DraftKings Reports Second Quarter Results
DraftKings reported Q2 revenue of $1.44 billion, down 5% year-over-year, while Sports Consumer Volume increased 15% to $13.1 billion driven by strong customer acquisition. The company posted a net loss of $67.6 million, compared to net income of $157.9 million in the prior year, as favorable sports outcomes and higher promotions reduced Average Revenue per MUP by 13%.
Key figures
- Revenue
- 1443000000
- Guidance
- FY26 revenue $6.5B-$6.9B, Adjusted EBITDA $700M-$900M
- Revenue Yoy
- -5%
- Mups
- 3600000
- Arpmup
- 132
- Handle
- 13100000000
AI analysis
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