DraftKings (DKNG) EV to EBITDA (2021 - 2026)
DraftKings' (DKNG) quarterly EV to EBITDA came in at 314.83 in Q2 2026, down 228.65% year-over-year from 244.72 in Q2 2025, and down 110.11% quarter-over-quarter from 3115.29 in Q1 2026.
Analysis
DraftKings (DKNG) EV to EBITDA (2021 - 2026) Analysis & Trends
DraftKings (DKNG) has reported EV to EBITDA for 6 consecutive years, with 314.83 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 228.65% year-over-year to 314.83 in Q2 2026; TTM through Jun 2026 was 117.64, a 6.41% decrease from a year earlier, with the FY2025 full-year figure at 1863.04, down 3444.61% from the prior year.
- EV to EBITDA was 314.83 for Q2 2026 at DraftKings, down from 3115.29 in the prior quarter.
- Over five years, EV to EBITDA peaked at 3115.29 in Q1 2026 and troughed at 1009.8 in Q2 2024.
- A 5-year average of 18.83 and a median of 98.46 in 2023 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA sank 1764.49% in 2023 and surged 608.24% in 2026, its largest moves.
- Over 5 years, EV to EBITDA stood at 35.79 in 2022, then slumped by 1764.49% to 667.31 in 2023, then surged by 65.54% to 229.98 in 2024, then surged by 184.43% to 194.17 in 2025, then sank by 262.14% to 314.83 in 2026.
- The last three EV to EBITDA figures came in at 314.83 (Q2 2026), 3115.29 (Q1 2026), and 194.17 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | DraftKings | 21.34 Bn | 20.35 Bn | 551.45 Mn |
| 2 | Flutter Entertainment | 17.38 Bn | 16.20 Bn | 1.71 Bn |
| 3 | Super Group (SGHC) | 7.08 Bn | 6.53 Bn | - |
| 4 | Rush Street Interactive | 6.18 Bn | 6.00 Bn | 139.66 Mn |
| 5 | Codere Online Luxembourg | 412.23 Mn | 342.98 Mn | - |
| 6 | Meridian Holdings | 171.67 Mn | 155.85 Mn | 26.85 Mn |
| 7 | High Roller Technologies | 54.90 Mn | 52.24 Mn | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -314.83 |
| Mar 31, 2026 | 3,115.29 |
| Dec 31, 2025 | 194.17 |
| Sep 30, 2025 | -117.82 |
| Jun 30, 2025 | 244.72 |
| Mar 31, 2025 | -612.96 |
| Dec 31, 2024 | -229.98 |
| Sep 30, 2024 | -112.57 |
| Jun 30, 2024 | -1,009.80 |
| Mar 31, 2024 | -275.57 |
| Dec 31, 2023 | -667.31 |
| Sep 30, 2023 | -84.36 |
| Jun 30, 2023 | -313.38 |
| Mar 31, 2023 | -39.66 |
| Dec 31, 2022 | -35.79 |
| Sep 30, 2022 | -24.97 |
| Jun 30, 2022 | -26.87 |
| Mar 31, 2022 | -27.18 |
| Dec 31, 2021 | -53.82 |
| Sep 30, 2021 | -65.97 |