DraftKings Q2 2026 Revenue Dips 5% to $1.44B; CEO Says Prediction Market Growth Beats Expectations

DraftKings released its second-quarter 2026 results on Thursday, posting revenue of $1.443 billion, a 5% decline from a year earlier. The company attributed the drop to customer-friendly sports outcomes and higher spending on customer acquisition promotions. The bottom line swung to a loss. DraftKings recorded a net loss of $67.61 million in the quarter, compared with net income of $158 million in the same period last year. Adjusted EBITDA came in at $115 million, down from $301 million a year prior. Sports betting activity kept climbing. Total sports handle reached $13.1 billion, up 15% year-over-year. Monthly unique players (MUP) rose 9% to approximately 3.6 million, while average revenue per MUP declined 13% to $132. CEO Jason Robins said the prediction market business, which launched in December, has grown faster than expected. Customer metrics there are similar to sports betting, with strong user acquisition and retention. The super app is now available nationwide, he added. DraftKings kept its full-year outlook unchanged, calling for revenue between $6.5 billion and $6.9 billion and adjusted EBITDA of $700 million to $900 million. The company currently offers mobile sports betting in 27 U.S. states plus Washington, D.C., and Puerto Rico, covering roughly 53% of the U.S. population. Its iGaming product operates in five states. In Canada, DraftKings is live in Alberta and Ontario, representing about 51% of the Canadian population.