DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY

DraftKings Inc. (NASDAQ:DKNG) is one of the best low priced growth stocks to invest in now. On May 7, DraftKings reported Q1 2026 revenue of $1.646 billion, up 17% from $1.409 billion in Q1 2025. This increase was driven by efficient customer acquisition, strong consumer engagement, and an improved Sportsbook net revenue margin. The company turned a GAAP profitable quarter with a net income of $21.1 million ($0.03 diluted EPS) and achieved an adjusted EBITDA of $167.9 million.

Monthly Unique Payers/MUPs decreased 4% year-over-year to 4.2 million, primarily due to the company’s exit from the Texas lottery market in 2025. Excluding lottery data, MUPs rose 2% because of steady retention across core Sportsbook and iGaming offerings. Concurrently, the Average Revenue per MUP grew 21% to reach $131, heavily supported by expanding sports betting margins.

DraftKings (DKNG) Reports Q1 2026 Revenue of $1.65B, Up 17% YoY

DraftKings Inc. (NASDAQ:DKNG) maintained its full-year 2026 guidance, projecting revenue between $6.5 billion and $6.9 billion alongside an adjusted EBITDA of $700 million to $900 million. Operationally, the company’s mobile sports betting footprint expanded to cover 27 states and Washington, D.C., representing roughly 53% of the US population.

DraftKings Inc. (NASDAQ:DKNG) is a gaming company, providing online sports betting, online casino, and fantasy sports products. The company is based in Boston, Massachusetts.

While we acknowledge the risk and potential of DKNG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DKNG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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