DraftKings posts strong Q1 2026 with 17% revenue growth and 64% EBITDA surge, nearing consistent profits.

DraftKings reported a strong first quarter for 2026, with revenue increasing 17% year-over-year and EBITDA rising 64%, signaling improved operating leverage. The company is moving from a growth waiting phase toward consistent profitability, driven by better sportsbook margins, expansion in iGaming, prediction markets, and increased revenue per customer. Despite a slight 4% drop in monthly unique players, DraftKings is successfully extracting more value from each user and diversifying its revenue streams, positioning it well for future growth.