Jun 2026 (Q2 FY26) — Aug 7, 2026
DraftKings Q2 FY26 — Strong Core Business and Rapid Predictions Growth
Read the full callDraftKings (DKNG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
DraftKings earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,443 | −4.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -4.7 | −14.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -67.6 | −142.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
11 of 14 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Combined Sports revenue reporting (Sportsbook plus Sports Predictions) | report Sports revenue beginning in the second quarter of 2026 | Mar 2026 | Sports consumer volume, which includes Sportsbook handle plus Predictions consumer volume increased 15% year-over-year in the second quarter | Achieved* |
| Full-year adjusted EBITDA | $700 million to $900 million | Dec 2025 | today, we are maintaining our fiscal year 2026 guidance ranges | On Track |
3 of DraftKings Inc.'s 30 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 28 more targets are in the full ledger.
Claimed
- Adjusted EBITDA reached $115 million in Q2 FY26.
- Customer acquisition grew nearly 75% year-over-year, with costs approximately 25% better than anticipated.
- Monthly unique payers growth accelerated to 9% year-over-year.
- Predictions offering engaged over 600,000 customers year-to-date, with annualized total volume traded growing nearly 5x from $2.3 billion to $11 billion from April to July.
- Sportsbook handle increased 11% year-over-year in Q2 FY26, with handle share improving year-over-year for the third consecutive quarter.
Qualified
- Customer-friendly sport outcomes in Q2 FY26 resulted in an $80 million revenue headwind.
- Higher-than-expected customer acquisition in Q2 FY26 weighed on near-term profitability.
Price
$19.31 +2.17% · +$0.41
Performance −43.8% 1Y
1Y: $34.36 on 14 Oct 2025 → $19.31. High $36.24 (5 Jan 2026), low $18.59 (2 Oct 2026).
- Previous close
- $18.9
- 52-week range
- $18.59 – $36.24
- One year
- −45.61%
Overview
- Symbol
- DKNG
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 14 judged targets kept · 16 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Combined Sports revenue reporting (Sportsbook plus Sports Predictions) | report Sports revenue beginning in the second quarter of 2026 | Mar 2026 | Sports consumer volume, which includes Sportsbook handle plus Predictions consumer volume increased 15% year-over-year in the second quarter | Achieved* |
| Full-year adjusted EBITDA | $700 million to $900 million | Dec 2025 | today, we are maintaining our fiscal year 2026 guidance ranges | On Track |
Claimed
- Adjusted EBITDA reached $115 million in Q2 FY26.
- Customer acquisition grew nearly 75% year-over-year, with costs approximately 25% better than anticipated.
- Monthly unique payers growth accelerated to 9% year-over-year.
- Predictions offering engaged over 600,000 customers year-to-date, with annualized total volume traded growing nearly 5x from $2.3 billion to $11 billion from April to July.
- Sportsbook handle increased 11% year-over-year in Q2 FY26, with handle share improving year-over-year for the third consecutive quarter.
Qualified
- Customer-friendly sport outcomes in Q2 FY26 resulted in an $80 million revenue headwind.
- Higher-than-expected customer acquisition in Q2 FY26 weighed on near-term profitability.
The full ledger
Open DraftKings Inc.’s full ledger
A free account opens 5 company ledgers a month. All 30 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 8, 2026
DraftKings Q1 FY26 — Strong Start with Strategic Investment in Predictions
Read the full callEvery analysed call
DraftKings earnings calls (DKNG)
Financials
What the filings say
Net profit, year on year: −143% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,095 | 1,393 | 1,409 | 1,513 | 1,144 | 1,989 | 1,646 | 1,443 |
| Operating profit | -299 | -139 | -46 | 151 | -272 | 152 | 6 | -68 |
| Operating margin | −27.3% | −10.0% | −3.3% | 10.0% | −23.8% | 7.6% | 0.4% | −4.7% |
| Interest | 1 | 1 | 5 | 12 | — | — | — | — |
| Profit before tax | -295 | -146 | -39 | 170 | -271 | 147 | 23 | -72 |
| Tax rate | 0.4% | 7.7% | 14.2% | 6.9% | 4.5% | 6.9% | 27.8% | 2.5% |
| Net profit | -294 | -135 | -34 | 158 | -257 | 136 | 21 | -68 |
| EPS ($ per share) | -0.60 | — | -0.07 | 0.32 | -0.52 | — | 0.04 | -0.14 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Reserves | — | -3,754 | -5,132 | -5,934 | -6,441 | -6,438 |
| Total liabilities | — | 2,391 | 2,717 | 3,105 | 3,273 | 3,899 |
| Fixed assets | — | 46 | 60 | 61 | 51 | 51 |
| Total assets | — | 4,069 | 4,040 | 3,945 | 4,284 | 4,531 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -194 | -420 | -626 | -2 | 418 | 663 |
| Cash from investing | -227 | -195 | -209 | -90 | -567 | -166 |
| Cash from financing | 2,306 | 1,139 | -17 | -63 | -144 | -222 |
| Net cash flow | 1,884 | 525 | -851 | -155 | -293 | 274 |
| Capital expenditure | -12 | -16 | -32 | -21 | -10 | -15 |
