DraftKings reported a 53% EPS miss and 62% EBITDA decline in Q2 2026, though its Predictions platform surged to $11 billion annualized volume.
DraftKings (NASDAQ:DKNG) posted Q2 2026 earnings that fell short of expectations, with adjusted EPS of $0.09 missing estimates by 53% and revenue of $1.44 billion coming in 4.48% below consensus. EBITDA also declined 62%, contributing to a flat close at $24.03 after an intraday low of $21.895.
The company, the second-largest U.S. online sportsbook operator, reported its first full-year GAAP profit in 2025 but faced a setback in Q2. Despite the miss, its Predictions platform saw rapid growth, with annualized volume surging from $2.3 billion to $11 billion between April and July, engaging over 600,000 customers year-to-date.
Shares remained volatile as investors weighed the earnings miss against the platform’s expansion, which management noted had lower acquisition costs than its Sportsbook segment.