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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for DraftKings Inc. (DKNG) is 9/10.
DraftKings opened 2026 with first-quarter revenue up 17% year-over-year to more than $1.6 billion and adjusted EBITDA up 64% to $168 million, its second consecutive quarter of positive GAAP net income. Management said core profitability is inflecting, with adjusted EBITDA that would have topped $200 million absent Predictions investment and the Arkansas launch, and pointed to core-business EBITDA above $1 billion for the year. Sportsbook led, with revenue up 24% to $1.1 billion, net revenue margin up 140 basis points to 7.8%, and parlay mix up nearly 300 basis points. The company reaffirmed FY2026 guidance of $6.5-$6.9 billion revenue and $700-$900 million adjusted EBITDA while committing $200-$300 million to a fast-scaling Predictions push (April CACs down more than 80%, market-making already profitable, proprietary exchange imminent) ahead of the World Cup; iGaming NGR growth decelerating to 9% was the quarter's soft spot.
Scored from DraftKings Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.39B | +13.2% | $-0.28 | -193.8% | -10.0% | -9.7% | $323M |
| FY2025 Q1 | $1.41B | +19.9% | $-0.07 | +77.1% | -3.3% | -2.4% | $-122M |
| FY2025 Q2 | $1.51B | +36.9% | $0.30 | +130.8% | 10.0% | 10.4% | $170M |
| FY2025 Q3 | $1.14B | +4.4% | $-0.48 | +20.0% | -23.8% | -22.4% | $248M |
| FY2025 Q4 | $1.99B | +42.8% | $0.26 | +192.9% | 7.6% | 6.9% | $317M |
| FY2026 Q1 | $1.65B | +16.8% | $0.04 | +157.7% | 0.4% | 1.3% | $-56M |
| FY2026 Q2 | $1.44B | -4.6% | $-0.14 | -146.7% | -4.7% | -4.7% | $107M |