DraftKings Q2 revenue falls 5% to $1.44 billion; swings to $67.6 million net loss
DraftKings reported second quarter 2026 revenue of $1,443 million, down 5% from a year earlier, and a net loss of $67.6 million, compared with net income of $157.9 million in the same quarter of 2025. The company said the revenue decline reflected customer-friendly sport outcomes and higher promotional spending, and it kept its full-year 2026 revenue and Adjusted EBITDA guidance unchanged.
Key points
- Revenue was $1,443 million, down $69 million or 5% from $1,513 million in Q2 2025.
- Net loss was $67.6 million, or $0.14 per diluted share, versus net income of $157.9 million, or $0.30 per diluted share, a year earlier.
- Adjusted EBITDA was $114.6 million, compared with $300.6 million in Q2 2025.
- Fiscal 2026 guidance was maintained: revenue of $6.5 billion to $6.9 billion and Adjusted EBITDA of $700 million to $900 million.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.