Filing Flows › DraftKings (DKNG) › Q2 2026 › vs Q1 2026
DraftKings (DKNG) Q2 2026 vs Q1 2026 (quarter over quarter)
DraftKings's revenue fell $203M (-12%) from $1.6B in Q1 2026 to $1.4B in Q2 2026.
DraftKings, Q2 2026: revenue $1.4B (-5% year over year), operating margin -4.7%, net loss $67.6M, operating cash flow $111M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 7.4% | -3.4% | +10.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.4B | $1.6B | −$203M | -12% |
| Income tax benefit | $1.8M | −$6.4M | $8.2M | — |
| Net loss | $67.6M | −$21.1M | $88.7M | — |
| Costs & expenses | $1.5B | $1.7B | −$155M | -9% |
| Operating costs | $1.5B | $1.6B | −$129M | -8% |
| Cost of revenue | $892M | $949M | −$57.6M | -6% |
| Sales & marketing | $323M | $402M | −$79.2M | -20% |
| General & admin | $169M | $166M | $3.5M | +2% |
| Other operating costs | $128M | $123M | $4.5M | +4% |
| Operating cash sources | $179M | −$69.5M | $249M | — |
| Depreciation & amortization | $80.3M | $71.7M | $8.7M | +12% |
| Share-based compensation | $82.6M | $65.2M | $17.3M | +27% |
| Working capital & other | $16.2M | −$206M | $223M | — |
| Net loss absorbed | $67.6M | −$21.1M | $88.7M | — |
| Operating cash flow | $111M | −$48.4M | $160M | — |
| Free cash flow (OCF − capex) | $107M | −$55.5M | $162M | — |
| Capital expenditures | $4.6M | $7.1M | −$2.5M | -35% |
Questions
How much did DraftKings's revenue grow quarter over quarter in Q2 2026?
DraftKings's revenue fell $203M (-12%) from $1.6B in Q1 2026 to $1.4B in Q2 2026.