| Free cash flow | -206 | -435 | -658 | -23 | 408 | 648 |
DKNG revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | -4.6% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
270 filings between Oct 17, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$3.25M
3 purchases by 2 insiders
Sales
$22.57M
19 sales by 6 insiders
95% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 6
- Award — granted as compensation
- 132
- Option exercise — converted options into shares
- 103
- Tax withheld — shares kept back by the company to cover tax
Also filed: 6 gifts, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Liberman Paul | — | $12.19M | Mar 11, 2026 |
| Dodge R Stanton | — | $8.69M | Jun 11, 2026 |
| SLOAN HARRY | $2.94M | — | Feb 17, 2026 |
| Levin Woodrow | — | $880.2K | May 18, 2026 |
| Moore Jocelyn | — | $313.8K | Aug 19, 2026 |
| Wendt Gregory Westin | $302.7K | — | Nov 11, 2025 |
| Bradbury Erik | — | $256.2K | May 20, 2026 |
| Ellingson Alan Wayne | — | $246.1K | Nov 14, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 1,476 | — |
| Oct 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 646 | $12.5K |
| Sep 3, 2026 | Robins Jason See Remarks | Gift | 12,000 | $0 |
| Sep 2, 2026 | Kalish Matthew Director | Other | 864,880 | — |
| Sep 1, 2026 | Liberman Paul See Remarks | Tax withheld | 3,845 | $90.1K |
| Sep 1, 2026 | Liberman Paul See Remarks | Option exercise | 7,951 | — |
| Sep 1, 2026 | Liberman Paul See Remarks | Option exercise | 9,649 | — |
| Sep 1, 2026 | Robins Jason See Remarks | Option exercise | 16,404 | — |
| Sep 1, 2026 | Liberman Paul See Remarks | Tax withheld | 16,053 | $376.3K |
| Sep 1, 2026 | Robins Jason See Remarks | Option exercise | 14,008 | — |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Tax withheld | 1,035 | $24.3K |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Tax withheld | 9,632 | $225.8K |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 4,826 | $113.1K |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Option exercise | 19,920 | — |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 5,423 | $127.1K |
| Sep 1, 2026 | Liberman Paul See Remarks | Option exercise | 22,058 | — |
| Sep 1, 2026 | Liberman Paul See Remarks | Tax withheld | 10,666 | $250.0K |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 1,475 | — |
| Sep 1, 2026 | Robins Jason See Remarks | Tax withheld | 6,773 | $158.8K |
| Sep 1, 2026 | Liberman Paul See Remarks | Option exercise | 33,201 | — |
| Sep 1, 2026 | Robins Jason See Remarks | Option exercise | 37,500 | — |
| Sep 1, 2026 | Robins Jason See Remarks | Tax withheld | 7,932 | $185.9K |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 11,029 | — |
| Sep 1, 2026 | Robins Jason See Remarks | Tax withheld | 28,360 | $664.8K |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Option exercise | 2,140 | — |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 4,825 | — |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Tax withheld | 359 | $8.4K |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Option exercise | 742 | — |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Tax withheld | 2,563 | $60.1K |
| Sep 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Option exercise | 5,300 | — |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 2,187 | $51.3K |
| Sep 1, 2026 | Robins Jason See Remarks | Option exercise | 58,654 | — |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 4,997 | — |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 2,111 | $49.5K |
| Sep 1, 2026 | Robins Jason See Remarks | Tax withheld | 18,132 | $425.0K |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 12,395 | — |
| Sep 1, 2026 | Liberman Paul See Remarks | Tax withheld | 4,666 | $109.4K |
| Sep 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 646 | $15.1K |
| Aug 19, 2026 | Moore Jocelyn Director | Sale 10b5-1 plan | 10,759 | $258.8K |
| Aug 12, 2026 | Kalish Matthew Director | Option exercise | 383,455 | $1.80M |
| Aug 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Tax withheld | 2,084 | $48.9K |
| Aug 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 1,476 | — |
| Aug 1, 2026 | Ellingson Alan Wayne Chief Financial Officer | Option exercise | 4,310 | — |
| Aug 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 646 | $15.2K |
| Jul 1, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise | 1,475 | — |
| Jul 1, 2026 | Dodge R Stanton Chief Legal Officer | Tax withheld | 646 | $16.6K |
| Jun 12, 2026 | Robins Jason See Remarks | Gift | 8,545 | $0 |
| Jun 11, 2026 | Dodge R Stanton Chief Legal Officer | Option exercise 10b5-1 plan | 62,500 | $184.4K |
| Jun 11, 2026 | Dodge R Stanton Chief Legal Officer | Sale 10b5-1 plan | 8,189 | $245.4K |
| Jun 11, 2026 | Dodge R Stanton Chief Legal Officer | Sale 10b5-1 plan | 54,311 | $1.61M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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