DraftKings Q3 Revenue Rises 16% to $1.33 Billion; Reports $0.53 Adjusted Loss Per Share

What happened

DraftKings reported third-quarter 2026 revenue of $1.33 billion, up 16% year over year, alongside a $468.7 million net loss and an adjusted loss of $0.53 per share. It introduced fiscal 2027 guidance of $7.35 billion to $7.75 billion in revenue and $800 million to $1.0 billion in Adjusted EBITDA, a measure of operating performance.

Confirmed

Global impact / market context

Revenue growth and more monthly payers point to expanding customer activity, which can support future sales. However, the larger net loss and wider adjusted loss per share show that growth has not yet translated into improved reported results, making delivery against the 2027 outlook important.

Analyst inference

Investors can compare the 2027 revenue range with the reported 16% growth rate, while treating the Adjusted EBITDA target as a separate measure rather than net profit. Customer growth across Sportsbook, iGaming and Predictions may support sales, but the article gives no segment-level revenue or cost breakdown.

Analyst inference

What to watch

1. Track quarterly revenue against the fiscal 2027 range of $7.35 billion to $7.75 billion; results below that path could make the outlook harder to achieve. Analyst inference
2. Watch whether monthly unique payers and average revenue per payer continue rising, since those measures indicate customer activity and revenue generated per customer. Analyst inference
3. Compare future net losses and adjusted loss per share with this quarter’s figures to see whether revenue growth is accompanied by improvement in reported results. Analyst inference

Evidence

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