Filing Flows › DraftKings (DKNG) › Guidance history
DraftKings (DKNG) guidance history: what it guided and what it reported
DraftKings gave guidance in 12 earnings releases on file since May 2, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Revenue: 1 of 2, on average -0.9% against the guided midpoint. Its releases raised guidance 5 times and lowered it twice.
Revenue
Met or beat 1 of 2 periods (0 above, 1 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2027 | $7.3B–$7.8B (Nov 6, 2026) | — | to be reported | — |
| FY2026 | $6.5B–$6.9B (Feb 13, 2026) → reaffirmed $6.5B–$6.9B (May 8, 2026) → reaffirmed $6.5B–$6.9B (Aug 7, 2026) → lowered $6.3B–$6.5B (Nov 6, 2026) | — | to be reported | — |
| FY2025 | $4.8B–$5.0B (Aug 1, 2024) → reaffirmed $4.8B–$5.0B (Aug 2, 2024) → raised $6.2B–$6.6B (Nov 8, 2024) → raised $6.5B (Feb 14, 2025) → lowered $6.2B–$6.4B (May 9, 2025) → reaffirmed $6.2B–$6.4B (Aug 7, 2025) → lowered $5.9B–$6.1B (Nov 7, 2025) | $6.1B | within the range | +0.9% |
| FY2024 | $4.9B (May 2, 2024) → raised $5.2B (Aug 1, 2024) → reaffirmed $5.2B (Aug 2, 2024) → lowered $4.8B–$5.0B (Nov 8, 2024) | $4.8B | below the range | -2.7% |
Adjusted revenue
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2027 | $6.7B–$7.0B (Nov 6, 2026) | — | to be reported | — |
| FY2026 | $6.0B (Feb 13, 2026) → raised $6.5B–$6.9B (May 8, 2026) → reaffirmed $6.5B–$6.9B (Aug 7, 2026) | — | to be reported | — |
| FY2024 | $4.9B (May 2, 2024) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $175M–$225M (Nov 6, 2026) | — | to be reported | — |
| FY2027 | $800M–$1.0B (Nov 6, 2026) | — | to be reported | — |
| FY2026 | $700M–$900M (Feb 13, 2026) → reaffirmed $700M–$900M (May 8, 2026) → reaffirmed $700M–$900M (Aug 7, 2026) → lowered $175M–$275M (Nov 6, 2026) | — | to be reported | — |
| FY2025 | $900M–$1.0B (Feb 14, 2025) → lowered $800M–$900M (May 9, 2025) → reaffirmed $800M–$900M (Aug 7, 2025) → lowered $450M–$550M (Nov 7, 2025) | — | — | — |
| FY2024 | $500M (May 2, 2024) → lowered $340M–$420M (Aug 1, 2024) → reaffirmed $340M–$420M (Aug 2, 2024) → lowered $240M–$280M (Nov 8, 2024) | — | — | — |
The latest quarter
DraftKings, Q3 2026: revenue $1.3B (+16% year over year), operating margin -37.1%, net loss $469M, operating cash flow $25K. The chart follows the revenue to costs, profit and cash.
Questions
Does DraftKings beat its guidance?
DraftKings gave guidance in 12 earnings releases on file since May 2, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Revenue: 1 of 2, on average -0.9% against the guided midpoint.
How often does DraftKings raise guidance?
Its earnings releases raised guidance 5 times and lowered it twice since May 2, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.