
DraftKings is introducing fiscal year 2026 revenue guidance of $6.5B to $6.9B and Adjusted EBITDA guidance of $700M to $900M, reflecting expected investment in DraftKings Predictions.
Bullish
DraftKings achieved 43% Q4 2025 revenue growth and positive net income for fiscal year 2025, setting records for revenue and Adjusted EBITDA. Average Revenue per MUP also increased 43%.
Bearish
DraftKings' MUPs were unchanged year-over-year and total liabilities significantly increased. The company's 2026 guidance also excludes potential variance from sport outcomes, adding an element of unpredictability.