DraftKings second quarter 2026 revenue fell 5% to $1.44B amid unfavorable sport outcomes

DraftKings reported second quarter 2026 revenue of $1.44 billion, a 5% year-over-year decrease primarily driven by customer-friendly sport outcomes and aggressive promotional reinvestment. Despite the revenue decline, underlying engagement remained strong with significant growth in wagers and unique payers.

Key Highlights

• Sports Consumer Volume increased 15% year-over-year to $13.1 billion, reflecting robust customer engagement.
• Monthly Unique Payers (MUPs) grew 9% to 3.6 million, supported by the December 2025 launch of the Predictions offering.
• Average Revenue per MUP (ARPMUP) dropped 13% to $132, impacted by unfavorable betting results and elevated promotional spend for new acquisitions.
• Adjusted EBITDA declined to $114.6 million from $300.6 million in the prior year period.