Q4 22 EPS
$N/A
Est. $-0.59
Q4 22 Revenue
N/A
Est. $800.2M
vs S&P Since Q4 22
-33.7%
TRAILING MARKET
DKNG +47.3% vs S&P +81.0%
Market Reaction
Did DKNG Beat Earnings? Q4 2022 Results
DraftKings delivered a split verdict in Q1 2026, posting revenue of $1.65 billion, beating the $1.57 billion consensus by 4.54% and growing 8.8% year over year, while earnings per share of $0.20 fell well short of the $0.36 analyst estimate, a miss o… Read more DraftKings delivered a split verdict in Q1 2026, posting revenue of $1.65 billion, beating the $1.57 billion consensus by 4.54% and growing 8.8% year over year, while earnings per share of $0.20 fell well short of the $0.36 analyst estimate, a miss of 44.31%. The key driver behind the revenue strength was a meaningful expansion in Sportsbook Net Revenue Margin, which widened to 7.8% from 6.4% a year ago, helping push Sportsbook revenue up 24.1% to $1.09 billion even as handle grew only modestly. The company also swung to GAAP net income of $21.07 million from a $33.86 million loss in Q1 2025, with Adjusted EBITDA climbing 64% to $167.85 million. Monthly Unique Payers dipped 4% to 4.2 million, though Average Revenue per MUP jumped 21% to $131, underscoring the company's focus on higher-value engagement. Looking ahead, DraftKings held its full-year 2026 revenue guidance of $6.50 billion to $6.90 billion and Adjusted EBITDA of $700 million to $900 million, while flagging an ambitious push into Sports Predictions as a new growth frontier before year-end.
Key Takeaways
- • Efficient customer acquisition over the past year
- • Continued healthy customer engagement
- • Higher Sportsbook net revenue margin (7.8% vs 6.4% YoY)
- • Average Revenue per MUP increased 21% to $131
- • Strong customer retention across Sportsbook and iGaming
DKNG YoY Financials
Q4 2022 vs Q4 2021, source: SEC Filings
DKNG Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are off to a fantastic start to the year as our first quarter results exceeded our expectations. Our core business is strong, and profitability is inflecting. That gives us the firepower to press our advantage in Predictions. With our Super App, market making capabilities, proprietary exchange, and combos coming together, we intend to establish a leadership position in Sports Predictions before year-end.”
— Jason Robins, Q4 2022 Earnings Press Release
DKNG Earnings Trends
DKNG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DKNG EPS Trend
Earnings per share: estimate vs actual
DKNG Revenue Trend
Quarterly revenue: estimate vs actual
DKNG Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.20 | — | $1.65B | +4.54% |
| Q4 25 BEAT FY | $0.18 | $0.36 | +100.00% | $1.99B | +0.80% |
| FY Full Year | $0.79 | $0.66 | -16.28% | $6.05B | +0.26% |
| Q3 25 MISS | $-0.26 | $-0.26 | -1.84% | $1.14B | -4.81% |
| Q2 25 MISS | $0.41 | $0.38 | -6.31% | $1.51B | +6.03% |
| Q1 25 MISS | $0.12 | $0.12 | -2.44% | $1.41B | -1.23% |
| Q1 24 BEAT | $-0.28 | $0.03 | +110.71% | $1.17B | +4.51% |
| Q4 23 BEAT FY | $0.08 | $0.29 | +262.50% | $1.23B | -0.75% |
| FY Full Year | — | $-0.41 | — | $3.67B | — |
| Q4 22 | $-0.59 | — | — | — | — |