DraftKings (DKNG) Sets FY2027 Revenue Guidance at $7.35B-$7.75B

What happened

DraftKings reported third-quarter 2026 revenue of $1,329 million, up 16% from $1,144 million a year earlier. It introduced FY2027 revenue guidance of $7.35 billion to $7.75 billion and adjusted EBITDA guidance of $800 million to $1.0 billion. The EBITDA range includes planned investment in Predictions.

Confirmed

Global impact / market context

The guidance gives investors a benchmark for judging whether DraftKings can keep growing revenue while funding Predictions. Because planned investment is included in the adjusted EBITDA range, spending on that business may constrain profit even if revenue rises as management expects.

Analyst inference

Q3 revenue rose 16% year over year, while management's FY2027 revenue range implies 17% growth at its midpoint. The figures point to continued expansion, but the article provides no prior-period comparison for the EBITDA guidance or evidence that future results will meet it.

Analyst inference

What to watch

1. Compare upcoming quarterly revenue with the FY2027 range to assess whether DraftKings' reported growth is tracking management's stated benchmark. Analyst inference
2. Look for updates on Predictions spending and results, since planned investment is included in FY2027 adjusted EBITDA guidance and could affect reported profitability. Analyst inference
3. Compare future adjusted EBITDA with the $800 million to $1.0 billion guidance range; adjusted EBITDA is a profit measure that excludes specified items. Analyst inference

Evidence

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