DraftKings Misses Q3 2026 Estimates as Revenue Rises 16% to $1.33B

DraftKings (DKNG) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $1.33 billion, up 16% from a year earlier, below the $1.39 billion estimate, and adjusted EPS was -$0.53, down 1.9% from a year earlier, below the -$0.41 estimate.

Shares fell 1.2% in after-hours trading as of 4:15 p.m. ET, to $23.24 from a $23.52 close.

Q3 2026 scorecard

By our calculation, revenue was $63.8 million below the estimate and adjusted EPS was $0.12 below it. The QoQ column compares with the previous quarter's revenue of $1.44 billion and adjusted EPS of -$0.14. The YoY column compares with $1.14 billion and -$0.52 in the same quarter a year earlier.

Track record

• EPS record. Adjusted EPS beat the estimate in 2 of the last 8 reports, including this one.
• Revenue record. Revenue beat the estimate in 2 of the last 8 reports.
• Revenue trend. Revenue over the last 5 reports, oldest first: $1.14 billion, $1.99 billion, $1.65 billion, $1.44 billion and $1.33 billion.

What to watch

• Next-quarter estimates. Consensus calls for EPS of $0.43 and revenue of $2.19 billion next quarter, based on 7 analysts.
• Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 16% increase to $1.33 billion.
• Estimate record. Whether DraftKings returns to beating EPS estimates, which it did in 2 of its last 8 reports.
• Related coverage. See our reports on CBL & Associates Properties, Apple Hospitality REIT, American Healthcare REIT and AMN Healthcare Services.

Sources: Results are from DraftKings's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from DraftKings's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.