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DraftKings (DKNG) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2026, DraftKings (DKNG - Free Report) reported revenue of $1.33 billion, up 16.2% over the same period last year. EPS came in at -$0.53, compared to -$0.26 in the year-ago quarter.

The reported revenue represents a surprise of -3.8% over the Zacks Consensus Estimate of $1.38 billion. With the consensus EPS estimate being -$0.21, the EPS surprise was -152.38%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how DraftKings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average Revenue per MUP (ARPMUP): $109.00 versus $105.18 estimated by two analysts on average.
  • Monthly Unique Payers (MUPs): 4.1 million compared to the 4.03 million average estimate based on two analysts.
  • Revenue- Sports: $783.63 million versus the three-analyst average estimate of $759.09 million. The reported number represents a year-over-year change of +31.5%.
  • Revenue- Other: $84.51 million compared to the $96.82 million average estimate based on three analysts. The reported number represents a change of -12.5% year over year.
  • Revenue- iGaming: $460.92 million versus the three-analyst average estimate of $486.3 million. The reported number represents a year-over-year change of +2.1%.

View all Key Company Metrics for DraftKings here>>>

Shares of DraftKings have returned +20.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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