{"id":3743,"date":"2026-08-07T14:41:12","date_gmt":"2026-08-07T14:41:12","guid":{"rendered":"https:\/\/www.bettingjobs.com\/?p=3743"},"modified":"2026-08-19T14:44:52","modified_gmt":"2026-08-19T14:44:52","slug":"draftkings-gains-the-upper-hand","status":"publish","type":"post","link":"https:\/\/www.bettingjobs.com\/bettingjobs-earningsandmore-partnership\/draftkings-gains-the-upper-hand\/","title":{"rendered":"DraftKings gains the upper hand"},"content":{"rendered":"<p><strong>There\u2019s talk on the street:<\/strong> Flutter\u2019s sell-off this week also pulled DraftKings lower before its own Q2 results released last night. But although DraftKings\u2019 Q2 earnings statement also missed headline expectations, the sell-side reaction was notably warmer.<\/p>\n<ul>\n<li>The company maintained 2026 revenue guidance of $6.5bn-$6.9bn and adj. EBITDA guidance of $700m-$900m.<\/li>\n<li>It said its core business remains on course to produce ~$1bn of EBITDA before prediction-market investment.<\/li>\n<\/ul>\n<p><strong>It sounds so familiar: <\/strong>The reassurance came despite Q2 revenue declining 4.6% to $1.44bn and adj. EBITDA falling 62% to $115m. Revenue was about 4% below consensus and EBITDA ~30% short, according to Citizens.<\/p>\n<ul>\n<li>Customer-friendly sporting results \u2013 particularly the New York Knicks\u2019 NBA run and World Cup group-stage outcomes \u2013 combined with heavier acquisition spending to depress the quarter.<\/li>\n<li>Sports revenue fell 10.6% to $892m yet sportsbook handle increased 11%, while iCasino revenue rose 7.5% to $462m.<\/li>\n<li>Monthly unique players increased 9% to 3.6 million, although average revenue per payer fell 13% to $132.<\/li>\n<\/ul>\n<p><strong>DraftKings vs. Flutter: the tale of the share price tape<\/strong><\/p>\n<p><a href=\"https:\/\/earningsandmore.substack.com\/p\/draftkings-gains-the-upper-hand\">Like what you are reading? CLICK here to read the FULL article!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s talk on the street: Flutter\u2019s sell-off this week also pulled DraftKings lower before its own Q2 results released last night. But although DraftKings\u2019 Q2 earnings statement also missed headline expectations, the sell-side reaction was notably warmer. The company maintained 2026 revenue guidance of $6.5bn-$6.9bn and adj. EBITDA guidance of $700m-$900m. It said its core&hellip;<\/p>\n","protected":false},"author":13,"featured_media":3745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[24],"tags":[],"class_list":["post-3743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bettingjobs-earningsandmore-partnership"],"acf":[],"post_author_name":"","post_authors_type":"","post_authors_from_team_members":false,"_links":{"self":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/comments?post=3743"}],"version-history":[{"count":1,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3743\/revisions"}],"predecessor-version":[{"id":3746,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/posts\/3743\/revisions\/3746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/media\/3745"}],"wp:attachment":[{"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/media?parent=3743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/categories?post=3743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bettingjobs.com\/af-api\/wp\/v2\/tags?post=3743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}