---
title: "DraftKings rises after reporting better-than-expected Q1 numbers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285615580.md"
description: "DraftKings shares rose in after-market trading following better-than-expected Q1 results, reporting revenue of $1.65 billion against a $1.63 billion expectation, and earnings per share of $0.03 versus a $0.01 estimate. The company maintained its full-year adjusted EBITDA guidance of $700 million to $900 million and sales guidance of $6.5 billion to $6.9 billion. Despite this, DraftKings has faced challenges with the rise of prediction markets, leading to a 25% decline in shares this year, while rival FanDuel's parent company has seen a 50% drop."
datetime: "2026-05-07T20:41:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285615580.md)
  - [en](https://longbridge.com/en/news/285615580.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285615580.md)
---

# DraftKings rises after reporting better-than-expected Q1 numbers

Sports-betting company DraftKings rose in after-market trading Thursday after it reported better-than-expected Q1 sales and earnings. Here’s the rough outline of the results:

-   Q1 revenue of $1.65 billion vs. Wall Street’s $1.63 billion expectation, according to FactSet.
-   Q1 earnings per share of $0.03 compared with a consensus estimate of $0.01.
-   Q1 adjusted EBITDA of $167.9 million vs. $152.6 million expectation.
-   Maintained previous full-year adjusted EBITDA guidance of $700 million to $900 million, compared with estimates of $791.4 million.
-   Maintained previous full-year sales guidance of between $6.5 billion and $6.9 billion (midpoint $6.70 billion) and analysts’ estimates of $6.82 billion, according to FactSet.

Shares of traditional online sports gambling like DraftKings have struggled as prediction markets have emerged as a center of industry excitement.

The shift to such markets has been tricky for both DraftKings and rival FanDuel, the US leader in online sports betting — which have to manage pre-existing relationships with state gaming commissions that stand to be disrupted by prediction markets, which are regulated on the federal level by the CFTC.

DraftKings is down roughly 25% in 2026, while FanDuel parent Flutter Entertainment, which reported earnings yesterday, is down more than 50%.

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