DraftKings (DKNG) EBITDA (2021 - 2026)
DraftKings (DKNG) posted quarterly EBITDA of $5.8 million for Q1 2026, up 112.62% year-over-year from $2.7 million in Q1 2025, and down 96.15% quarter-over-quarter from $151.8 million in Q4 2025.
DraftKings (DKNG) EBITDA (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported EBITDA for 6 consecutive years, with $5.8 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA rose 112.62% year-over-year to $5.8 million; the TTM figure through Mar 2026 stood at $36.4 million (up 107.04% YoY), while the FY2025 annual figure was -$15.8 million, up 97.4% from the prior year.
- EBITDA declined to $5.8 million in Q1 2026 per DKNG's latest filing, from $151.8 million in the prior quarter.
- Across five years, EBITDA topped out at $151.8 million in Q4 2025 and bottomed at -$515.6 million in Q1 2022.
- Historically, EBITDA has averaged -$171.8 million across 5 years, with a median of -$139.2 million in 2024.
- Annual changes were most pronounced in 2024 — EBITDA plunged 217.69% — and 2025, when it soared 565.12%.
- DraftKings' EBITDA stood at -$232.2 million in 2022, then surged by 81.13% to -$43.8 million in 2023, then slumped by 217.69% to -$139.2 million in 2024, then jumped by 209.04% to $151.8 million in 2025, then plunged by 96.15% to $5.8 million in 2026.
- Business Quant data shows DKNG's EBITDA at $5.8 million in Q1 2026, $151.8 million in Q4 2025, and -$271.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.48 Bn | 15.91 Bn | 1.71 Bn | -144.00 Mn |
| 2 | DraftKings | 12.42 Bn | 11.42 Bn | 551.45 Mn | -68.17 Mn |
| 3 | Super Group (SGHC) | 6.68 Bn | 6.26 Bn | - | 152.00 Mn |
| 4 | Churchill Downs | 6.51 Bn | 6.31 Bn | 712.00 Mn | 357.00 Mn |
| 5 | Rush Street Interactive | 2.83 Bn | 2.49 Bn | 139.66 Mn | 46.63 Mn |
| 6 | Brightstar Lottery | 2.15 Bn | 877.09 Mn | 297.00 Mn | 237.00 Mn |
| 7 | Accel Entertainment | 993.49 Mn | 738.04 Mn | 115.51 Mn | 45.88 Mn |
| 8 | Codere Online Luxembourg | 416.60 Mn | 347.18 Mn | - | - |
| 9 | Inspired Entertainment | 170.71 Mn | 146.31 Mn | 52.10 Mn | 9.90 Mn |
| 10 | Grandstand | 71.71 Mn | 62.91 Mn | 31.83 Mn | 7.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -68.17 Mn |
| Mar 31, 2026 | 5.85 Mn |
| Dec 31, 2025 | 151.76 Mn |
| Sep 30, 2025 | -271.89 Mn |
| Jun 30, 2025 | 150.64 Mn |
| Mar 31, 2025 | -46.33 Mn |
| Dec 31, 2024 | -139.18 Mn |
| Sep 30, 2024 | -298.59 Mn |
| Jun 30, 2024 | -32.39 Mn |
| Mar 31, 2024 | -138.84 Mn |
| Dec 31, 2023 | -43.81 Mn |
| Sep 30, 2023 | -286.59 Mn |
| Jun 30, 2023 | -69.05 Mn |
| Mar 31, 2023 | -389.79 Mn |
| Dec 31, 2022 | -232.22 Mn |
| Sep 30, 2022 | -455.03 Mn |
| Jun 30, 2022 | -308.92 Mn |
| Mar 31, 2022 | -515.58 Mn |
| Dec 31, 2021 | -368.76 Mn |
| Sep 30, 2021 | -546.52 Mn |