DraftKings Inc. (DKNG) Q3 FY2026 earnings

Reported results

• Total revenue for the three months ended September 30, 2026, was $1,329 million (or $1,329,063 thousand), an increase of 16% compared to $1,144 million (or $1,144,019 thousand) in the third quarter of 2025.
• GAAP net loss attributable to common stockholders was $(468,720) thousand for the third quarter of 2026, compared to $(256,788) thousand for the third quarter of 2025.
• GAAP basic and diluted loss per share attributable to common stockholders was $(0.94) for the third quarter of 2026, compared to $(0.52) for the third quarter of 2025.
• Non-GAAP Adjusted EBITDA was $(316,899) thousand for the third quarter of 2026, compared to $(126,488) thousand for the third quarter of 2025.
• Non-GAAP Adjusted Earnings (Loss) Per Share was $(0.53) for the third quarter of 2026, compared to $(0.26) for the third quarter of 2025.
• Monthly Unique Payers (“MUPs”) increased approximately 13% to 4.1 million for the three months ended September 30, 2026.

Guidance

• Fiscal year 2026 revenue guidance range updated to $6.35 billion to $6.55 billion.
• Fiscal year 2026 Adjusted EBITDA guidance range updated to $175 million to $275 million.
• Fiscal year 2026 core business Adjusted EBITDA expected to be $875 million to $925 million.
• Fourth quarter 2026 Adjusted EBITDA investment in Predictions expected to be $175 million to $225 million.
• Fiscal year 2027 revenue guidance range introduced at $7.35 billion to $7.75 billion.
• Fiscal year 2027 Adjusted EBITDA guidance range introduced at $800 million to $1.0 billion.

Price and volatility reaction

The stock moved -21.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -26.0 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.