DraftKings (DKNG) Q2 2026 Earnings Call Transcript

DraftKings’ Q2 2026 results showed revenue of $1.443 billion, down 5% year over year, as sport outcomes influenced net revenue and the company increased promotional reinvestment. Sports Consumer Volume reached $13.1 billion, up 15%, while monthly unique payers rose 9% to 3.6 million. Average revenue per MUP fell 13% to $132. Adjusted EBITDA was $115 million, partially offset by sport outcomes and a 10% rise in planned customer acquisition spend. For fiscal 2026, revenue guidance remains $6.5 billion to $6.9 billion and adjusted EBITDA is $700 million to $900 million. Predictions annualized volume hit $11 billion in July versus $2.3 billion in April.