DraftKings Revenue Rises in Q3 as Losses Widen

DraftKings raised revenue 16% to $1.33 billion in the three-month period ended September 30, 2026. Revenue in the same period last year was $1.14 billion. The company attributed the revenue growth to high customer engagement and an improvement in its sports betting net revenue margin.

Net loss attributable to the parent company's shareholders rose to $468.7 million. Last year this figure was $256.8 million. Adjusted EBITDA loss increased to $316.9 million, and operating loss rose to $493.1 million. Marketing expenses reached $605.7 million, up from $360.4 million in the prior year.

Sports revenue rose 31.5% to $783.6 million. Sports consumer handle grew 21.9% to $13.9 billion. The sports net revenue margin rose to 5.6% from 5.2%. iGaming revenue increased 2.1% to $460.9 million, while other revenue fell 12.5% to $84.5 million.

Monthly average unique paying users rose about 13% to 4.1 million. Monthly revenue per unique paying user increased 3% to $109. Improved sports margins contributed to this increase.