DraftKings Inc. reported first-quarter 2026 revenue of approximately $1.65 billion [1], representing a 17% increase over the same period last year [1].

The results indicate a scaling of the company's financial operations as it moves toward a "super-app" potential. This growth suggests the company is successfully converting market share into sustainable profit margins while managing the high costs of user acquisition.

The company reported Q1 2026 revenue of $1.646 billion [1], compared to $1.409 billion in the first quarter of 2025 [1]. Other reports rounded this figure to $1.65 billion [2], [3]. The year-over-year revenue increase was measured between 16.8% [2] and 17% [1].

Profitability metrics also showed an upward trend. Earnings per share (EPS) for the quarter reached $0.20 [2], an increase from the $0.12 reported in the prior year's equivalent quarter [2].

Company leadership said the performance was due to a combination of factors. These include efficient customer acquisition, and healthy customer engagement [3]. Additionally, the company benefited from a higher sportsbook net-revenue margin [3].

The financial report was released on May 7, 2026, covering the quarter that ended in March 2026 [1], [2]. DraftKings is listed on the NASDAQ exchange [1].

“Q1 2026 revenue of approximately $1.65 billion”

The growth in both top-line revenue and earnings per share suggests DraftKings is transitioning from a high-burn growth phase to a more efficient operational model. By improving sportsbook margins and reducing the cost of acquiring new users, the company is strengthening its competitive position in the U.S. online gambling market.