DraftKings Inc.
DraftKings Inc. Q2 FY26 Results — Earnings Call Analysis
Q2 FY26 earnings call: what management said on revenue, margins and capex.
DraftKings Inc. Q2 FY26 key numbers
- Revenue
- Fiscal year 2026 revenue is expected between $6.5 billion to $6.9 billion, with adjusted EBITDA of $700 million to $900 million.
As stated in DraftKings Inc.'s Q2 FY26 earnings call transcript · published 30 May 2026. Reported figures, not investment advice.
The short version
- Fiscal year 2026 revenue is expected between $6.5 billion to $6.9 billion, with adjusted EBITDA of $700 million to $900 million (Page 2). - Fiscal year 2026 revenue guidance is reaffirmed at $6.5 billion to $6.9 billion.
From DraftKings Inc.'s Q2 FY26 earnings-call transcript · updated 30 May 2026.
Revenue & Sales Performance
- Fiscal year 2026 revenue is expected between $6.5 billion to $6.9 billion, with adjusted EBITDA of $700 million to $900 million (Page 2).
- First quarter revenue grew 17% YoY, surpassing $1.6 billion; adjusted EBITDA increased 64% YoY to $168 million (Page 2).
- Sportsbook revenue rose 24% YoY to $1.1 billion with a 140 basis point increase in net revenue margin to 7.8% (Page 2).
- Predictions market shows strong growth momentum: annualized April consumer volume exceeded $1 billion, total volume traded over $2.3 billion – growing 38% and 43% month-over-month, respectively (Page 2).
- Customer acquisition costs (CAC) for Predictions fell over 80% in April, enabling scalable growth (Page 2).
- Predictions investment expected to be $200 million to $300 million in 2026, focusing on customer acquisition and product enhancements (Pages 3, 12, 13).
2 more points from DraftKings Inc.'s call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- DraftKings plans to invest significantly in its Predictions product, with total investment expected to be $200 million to $300 million in 2026, covering marketing, product, and technology development.
- Investment in Predictions is ongoing into 2027, with expectations to continue growing customer acquisition and product enhancements.
- The company is evaluating its broader product suite for capital and human capital allocation to maximize shareholder value, potentially shifting resources between products like Pick6 and Predictions.
- DraftKings is increasing focus on the Super App, which integrates various offerings including Sportsbook and Predictions, aiming to enhance cross-product engagement and operational efficiencies.
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Fundraising & Capital Structure
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Order Book & Pipeline
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What the Q2 FY26 call signalled
2 of 3 strong
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were DraftKings Inc. Q2 FY26 results?
- Fiscal year 2026 revenue is expected between $6.5 billion to $6.9 billion, with adjusted EBITDA of $700 million to $900 million (Page 2). - Fiscal year 2026 revenue guidance is reaffirmed at $6.5 billion to $6.9 billion.
What is DraftKings Inc. share price analysis?
DraftKings Inc. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 264.6 with a market cap of $12,170. Investors should review the full earnings analysis for detailed insights.
Is DraftKings Inc. planning capital expenditure?
- DraftKings plans to invest significantly in its Predictions product, with total investment expected to be $200 million to $300 million in 2026, covering marketing, product, and technology development.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.