Filing Flows › DraftKings (DKNG) › Q3 2026
DraftKings (DKNG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
DraftKings (DKNG) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +16% from a year earlier and -8% from the quarter before. Operating margin was -37.1%, net loss $469M (35.3% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -8% | +16% |
| Operating profit | −$493M | — | — |
| Net earnings | −$469M | — | — |
| Operating cash flow | $25K | -100% | -100% |
What changed
Revenue was $1.3B in Q3 2026, up 16% year over year and down 8% from the previous quarter. Sports was the largest line at 59% of revenue. Sports added $0.19B year over year (up 31%), 101% of the total change. Other declined 13%.
Operating costs exceeded revenue by $0.49B, an operating margin of -37.1%. Total costs grew 29% against revenue growth of 16%. The fastest-growing cost line was Sales & marketing (+68%). The quarter ended with a net loss of $0.47B, wider than the previous quarter's $0.07B loss.
Operating cash flow was $25K (down 100% year over year). Non-cash charges added back $0.08B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.31B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was DraftKings' revenue in the third quarter 2026?
DraftKings (DKNG) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +16% from a year earlier and -8% from the quarter before.
Was DraftKings profitable in the third quarter 2026?
Operating loss was $493M (-37.1% of revenue) and net loss $469M.
Source: DraftKings 10-Q on SEC EDGAR.