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Draftkings Inc (DKNG)
NASDAQ:DKNG
Earnings Data
Report Date
Apr 30, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 29 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights a strong operational and financial quarter and year: record Q4 revenue and margin expansion, substantial adjusted EBITDA growth, first‑time GAAP net income, meaningful Sportsbook outperformance, active share repurchases, and a clear strategic push into a potentially large Predictions market with favorable regulatory movement. Offsets include conservative FY2026 guidance, prior guidance execution issues (management acknowledged a miss), early‑stage costs and uncertainty around Predictions monetization, flat overall MUPs (impacted by Jackpocket), and short‑term variance from sports outcomes. On balance, the positive results, scale, margin expansion and new growth initiatives materially outweigh the risks and near‑term costs.Company Guidance
Record Quarterly Revenue and Margin Expansion
Fourth quarter revenue grew 43% year‑over‑year to nearly $2.0 billion; adjusted EBITDA was $343 million (4x the prior year period) and adjusted EBITDA margin expanded by more than 1,000 basis points year‑over‑year to 17%.
Strong Full‑Year 2025 Results
Fiscal year 2025 revenue grew 27% year‑over‑year to above $6 billion; adjusted EBITDA more than tripled to over $600 million and exceeded the high end of prior guidance; the company reported positive GAAP net income for the first time and repurchased 16 million shares during the year.
Sportsbook Outperformance in Q4
Sportsbook revenue increased 64% year‑over‑year in Q4 to $1.4 billion; handle growth accelerated to 13% year‑over‑year in the quarter; Sportsbook net revenue margin increased 250 basis points to 8% and parlay handle mix rose nearly 500 basis points.
Scale of Sportsbook Business
Fiscal year 2025 Sportsbook handle increased 11% year‑over‑year to $54 billion; total potential payouts (capital at risk) across open wagers were $2.5 trillion, highlighting large customer engagement and exposure.
Capital Allocation and Share Repurchases
Repurchased 8 million shares in the fourth quarter and 16 million shares in fiscal 2025; management expects to remain active with repurchases as adjusted EBITDA grows.
New Growth Opportunity — Predictions
Management is prioritizing 'Predictions' as a major new growth lane: early signals include strong downloads and 3x prior record Super Bowl daily trading volume; company believes Predictions could represent a multi‑billion dollar annual gross revenue opportunity (company cites a $10 billion reference) and is targeting hundreds of millions in annual revenue for DraftKings Predictions in the years ahead.
Product and Technology Advantages
Company emphasizes competitive advantages in product, technology, data science and AI/ML, including #1-rated Sportsbook uptime, in‑house pricing models, a large data/science organization, and integrations (e.g., Crypto.com) that expand market breadth.
Conservative and Measured Guidance for FY2026
Fiscal year 2026 guidance: revenue between $6.5 billion and $6.9 billion and adjusted EBITDA between $700 million and $900 million; management notes guidance reflects planned investments in Predictions and disciplined planning.
Regulatory Developments Favorable to Predictions
CFTC engagement on event contracts and direction to establish clearer standards is viewed as constructive and supportive of expansion of sports‑related Predictions under a defined regulatory framework.
DKNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DKNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $25.16 | $21.76 | -13.51% |
Nov 06, 2025 | $27.98 | $30.40 | +8.65% |
Aug 06, 2025 | $45.36 | $45.20 | -0.35% |
May 08, 2025 | $35.35 | $36.23 | +2.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Draftkings Inc (DKNG) report earnings?
Draftkings Inc (DKNG) is schdueled to report earning on Apr 30, 2026, TBA (Confirmed).
What is Draftkings Inc (DKNG) earnings time?
Draftkings Inc (DKNG) earnings time is at Apr 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DKNG EPS forecast?
DKNG EPS forecast for the fiscal quarter 2026 (Q1) is 0.05.
