DraftKings Reports Higher Revenue and First-Quarter Profit, Shares Rise After Mixed Results
May 8, 2026
DraftKings reported first-quarter 2026 revenue of $1.646 billion, up 17% from $1.409 billion a year earlier. The online sports betting company also swung to a profit of $21.1 million, helped by stronger sportsbook margins and steady customer engagement.
The company earned $0.20 per share in the quarter, which was below the $0.22 per share analysts expected. Even so, revenue came in slightly above estimates, and DraftKings shares rose about 4% after the report.
The results show a mixed quarter for the company: revenue growth and profitability improved, but earnings per share missed Wall Street expectations. DraftKings said its first-quarter results reflected a strong start to 2026 and continued strength in its core sportsbook business.
What does it mean that DraftKings had a mixed quarter?
It means some results were strong, such as revenue growth and profit, but another key result, earnings per share, came in below analyst expectations.
Why did the stock rise if earnings missed estimates?
Investors appeared to focus on the stronger revenue and profit, as well as better sportsbook margins, which helped offset the small earnings miss.
What is revenue?
Revenue is the total money a company brings in from its business before expenses are paid.
What is earnings per share?
Earnings per share, or EPS, shows how much profit a company made for each share of stock. Investors use it to compare results with expectations.
Sources
DraftKings Reports First Quarter Revenue of $1,646 Million
Business Wire
Business Wire
BOSTON--(BUSINESS WIRE)--DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced its first quarter 2026 financial results. The Company also posted a first quarter 2026 business update and an earnings presentation on the Financials section of its website at ir.aboutdraftkings.c...
DraftKings Swings to First-Quarter Profit on Better Sportsbook Margins
WSJ
WSJ
The online sports betting company posted a profit of $21.1 million on strong engagement from a growing roster of customers.
DraftKings (DKNG) Q1 Earnings Lag Estimates
Zacks Investment Research
Zacks Investment Research
DraftKings (DKNG) came out with quarterly earnings of $0.2 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.12 per share a year ago.
DraftKings (DKNG) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research
Zacks Investment Research
The headline numbers for DraftKings (DKNG) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DraftKings CEO Jason Robins on prediction markets
CNBC Television
CNBC Television
DraftKings CEO Jason Robins joined "Closing Bell: Overtime" to discuss the growth of prediction markets and more.
DraftKings Reports Strong Start To 2026 With Q1 Double Beat
Benzinga
Benzinga
DraftKings Inc. (NASDAQ:DKNG) reported first-quarter earnings on Thursday after the market closed. Here's a look at the key details from the report.
DraftKings Inc. (DKNG) Q1 2026 Earnings Call Transcript
Seeking Alpha
Seeking Alpha
DraftKings Inc. (DKNG) Q1 2026 Earnings Call Transcript
DraftKings shares gain as Q1 revenue tops estimates on strong betting margins
Proactive Investors
Proactive Investors
Draftkings Inc (NASDAQ:DKNG) shares rose about 4% after the company reported mixed first quarter results, with stronger-than-expected revenue offset by a slight earnings miss. The online sports betting and gaming company posted revenue of $1.65 billion for the quarter ended March 31, up 17% from $1....
DraftKings Q1 Earnings Call Highlights
MarketBeat
MarketBeat
DraftKings NASDAQ: DKNG reported first-quarter 2026 results that exceeded management's expectations, driven by continued strength in its core Sportsbook business and an increasing push into sports predictions. Get DraftKings alerts:Sign UpFirst-quarter results and updated cadence commentary Co-found...
DraftKings Bets on Exchange-Style Expansion As Sportsbook Sector Matures
PYMNTS
PYMNTS
Customer acquisition at scale is no longer the name of the online sports betting game. According to executives on DraftKings' Friday (May 8) first-quarter 2026 earnings call, competition is increasingly centered on infrastructure, data science and product integration.
DraftKings Inc. (DKNG) is Attracting Investor Attention: Here is What You Should...
Zacks Investment Research
Zacks Investment Research
DraftKings (DKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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