DraftKings reported third-quarter 2026 revenue of $1.33 billion, up 16% year over year. Growth was driven by strong customer engagement.
Monthly Unique Payers increased 13% to 4.1 million.
The company posted a net loss of $468.7 million, or $0.53 per share, wider than expected and missing analyst estimates. Adjusted EBITDA was a loss of $316.9 million, far exceeding forecasts. DraftKings cited increased investment in its Predictions platform and higher marketing expenses.
DraftKings guided to 2027 revenue of $7.35 billion to $7.75 billion. Investors were concerned by the company’s Q3 revenue and profitability misses, and its stock fell in after-hours trading.