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DraftKings (DKNG) guidance and outlook
DraftKings (DKNG) lowered its guidance on Nov 6, 2026: Revenue $7.3B–$7.8B for FY2027; EBITDA $800M–$1.0B for FY2027; Revenue $6.3B–$6.5B for FY2026; EBITDA $175M–$275M for FY2026. DraftKings' 10-Q filed Nov 6, 2026 makes 4 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2027 | $7.3B–$7.8B | initiated |
| EBITDA | FY2027 | $800M–$1.0B | initiated |
| Revenue | FY2026 | $6.3B–$6.5B | lowered |
| EBITDA | FY2026 | $175M–$275M | lowered |
| EBITDA | Q4 2026 | $175M–$225M | new |
| Revenue | FY2027 | $6.7B–$7.0B | new |
| Revenue | FY2027 | $650M–$750M | new |
From the earnings release filed Nov 6, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- We will continue to manage our fixed-cost base in conjunction with our market entry plans and focus our variable spend on marketing, user experience and support and regulatory compliance to become the offering of choice for users and to maintain favorable relationships with regulators.
- We also expect to improve our profitability over time as our revenue and gross profit expand as jurisdictions mature, and our variable marketing expenses and fixed costs stabilize or grow at a slower rate.
- We expect the number of MUPs to grow as we attract, retain and re-engage users in new and existing jurisdictions and expand our offerings to appeal to a wider audience.
- We will continue to evaluate our long-term operating performance and cash needs and believe we are well positioned to continue to fund the operations of our business long-term.
DraftKings' 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
Did DraftKings raise or lower its guidance?
DraftKings (DKNG) lowered its guidance on Nov 6, 2026: Revenue $7.3B–$7.8B for FY2027; EBITDA $800M–$1.0B for FY2027; Revenue $6.3B–$6.5B for FY2026; EBITDA $175M–$275M for FY2026.
What does DraftKings expect?
We will continue to manage our fixed-cost base in conjunction with our market entry plans and focus our variable spend on marketing, user experience and support and regulatory compliance to become the offering of choice for users and to maintain favorable relationships with regulators. We also expect to improve our profitability over time as our revenue and gross profit expand as jurisdictions mature, and our variable marketing expenses and fixed costs stabilize or grow at a slower rate. We expect the number of MUPs to grow as we attract, retain and re-engage users in new and existing jurisdic
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.