DraftKings forecasts 2027 adjusted EBITDA of $800 million to $1 billion
DKNG•DraftKings forecasts fiscal 2027 revenue of $7.35 billion to $7.75 billion and adjusted EBITDA of $800 million to $1 billion. It projects fiscal 2026 revenue of $6.35 billion to $6.55 billion and adjusted EBITDA of $175 million to $275 million, reflecting increased investment in Predictions.
1. 2026 and 2027 outlook
DraftKings forecasts fiscal 2026 revenue of $6.35 billion to $6.55 billion and adjusted EBITDA of $175 million to $275 million, reflecting $650 million to $700 million of Predictions investment on an adjusted EBITDA basis. For fiscal 2027, it projects revenue of $7.35 billion to $7.75 billion and adjusted EBITDA of $800 million to $1 billion.
2. Predictions projections
DraftKings expects Predictions revenue to reach $650 million to $750 million, with adjusted EBITDA investment falling to $250 million to $350 million. More than 1.6 million customers have engaged with Predictions year-to-date, and the 2026 customer cohort's expected payback period is approximately 20 months.
