DraftKings Revenue Rises 16%, but Mounting Losses and Prediction Markets Spending Weigh on Outlook

DraftKings reported $1.33 billion in third-quarter revenue, but rising expenses, a widening quarterly loss and reduced annual guidance reveal the financial cost of its aggressive expansion into prediction markets. DraftKings generated more than $1.3 billion in revenue during the third quarter of 2026, yet the company’…