DraftKings saw “strong engagement from a growing roster of customers in the past year,” and on Thursday reported a profit of $21.1M compared with a loss of $33.9M in the same quarter a year earlier. Total quarterly revenue surged 17% to $1.65B, topping forecasts for $1.63B, per FactSet. The company’s sportsbook registered a 24% jump in revenue and a stronger margin. DraftKings also “backed” its 2026 revenue guidance of $6.5B to $6.9B (WALL STREET JOURNAL, 5/7).
The company noted that adjusted earnings before interest, taxes, depreciation and amortization rose 64% to $168M compared to analysts’ projections for $153M. Monthly unique players fell 4% to 4.2 million after “exiting the Texas lottery market” (BLOOMBERG NEWS, 5/7).
