DraftKings Swings to 1Q Profit on Better Sportsbook Margins

Dow Jones

05/08

By Dean Seal

DraftKings' strong engagement from a growing roster of customers in the past year helped power it to profitability in the first quarter.

The online sports betting company on Thursday posted a profit of $21.1 million, or 3 cents a share, compared with a loss of $33.9 million, or 7 cents a share, in the same quarter a year earlier.

Total quarterly revenue surged 17% to $1.65 billion, beating analyst forecasts for $1.63 billion, according to FactSet.

The Boston-based company's sportsbook registered a 24% jump in revenue and a stronger margin.

"We are off to a fantastic start to the year," Chief Executive Jason Robins said. "Our core business is strong and profitability is inflecting."

DraftKings also backed its 2026 revenue guidance of $6.5 billion to $6.9 billion.

Write to Dean at dean.seal@wsj.com

(END) Dow Jones Newswires

May 07, 2026 17:47 ET (21:47 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633089761","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633089761","pubTimestamp":1778190420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"DraftKings' strong engagement from a growing roster of customers in the past year helped power it to profitability in the first quarter.The online sports betting company on Thursday posted a profit of $21.1 million, or 3 cents a share, compared with a loss of $33.9 million, or 7 cents a share, in the same quarter a year earlier.Total quarterly revenue surged 17% to $1.65 billion, beating analyst forecasts for $1.63 billion, according to FactSet.The Boston-based company's sportsbook registered a 24% jump in revenue and a stronger margin.\"We are off to a fantastic start to the year,\" Chief Executive Jason Robins said. \"Our core business is strong and profitability is inflecting.\". 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