DraftKings third quarter 2026 revenue grew 16% as Monthly Unique Payers hit 4.1 million

DraftKings reported revenue of $1.33 billion for the third quarter of 2026, a 16% year-over-year increase driven by expanding sportsbook margins and healthy customer acquisition. While the top line grew, the company posted a GAAP net loss of $468.7 million as it accelerated investments into its new Predictions business, which management expects will require up to $700 million in Adjusted EBITDA investment for the full year.

Key Highlights

• Monthly Unique Payers (MUPs) increased 13% year-over-year to 4.1 million, reflecting strong retention across Sportsbook and iGaming.
• Average Revenue per MUP (ARPMUP) rose 3% to $109, primarily due to a 40-basis-point expansion in Sportsbook net revenue margin to 5.6%.
• Management introduced fiscal year 2027 revenue guidance of $7.35 billion to $7.75 billion and Adjusted EBITDA guidance of $800 million to $1.0 billion.