Genius Sports has exceeded its Q2 2026 estimates by generating $196 million in revenue, representing a 65% rise, further pushing the company to increase its full-year...
DraftKings has revealed a 5% year-on-year decrease in revenue for Q2 2026, reaching $1.44 billion compared to the previous year’s $1.53 billion and Wall Street expectations of $1.55 billion.
Adjusted EBITDA came in at $114.6 million, representing a huge decline compared to 2025’s $300.6 million, with the company also reporting $67.6 million in net loss, as opposed to a $157.9 million net income in 2025.
On the other hand, Sports Consumer Volume rose by 15% to $13.1 billion, thanks to strong customer acquisition and engagement from existing users. DraftKings additionally explained that the low revenue versus high betting volume figures were driven by bettor-friendly outcomes. Based on this, sportsbook revenue dropped by 10.6% to $891.9 million, but iGaming revenue jumped by 7.5% to $461.9 million.
DraftKings CEO Jason Robins stated:
“We delivered a strong second quarter and enter the back half of the year with real momentum, as our core business grew across handle, users, and engagement.”
CFO Alan Ellingson further added:
“Our core business remains on track to generate approximately $1 billion of adjusted EBITDA this year, providing us with financial flexibility to invest behind the significant opportunity that we are seeing in Predictions.”
The company shared that it reached 3.6 million monthly unique users in the second quarter, representing a 9% increase; however, average revenue per player was down by 13% to $132.
Despite the weaker results, DraftKings confirmed its full-year guidance, expecting to generate between $6.5 billion and $6.9 billion in revenue.
