# DraftKings Q3 Earnings Miss

> DraftKings reports Q3 2026 loss per share of $0.53 vs $0.39 estimates, revenue up 16.2%.
- Title: DraftKings Q3 Earnings Miss | Shortify
- Summary: DraftKings reports Q3 2026 loss per share of $0.53 vs $0.39 estimates, revenue up 16.2%.
- Keywords: draftkings, q3 fy26, revenue, loss per share, adjusted loss per share, net loss, customer acquisition, Alphastreet - Earnings Decoded. Market Intelligence Delivered
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/draftkings-deep-dive-q3-fy26-results-miss-estimates-revenue-up-16
- Author: AlphaStreet Newsdesk
- Published: 2026-11-06T17:55:07+00:00
- Read time: 1 min
- Topics: draftkings, q3 fy26, revenue, loss per share, adjusted loss per share, net loss, customer acquisition
## Q3 2026 Results
DraftKings reported an adjusted loss per share of $0.53 versus estimates of $0.39, a 35.9% miss.
## Revenue Growth
Revenue climbed 16.2% year-over-year to $1.33 billion, up from $1.99 billion in Q4 2025.
## Net Loss Expansion
Net loss widened to $468.7 million from $256.8 million, an 82% increase in absolute losses.
## Margin Compression
Operating margin dropped to negative 37.1%, with net margin deteriorating 12.7 percentage points year-over-year.
## Customer Acquisition
Management cited 76% year-over-year growth in customer acquisition, driving margin pressure.
## Sequential Revenue Decline
Revenue declined for three consecutive quarters, dropping from $1.99 billion in Q4 2025 to $1.33 billion in Q3 2026.
## Segment Performance
Sports revenue grew 31.5% year-over-year to $783.6 million, while iGaming revenue grew only 2.1%.
## Fiscal 2027 Guidance
Guided revenue of $7.35 billion to $7.75 billion implies 17% growth at the midpoint, with EBITDA of $800 million to $1 billion.
## Key takeaway

DraftKings missed Q3 2026 earnings estimates with a $0.53 adjusted loss per share, while revenue grew 16.2% year-over-year.