 customers YTD, annualized total volume April–July up ~5x from $2.3B to $11B, combos ≈20% of Predictions volume, ~1% customer overlap with the largest prediction operator, and an internal estimate that 80–90% of prediction market volume in Sportsbook states comes from professional syndicates; company also noted World Cup Sportsbook handle ≈6x 2022 (≈4.5x same‑state), overall World Cup hold ~12%, and that customer‑friendly June outcomes drove roughly an $80 million revenue headwind.