ewsba.se
Draftkings Inc (NASDAQ:DKNG) shares rose about 4% after the company reported mixed first quarter results, with stronger-than-expected revenue offset by a slight earnings miss.
The online sports betting and gaming company posted revenue of $1.65 billion for the quarter ended March 31, up 17% from $1.41 billion a year earlier and modestly ahead of analyst expectations of about $1.64 billion.
The top-line growth was supported by improved sportsbook hold percentages and continued engagement across its core betting and iGaming products.
Adjusted earnings per share came in at $0.20, below the consensus estimate of $0.22.
DraftKings said growth was driven by efficient customer acquisition over the past year, stable retention trends, and stronger sportsbook net revenue margins.
Average revenue per monthly unique payer rose 21% year over year to $131, reflecting higher monetization per customer.
Monthly unique payers totaled 4.2 million, down 4% from a year earlier, largely due to the company’s exit from its Lottery business in Texas. Excluding that impact, users increased 2%, which DraftKings attributed to growth in its Sportsbook and iGaming segments.
The company also highlighted its US footprint, noting it operates mobile sports betting in 27 states, Washington, DC, and Puerto Rico, and iGaming in five states, along with additional operations in Ontario, Canada.
“Our core business is strong, and profitability is inflecting,” CEO Jason Robins said, adding that the company is positioning itself for expansion in emerging “sports predictions” offerings.
Chief Financial Officer Alan Ellingson said the business continues to scale efficiently while investing in higher-return initiatives. DraftKings reiterated its full-year 2026 guidance, expecting revenue of $6.5 billion to $6.9 billion and adjusted EBITDA of $700 million to $900 million.