DraftKings Grows Q3 Revenue 16% to $1.33 Billion and Issues 2027 Guidance

Published November 6, 2026 at 9:18 AM EST

DraftKings Inc. reported third-quarter 2026 revenue of $1.329 billion, up $185 million, or 16%, from $1.144 billion a year earlier, according to an 8-K furnished Friday.

Monthly unique payers rose 13% to 4.1 million, and average revenue per monthly unique payer rose 3% to $109. CEO Jason Robins said more than 1.6 million customers have engaged with the company’s Predictions offering year to date.

Guidance

DraftKings updated fiscal 2026 revenue guidance to $6.35 billion to $6.55 billion and Adjusted EBITDA guidance to $175 million to $275 million, mainly reflecting increased Adjusted EBITDA investment in Predictions of $650 million to $700 million. It expects 2026 Adjusted EBITDA from the core business of $875 million to $925 million and said Predictions revenue will be immaterial in 2026 because promotions will offset most gross revenue.

For fiscal 2027, DraftKings introduced revenue guidance of $7.35 billion to $7.75 billion, up 17% at the midpoint, and Adjusted EBITDA guidance of $800 million to $1.0 billion, including $300 million of Adjusted EBITDA investment in Predictions at the midpoint. Core-business 2027 revenue is expected at $6.7 billion to $7.0 billion and core Adjusted EBITDA at $1.15 billion to $1.25 billion, with Predictions revenue of $650 million to $750 million.

DraftKings is live with mobile sports betting in 27 states, Washington, D.C., and Puerto Rico, covering an estimated 53% of the U.S. population, and with iGaming in 5 states covering an estimated 11%.

By the numbers

Q3 revenue: $1.329 billion, up 16%
Monthly unique payers: 4.1 million, up 13%
2026 revenue guidance: $6.35 billion to $6.55 billion
2027 revenue guidance: $7.35 billion to $7.75 billion
2027 Adjusted EBITDA guidance: $800 million to $1.0 billion

Sources

DraftKings Form 8-K with third-quarter 2026 earnings release (Exhibit 99.1), filed Nov. 6, 2026 (accession 0001883685-26-000039)

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